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No, because from 1997-2000, the global economy was just taking shape. China was just beginning to emerge as the world manufacturer. Meaning a lot of low wage jobs were still in America. So the less educated low skill workers didn't feel the pinch as much. In fact, most of them were doing quite well.
2005-2007. There were a minority who were saying that a recession is looming and things are looking gloomy (most of them liberals), and the majority who thinks the good time is going to last forever. Things were beginning to crack by 2006 and more and more analysts were predicting a recession (they had no idea how bad it would turn out to be). The housing boom kept a lot of low-wage workers employed so people like Joe the Plumber thinks things were fine. But this period is also a job-loss recovery with stagnant wages and traditionally higher-paying jobs beginning to get outsourced - meaning it was the white-collar workers mostly in coastal cities who felt the pinch first, while the lower wage or blue collar workers were riding the housing boom. The hedge fund class also were raking it in due to the stock market. So while there were complaints, they were dismissed as liberal rant by the traditionally conservative professions (Wall Street and blue collar workers).
Now - the digital age creates a mismatch of jobs and people with the right skill. Gone are the days when someone with no skill but the right attitude can make a living. Even as a blue collar work, you need the right skill to operate machine etc, to get hired. This creates a situation where many jobs were unfilled and many workers who need jobs incapable of filling them. US is transitioning to a full-blow high skill/high wage economy, those who get left behind needs someone to blame.
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Big liberal thinking and vision for the country, yet ironically they are the 1st to run to a city like Baltimore and tout " racial and economic injustices".
Hate to break the reality to you, but 70% of these "supposedly high skilled jobs" don't require degrees. They never really did. Its the enslavement of the working class through debit. Kids are getting degrees and up to their eyeballs in loans while making peanuts at some I.T job that pays 40k a year.
Also, a lot of people have lost benefits. I didn't lose my health insurance, but my employer scaled back my insurance as it was a Cadillac plan and would get nailed by the Obamacare tax on good health plans as some of the teachers would be over the limit with too much money spent on them. Now I have to pay more for health care needs, even though I work in a poor public school and make below average pay for a teacher in my state.
The Obamacare Tax doesn't take effect until 2018, but the provider gave my school a discount if they jumped early to the new plan by 2016. Thanks Obamacare.
Big liberal thinking and vision for the country, yet ironically they are the 1st to run to a city like Baltimore and tout " racial and economic injustices".
Hate to break the reality to you, but 70% of these "supposedly high skilled jobs" don't require degrees. They never really did. Its the enslavement of the working class through debit. Kids are getting degrees and up to their eyeballs in loans while making peanuts at some I.T job that pays 40k a year.
That's the problem right now.
Federal Government is actively hiring and seeking young people and most agencies will pay your student loan.
The job market and employment stinks for people with only a high school diploma or less. Economic opportunity and even the health of people in that group is in decline.
Here's a quick but interesting read about the Pessimism of White Working Class American's, and why they have latched on to a candidate like Trump.
You have to be either educated or skilled to get a job. You can't be uneducated and unskilled.
The job market and employment stinks for people with only a high school diploma or less.
That's very wrong. Look at places like Asheville, NC you have people with PHD's/Master/Bachelor degrees waiting tables.
I would bet that bigger cities like N.Y jobs are better. We are living in South Georgia & taking care of my mom & jobs here SUCK! My wife took a job here paying less $5 an hr more then she where she was working before. Same type of job but way less pay then before. Down here it's WHO you know not WHAT you know. It really comes down to where you live in the end. Despite ones education or lack of everyone is having to get jobs where pay is almost min wage. We all have to work now we have to work the same as before for less money. It's not always black & white.
i haven't read this entire thread but the job market is not "on fire" and you can hardly believe any statistic the govt. puts out. do you know how they measure employment/unemployment? - they "choose" a segment of the population and call them up and ask them a bunch of questions -- survey them. then the results get "adjusted". media is in bed with govt. so they spin it the way they are told.
That's very wrong. Look at places like Asheville, NC you have people with PHD's/Master/Bachelor degrees waiting tables.
I would bet that bigger cities like N.Y jobs are better. We are living in South Georgia & taking care of my mom & jobs here SUCK! My wife took a job here paying less $5 an hr more then she where she was working before. Same type of job but way less pay then before. Down here it's WHO you know not WHAT you know. It really comes down to where you live in the end. Despite ones education or lack of everyone is having to get jobs where pay is almost min wage. We all have to work now we have to work the same as before for less money. It's not always black & white.
Location is key and demand for the field that you are in as well. Many young people go to high stress cities to make money, but they do not plan to stay there forever. Some save while making a decent salary, and go somewhere else eventually stress-free and endure a lower salary, start families, etc. You have to have a plan and hope that it is not interrupted by things unseen.
The linked article above says the job market is on fire. Though if you look at the comments not one of the readers believe it. They say because their family and friends don't have great job, the government data is flawed, or at worst- a complete lie.
Does anyone remember what the people online used to say when there were articles about the low unemployment rate during the last booms with offical unemployment rates in the years 1997-2000 and 2005-2007. Did the people complain about the job market back then too?
I feel good for anybody who gets a job.
Saying that, the "report"( from the Obama admin and Obama's people NEVER lie or leave out important info)
does NOT say WHAT those jobs were. OR how much they paid.
We know from past reports when others look at the same data they find MOST of those jobs are part time and minimum wage.
Federal Government is actively hiring and seeking young people and most agencies will pay your student loan.
you mean taxpayers will foot the bill for your student loan... so go to school, rack up tens of thousands of govt. backed student loans, and then get a job paid by taxpayers who will forgive the loan they gave you. democratic socialism is here already.
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