I know that we have a bad economy, so bad that we have a not-yet-President who is running the country from the Chicago Hilton so that the markets don’t implode while Bush gives pardons for cronies.
But can we just take a minute for a reality check? It’s not really bad for people who are young. It’s a part of the world you don’t hear much about in mainstream media. Think about it. Most media is in NYC, and you don’t make a lot of money as a writer, so most people who are writing in the tri-State area are married to bankers. Yes, this is a huge generalization, but it is a stereotype because it’s true.
Two neighborhoods—Montclair, NJ, and Park Slope, NY—are the bastions of media elite married to banker elite. And it’s a combustible moment there, demonstrated by how we get a lot of reporting about how sad it is for the bankers right now. Who are mostly middle aged.
And we get a lot of reporting about how sad it is for older people in the workforce because those are the people getting laid off. The baby boomers love to report about how much discrimination there is against them. And they have huge pulpits to report that from.
Of course, don’t get me started. The baby boomers had a great run spending tons of money they didn’t have and then bitching that the economic rug is pulled out from under them. But there is no mention that Gen X never even had a good run. How about reporting that?
But okay. This is not the point of my post. After all, if you write a Thanksgiving post, it must be upbeat and not grouchy. But also, I will not write a purely upbeat post because then I’d be in the league of all the people who are going to blog about how much they love their family and how great their family is—blah blah blah. And I should remind you you that it was none other than Tolstoy who said that all happy families are the same. And that is why you should never write about them.
But the adage that happiness is boring is true for everything. For example, it is true in the list of sex scenes that stink. (Thank you, Ben Cascnocha, for knowing I would love that link.) You need to have tension in a good sex scene, like maybe the guy can’t get an erection and wants to slit his wrists. Or something less tense but still a little tense. Surely you can imagine.
Okay. So I can’t be all good cheer or I would bore you. But I am doing my Thanksgiving post, so here: the niceness, the let’s-all-feel-good thing, is that young people are doing fine in this economy and people should start reporting it.
The not-feeling-so-great thing is that, in the case of everyone but the young, the economy is only good for star performers. But really (and here is the part of the post you should skip if you want Thanksgiving bliss) I have been ranting and screaming for years that the best way to have a good life is to be a star performer at work because that gives you the most flexibility to get what you want out of life. Don’t be a star performer for money. Be a star performer so that in an economy like this, you don’t have to worry about a paycheck.
But—I know someone will ask—here is the evidence that things are fine for young people:
1. Jobs for low-level candidates are increasing. This data comes from a report from Beyond.com issued on November 14: In October 2008, jobs for candidates with 0-3 years of experience increased by 3.68% when compared to jobs posted in September 2008. This was the only category of jobs by experience level that did not decrease over the previous month.
2. There are plenty of entry-level jobs to be had. There is a backlog of entry-level jobs that have been going unfilled for years. Alan Schweyer of the Human Capital Institute said just three weeks ago, sitting next to me on a panel, that the unemployment rate for college grads has been at 0% for the past seven years. (ed. – Alan Schweyer has a great comment toward the bottom of the comments clarifying this statistic.) In the middle of 2008, Robert Half, a recruiting agency for accounting and finance, said that accounting firms have been so chronically understaffed that we’d have to have a five-year recession for them to catch up.
3. College grads are doing fine in today’s market. On November 19, JobFox announced that, “Skilled professionals remain in demand despite the economic downturn. While the unemployment rate rose to 6.5 percent in October, the unemployment rate for professionals with college degrees remains manageable at 3.1 percent.”
So I know what you’re saying. If things are so great for young people, then why is Obama creating 2.5 million jobs from the Chicago Hilton? The answer is that unemployment is insanely high for older people: Yesterday, Fox News reported that the unemployment rate for people over 50 is nearing 50%.
I’m not saying things are great in the U.S. (Though I do love Obama.) What I’m saying is that young people shouldn’t be thrown by the bad news that old people are pushing. Things are not that bad if you’re beginning your career. Think big, ask a lot of the world, demand respect and fun and a high learning curve. You will annoy people, for sure, but young people annoy older people in a good economy too.
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“Reason to give thanks: There is no job shortage for young people”
You’re an idiot.
There haven’t been jobs for young people in the past five years. The whole system has been tilted against young people even before the recession. Every job even prior to the recession has had the “experience catch-22″: you have to have experience to get work to get experience to have work. If you’re under 25 or over 40 nobody will hire you, flat-out.
