The world needs at least 600M new jobs in the next decade for young people • Hacker News Board

Re: The world needs at least 600M new jobs in the next decade for young people

#11

Post by hueving » Tue, Oct 13, 2015, 5:46 PM UTC

maresca wrote: post #3

Student loan debt surpassed credit card and auto loan debt in the US last year. Many college grads graduate with large sums of debt and can't find relevant jobs. Since student loan debt isn't forgivable, it'll be interesting to see the effect of this over the next decade. I have a hunch that the next big market crash will be caused by student loan debt.

Student debt has been thought to be the next crash, but I'm not sure how unless the laws change. It's not dischargable in bankruptcy so it's not like you can walk away.

Re: The world needs at least 600M new jobs in the next decade for young people

#12

Post by zyxley » Tue, Oct 13, 2015, 5:48 PM UTC

jonathanjaeger wrote: post #5

Disclaimer: This is purely anecdotal, and not backed by any data. I'm in my mid-twenties and just recently started interviewing people for the team I work on. It's amazing how little effort many seemingly qualified people put in to secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at, or finding someone to give a second set of eyes on a cove…

> It's amazing how little effort many seemingly qualified people put in to secure an entry-level job.

That would be because when you're applying to a huge number of jobs per week and get no response for almost all of them, it gets really hard to actually care about any of them.

Re: The world needs at least 600M new jobs in the next decade for young people

#13

Post by sosuke » Tue, Oct 13, 2015, 5:49 PM UTC

What qualifies as an adult anymore?

  people 15 to 29 years old are at least twice as likely as adults to be unemployed

30 is adulthood in their interpretation of the data.

Re: The world needs at least 600M new jobs in the next decade for young people

#14

Post by Retra » Tue, Oct 13, 2015, 5:49 PM UTC

jonathanjaeger wrote: post #5

Disclaimer: This is purely anecdotal, and not backed by any data. I'm in my mid-twenties and just recently started interviewing people for the team I work on. It's amazing how little effort many seemingly qualified people put in to secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at, or finding someone to give a second set of eyes on a cove…

One of the problems with the this process is that the information that would drive behavior-driven feedback is not usually correlated with the behaviors you use to interact with the environment. You apply for a bunch of jobs, maybe you'll hear nothing back, or when you do, it feels random and disjointed. I have a nice job, but I can't tell you that it's a result of hard work more than it is luck. I can tell you that all the people I have worked with have praised me for being highly valuable to them, but the people who didn't hire me... what impressions can I make of them?

That they don't know what they're doing? Or that I don't know what I'm doing? Neither of these is a morale booster.

Re: The world needs at least 600M new jobs in the next decade for young people

#15

Post by tsunamifury » Tue, Oct 13, 2015, 5:49 PM UTC

newobj wrote: post #9

jonathanjaeger wrote: post #5

Disclaimer: This is purely anecdotal, and not backed by any data. I'm in my mid-twenties and just recently started interviewing people for the team I work on. It's amazing how little effort many seemingly qualified people put in to secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at, or finding someone to give a second set of eyes on a cove…

I'm 40, and have seen shitty resumes/interview efforts my entire life. It seems to have no relationship to economic conditions. Most people just don't seem to ... try very hard? Wish I had something more insightful to say after almost 20 years of observation.

My opinion on the matter is that every employer has unique expectations that they pretend are industry standard and obvious. I'll relate this to your statement by saying, they don't know how to try because interviews as a process are like crossing a field of landmines.

Too much academic work or management responsibility, they call you overqualified. To little: they say you aren't trying.

Enthusiastic for a low end job: we shouldn't hire them because their expectations are too high. To low of energy: they aren't the right fit.

This goes on and on and on as hirers act like their individual set of criteria bias are obvious -- likely because the interviewer themselves has limited experience.

Most people do best when they are told what to do in blind situations. Help them out with a few tips on what to expect and I'm guess you'll find much better applicant quality.

Re: The world needs at least 600M new jobs in the next decade for young people

#16

Post by ForHackernews » Tue, Oct 13, 2015, 5:51 PM UTC

jonathanjaeger wrote: post #5

Disclaimer: This is purely anecdotal, and not backed by any data. I'm in my mid-twenties and just recently started interviewing people for the team I work on. It's amazing how little effort many seemingly qualified people put in to secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at, or finding someone to give a second set of eyes on a cove…

The cover letter and resume are going to be read by a keyword-scanning algorithm, not a human being, anyway.

In my experience, the main way anyone gets a job is through personal connections. The cover letter and resume are like some weird archaic relic of a bygone era. As a formality, you have to submit them to some online system, but only after you've already interviewed and been offered the job. They're like paper thank-you notes for wedding gifts: The forms must be obeyed.

Re: The world needs at least 600M new jobs in the next decade for young people

#17

Post by jcslzr » Tue, Oct 13, 2015, 5:51 PM UTC

jonathanjaeger wrote: post #5

Disclaimer: This is purely anecdotal, and not backed by any data. I'm in my mid-twenties and just recently started interviewing people for the team I work on. It's amazing how little effort many seemingly qualified people put in to secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at, or finding someone to give a second set of eyes on a cove…

its because when unemployed it is hard to deal with things, it seems like stress makes you dumb or inactive

Re: The world needs at least 600M new jobs in the next decade for young people

#18

Post by JupiterMoon » Tue, Oct 13, 2015, 5:51 PM UTC

hueving wrote: post #11

maresca wrote: post #3

Student loan debt surpassed credit card and auto loan debt in the US last year. Many college grads graduate with large sums of debt and can't find relevant jobs. Since student loan debt isn't forgivable, it'll be interesting to see the effect of this over the next decade. I have a hunch that the next big market crash will be caused by student loan debt.

Student debt has been thought to be the next crash, but I'm not sure how unless the laws change. It's not dischargable in bankruptcy so it's not like you can walk away.

Will living in permanent default become the new bankruptcy? Also what happens to your US student debt if you move abroad and stop paying it?

Re: The world needs at least 600M new jobs in the next decade for young people

#19

Post by AnimalMuppet » Tue, Oct 13, 2015, 5:52 PM UTC

I recently saw an article (don't recall where, but I think it was based on a World Bank report) that indicated that the fraction of the population aged 18-65 had peaked in 2012. That was part of the problem - more people were of working age. But demographically, that's going to be less and less true as we move forward; perhaps that will soften the conclusions of this article.

Re: The world needs at least 600M new jobs in the next decade for young people

#20

Post by debaserab2 » Tue, Oct 13, 2015, 5:52 PM UTC

maresca wrote: post #3

Student loan debt surpassed credit card and auto loan debt in the US last year. Many college grads graduate with large sums of debt and can't find relevant jobs. Since student loan debt isn't forgivable, it'll be interesting to see the effect of this over the next decade. I have a hunch that the next big market crash will be caused by student loan debt.

Depending on the loan, student loan debt can be forgivable: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancell...