It is grim with the exception when you live in Germany or Switzerland.
Hop Schweiz!!!
But seriously, let's not forget about Luxembourg or Lichtenstein!
The world needs at least 600M new jobs in the next decade for young people
21–30 of 491 posts
Re: The world needs at least 600M new jobs in the next decade for young people
#22Disclaimer: 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.
He was referring to interviewees; ostensibly the interviewee has "heard back" from the potential employer, thereby landing an interview.
It is at this point, IMHO, the interviewee should at least pretend to give a shit about the place that has risen above the silence that candidate had heard to date, and opted to spend the time to interview them.
Re: The world needs at least 600M new jobs in the next decade for young people
#23Student 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.
I agree that student loan debt seems like an asset bubble -- in that the price of an education greatly exceeds the valuation justified by the fundamentals.
But I can't think of a way that the bubble could actually pop. Or what it would look like if it did.
Unlike housing, you can't walk away from your education; student loans are designed to prevent debtors from ever escaping their obligations. They're also guaranteed by the federal government, which has seemingly infinite resources.
Educational institutions themselves are also either private, or are state-run, both of which would shield the impacts of a collapse from the average citizen. The average citizen isn't invested in education like they were in public tech companies or housing. It's also impossible to short Harvard or the UC system.
I actually think this is worse in some ways. Bubble pops are scary, but the bandaid comes off quickly. Instead I fear educational indebtedness will just be a silent vampire on our economy for decades to come.
Re: The world needs at least 600M new jobs in the next decade for young people
#24> The world needs at least 600 million new jobs in the next decade for young people Or, perhaps, the world needs to stop coupling basic human needs for subsistence and dignity to wage labour, and find some better way of doing things.
It's so easy! Why has no one thought of this? All we need to do is convince every government in the world to undertake dramatic changes to their economic and labor structure.
Re: The world needs at least 600M new jobs in the next decade for young people
#25Student 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 loan debt isn't dischargeable in bankruptcy, but their are income based repayment plans.
You can pay back either 10% of your discretionary income, for 20 years and then the remaining balanced is forgiven (if a balance remains).
Discretionary income is defined as the difference between your income and 150% of the federal poverty level. If you have 200k in student loans, but only make 30k a year because you can't find a job better than starbucks, you'll only pay about $100 a month. If you have a spouse and a kid, you'll pay nothing.
*note these number depend on when you borrowed. Older loans have to pay 15% for 25 years instead of 10% for 20 years.
Re: The world needs at least 600M new jobs in the next decade for young people
#26Disclaimer: 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.
GP said he was interviewing people. Surely you can care when you go into an interview?
Re: The world needs at least 600M new jobs in the next decade for young people
#27Disclaimer: 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'd be curious if you are seeing the results of 'shotgun' style job searching. Sending your resume anywhere and everywhere with the hopes of getting a callback. I imagine that would make it difficult to research every possibility.
at the interview stage?
Re: The world needs at least 600M new jobs in the next decade for young people
#28Disclaimer: 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'd be curious if you are seeing the results of 'shotgun' style job searching. Sending your resume anywhere and everywhere with the hopes of getting a callback. I imagine that would make it difficult to research every possibility.
I believe this is definitely true, but I'm speaking of the first initial interview as well. It's not quite as bad as the top of the funnel, much higher quality, but still not the level of effort I was hoping for.
Re: The world needs at least 600M new jobs in the next decade for young people
#29Disclaimer: 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 think fear of unemployment as a motivator (or perhaps most kinds of fears) only works in brief, dramatic, and largely unhelpful spurts. So when I look at people who are doing a shoddy job of caring about the particulars of their (potential) job, I always think "is this something that they want to do or at they they are forced to do stave off unemployment?" To respond more effectively: grim prospects only increase t…
"To respond more effectively: grim prospects only increase the pool of applicants, and decreases their average desire to do the job you ask for."
I think that's spot on.
Re: The world needs at least 600M new jobs in the next decade for young people
#30> The world needs at least 600 million new jobs in the next decade for young people Or, perhaps, the world needs to stop coupling basic human needs for subsistence and dignity to wage labour, and find some better way of doing things.
real shit