Posted by Fragbait on June 21, 2010 at 3:23 pm | permalink |
Woman please remove your head from your posterior, so you can cleary see what is going on around you. 40% of college grads can not find jobs, schools and colleges are revising curriculums turning 4 yr degrees into 6 yr degrees just to milk more money from students- a process in stock-broker world called “churning” just to artificially get more money out of a system that does not work. Schools are catering to foreign students because they are the only ones capable of returning home and finding jobs to pay off student loans.
25% of private lenders have dropped out of the student loan market due to “risk aversion”. Our economy is about to collapse, the national debt now is officially mathmatically impossible to pay off. The only thing that keeps this faulty system running with impossible derivatives is the Chinese governement still being willing to buy our treasury bills, otherwise our government would shut down, we are bankrupt. Do not even ask about where the gold is that should be in Fort knox……
Posted by Realitybetraysusall on June 27, 2010 at 12:21 am | permalink |
The “delusions” present in this piece are understandable, especially considering the time at which it was written. It was written before the long-term unemployment/underemployment of college grads became apparent. Also, I believe I am familiar with the statistics that the article is based on.
As far as I understand, it is true that young people have a lower unemployment rate than older people, and that “young people” jobs are being created. This would be a cause for joy and relief if not for the fact that the creation of “young people” jobs means the creation of jobs like pharmacy technicians and home health aides- relatively low-paying jobs which require vocational certificates, not college degrees.
So, yes, the article was right in 2008 and it is still right now- undesirable jobs that pretty much only young people will take are still out there.
Posted by Benny on January 27, 2011 at 3:46 pm | permalink |
I’m happy for you. I’m still trying to get out of the U.S. I have an incredible idea for website, I’m sure tourist would love, and could make business flow a bit faster in New York City, but unfortunately I lack the funds to access the materials to complete the project. Just like you said in you commit. “At Best, I was earning 30k a year which is pretty bad. Lots of stress, a poor lifestyle, it just wasn’t worth it.” I’m going through the same thing, and trying to make it out. I’m even learning Mandarin.
Posted by Shon on May 28, 2011 at 3:00 am | permalink |
I love China. I’m a local American from Iowa, I graduated top of my class in Marketing with a Bachelors Degree. I also have an Associates in Applied Linguistics and Business Admin. My brother has a Bachelors in Mechanical Engineering. We both slaved away for low salary wages in the U.S. never getting to perform the jobs we went were chasing. At Best, I was earning 30k a year which is pretty bad. Lots of stress, a poor lifestyle, it just wasn’t worth it. I move to China, in 1 month I’m making 90k USD a year, paid transportation, paid living, amazing area, lots of other Americans, Germans, French coworkers, and lots of room for advancement. The grind is totally different. I guess I’m one of the few that “couldn’t make it” in the U.S. but in China I do fine, and employers are no stranger to the words “incentive” and “reward.” Theres a reason there are Millions of Expats in Shanghai. Most of them have degrees as well.
Posted by Stephen Allen on March 4, 2011 at 2:33 pm | permalink |
It’s NOT the Boomers, it’s the greedy executives of Corporate America who have sold us out to the world.
Posted by Teenage Jobs on March 20, 2011 at 6:44 pm | permalink |
The commits Agreeing to this article apparently can’t see the bigger picture. There’s suppose to be jobs for most levels earning a collage degree. You guy simply have the attitude of “I got mine, get yours.” Only ignorant to the facts of what’s really taking place. You better wake up,and realize what’s happening to us. If we don’t all come together to stop what’s happening to us. sooner, or later we are all going to feel the pain. If the next person to you is unemployed with little, or no means of income, that person haves less to no purchasing power, which means less to no business for the company you work for, I think you guys are smart enough to figure out the rest. For those that agree to this article.
Posted by Shon on May 28, 2011 at 2:45 am | permalink |
What a miserable piece of writing, even for 2008. Another idiot pretending to be in the know. Anyone asshole who spouts fluff like “Think big, ask a lot of the world, demand respect and fun and a high learning curve” is a fool to the worst degree.
Posted by Mshook12 on September 30, 2011 at 5:57 pm | permalink |
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Posted by top mistakes on December 11, 2011 at 12:15 am | permalink |