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This recession is the result of years of eliminating jobs that existed before globalization took over. The workers didn't go away only the jobs did. The only remaining jobs are in the service sector, consequently the only sector that never had a significant labor shortage. With fewer jobs and greater competition wages can only go down. That's what we have been seeing for the last 25 years.
Bubble economies like in the late 90's and all through the 2000's masked the real problem. In the 90's IT jobs were all the rage. Dot Coms were springing every few seconds and everyone was grabbing that golden ring. When that went bust real estate took over. Those displaced dot com workers went on to become, mortgage brokers, realtors, contractors, anything to do with housing to ride that wave. Others went on to wall street and banking. All connected to the current bubble. When it crashed there wasn't another bubble to take it's place or manufacturing infrastructure to soften the blow.
A country that doesn't produce more than it consumes is a country that is destined to fail.
Those displaced dot com workers went on to become, mortgage brokers, realtors, contractors, anything to do with housing to ride that wave. Others went on to wall street and banking. All connected to the current bubble.
Can you back this up with anything, or are you just making this up as you go along?
I am running into so many people who are unemployed or underemployed or not able to go back to college to gain job skills, or participate in professional development. All can be blamed on the recession.
I am starting to be concerned that maybe a whole generation of people may be hurt by this terrible economy. I am not talking about putting food on the table or paying the rent, most people will figure out a way to do that even if it involves working three minimum wage jobs. What I am talking about is the incredibly large number of Americans who are not able to do the type of work that they are talented in. Accountants and Financial Analysts who are working as Check Out Clerks for $7.00 an hour at the grocery store, Marketing Specialists working at Fast Food and IT Professionals working at Walmart. Or Engineers sitting at home all day watching television.
So many talented people with so many skills unable to use them. Isn't this one of the true causalities of the recession?
The potential of this spoiled, in it only for me generation is questionable at best, so not much has really been lost.
A The whoie generation generalizations do not apply to everyone. Also my friends are like me, thrirfty, no debt and able to do many things. Definately not spoiled and living off their parents.
When you talk about generations you are talking about a rather large group of people. The differences are between the generations are seen on the group level, on the individual level there is a large range of differences.
I am running into so many people who are unemployed or underemployed or not able to go back to college to gain job skills, or participate in professional development. All can be blamed on the recession.
I am starting to be concerned that maybe a whole generation of people may be hurt by this terrible economy. I am not talking about putting food on the table or paying the rent, most people will figure out a way to do that even if it involves working three minimum wage jobs. What I am talking about is the incredibly large number of Americans who are not able to do the type of work that they are talented in. Accountants and Financial Analysts who are working as Check Out Clerks for $7.00 an hour at the grocery store, Marketing Specialists working at Fast Food and IT Professionals working at Walmart. Or Engineers sitting at home all day watching television.
So many talented people with so many skills unable to use them. Isn't this one of the true causalities of the recession?
Challenging times for sure, but we will whine, complain, vote and riot until the system is forced to change for the better.
I am running into so many people who are unemployed or underemployed or not able to go back to college to gain job skills, or participate in professional development. All can be blamed on the recession.
I am starting to be concerned that maybe a whole generation of people may be hurt by this terrible economy. I am not talking about putting food on the table or paying the rent, most people will figure out a way to do that even if it involves working three minimum wage jobs. What I am talking about is the incredibly large number of Americans who are not able to do the type of work that they are talented in. Accountants and Financial Analysts who are working as Check Out Clerks for $7.00 an hour at the grocery store, Marketing Specialists working at Fast Food and IT Professionals working at Walmart. Or Engineers sitting at home all day watching television.
So many talented people with so many skills unable to use them. Isn't this one of the true causalities of the recession?
This is good thread.
One thiong I am in my early 40s.
I think Generation X, was HURT by the failing economy so the process of American declining began 30 years ago.
Even taking my ancedotal look at things, every one of my college friends--Ive stayed in touch with quite a few, and others, have done FAR WORSE then their parents, struggling struggling for a lack of good job.
I remember having teaching degree, and working at Arbys, I would get a professional job, but now the kids today dont. They have all these stupid tremendous student loans and the good jobs unless you have the right connections just are not there.
The manufacturing base of this country hsa been ruined, in fact we have all these over-educated people and no jobs. I believe the system of a job for every person is failing, there are simply TOO many PEOPLE and NOT ENOUGH NEEDED JOBS to go around. No I am not a Communist but this is a reality.
I think the old fashioned way of life is far better, but having seen a nice rural town nearly wiped out for lack of jobs, how can anyone even try to cling to what is true and right? Communities are breaking up and becoming more and more impersonal. I find myself reading Reminsce magazine, usually marketed to the over 70 crowd but I am 40 reading that magazine wishing I had lived back then. Im on the same page with tallrick.
I am of the opinion that young people are NOT prepared how hard it is to make a living and are given false dreams and illusions in their youth. I was raised by two parents who had good govt jobs, who told me work hard and youll get a good job, it just didnt pan out: I got the jobs but they never lasted, grants ended, lay offs etc. . But that is not the worse, all one has to do is watch True Life on MTV and see the endless parade of wannabe actresses, musicians, and other people who are given these huge dreams but do not realize how hard it is to make it, or connections needed. Public Schools are DUMBING everyone down too, looking for more conformity rather then creativity and innovation taht is going to be the death of America right there.
America is going to be another Brazil, with an extreme wealthy oligarchy supervising it all, making endless bucket loads of cash off of all the serfs.
I think Generation X, was HURT by the failing economy so the process of American declining began 30 years ago.
Even taking my ancedotal look at things, every one of my college friends--Ive stayed in touch with quite a few, and others, have done FAR WORSE then their parents, struggling struggling for a lack of good job.
I remember having teaching degree, and working at Arbys, I would get a professional job, but now the kids today dont. They have all these stupid tremendous student loans and the good jobs unless you have the right connections just are not there.
The manufacturing base of this country hsa been ruined, in fact we have all these over-educated people and no jobs. I believe the system of a job for every person is failing, there are simply TOO many PEOPLE and NOT ENOUGH NEEDED JOBS to go around. No I am not a Communist but this is a reality.
I think the old fashioned way of life is far better, but having seen a nice rural town nearly wiped out for lack of jobs, how can anyone even try to cling to what is true and right? Communities are breaking up and becoming more and more impersonal. I find myself reading Reminsce magazine, usually marketed to the over 70 crowd but I am 40 reading that magazine wishing I had lived back then. Im on the same page with tallrick.
I am of the opinion that young people are NOT prepared how hard it is to make a living and are given false dreams and illusions in their youth. I was raised by two parents who had good govt jobs, who told me work hard and youll get a good job, it just didnt pan out: I got the jobs but they never lasted, grants ended, lay offs etc. . But that is not the worse, all one has to do is watch True Life on MTV and see the endless parade of wannabe actresses, musicians, and other people who are given these huge dreams but do not realize how hard it is to make it, or connections needed. Public Schools are DUMBING everyone down too, looking for more conformity rather then creativity and innovation taht is going to be the death of America right there.
America is going to be another Brazil, with an extreme wealthy oligarchy supervising it all, making endless bucket loads of cash off of all the serfs.
Being a Xer myself and seeing the changes beginning almost 30 years ago I agree with you completely. I hear and see my neighbors and friends suffering terrible financial problems and can't help but feel the American dream was taken away from us long before we even got into the job market. My parents had it made. They had pensions, a good retirement package and job security. They had big houses, cars, boats and spent money lavishly. Those opportunities are gone. Many of us are now running around trying to make some sense of it all.
I recall in the 90's seeing the movie Clerks while at college. It reminded me of the part time at a local Rite Aid pharmacy I had every afternoon for four years during college. I kept thinking at the time that this lousy job was only temporary. As soon as I graduated I could find a real position in the real world. In the evening I filled my head full of studying, Grunge and my wife to be. I never thought at my age I would have to go back and work a job like the one I had during college, especially after earning two bachelors degrees and masters in education. There are simply too many people looking for jobs and not enough to go around. We began outsourcing jobs before I got out of high school and it is strangling the American worker. We are now at a cross roads. We can all either stand up and make changes or live with our parents and inherit their wealth after they die.
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