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

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

#121

Post by djhn »

jaredhansen wrote: post #114
downandout wrote: post #82

Most of the comments here focus on how people aren't trying hard enough to get jobs. This article indicates that the jobs don't exist and that the problem is likely to get far worse. You can try as hard as you want to get a job - if no one is hiring, you aren't going to get one. The reality is that as time goes on, the world's needs can and will be met by fewer and fewer people. This should be a good thing, but it wo…

>You can try as hard as you want to get a job - if no one is hiring, you aren't going to get one. True as far as it goes, and I too am concerned about the future of work, but I'm skeptical that we have ever seen, or will ever see, a future in which "no one is hiring". Today, there is tremendous demand for certain occupations, even as others are being hollowed out. The difference from historical expectations is that t…

> Said yet one more way: "make something people want."

Or for a less general form, more aimed at the future employee than the self-starter: develop skills to produce what people need.

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

#123

Post by FilterSweep »

jaredhansen wrote: post #114
downandout wrote: post #82

Most of the comments here focus on how people aren't trying hard enough to get jobs. This article indicates that the jobs don't exist and that the problem is likely to get far worse. You can try as hard as you want to get a job - if no one is hiring, you aren't going to get one. The reality is that as time goes on, the world's needs can and will be met by fewer and fewer people. This should be a good thing, but it wo…

>You can try as hard as you want to get a job - if no one is hiring, you aren't going to get one. True as far as it goes, and I too am concerned about the future of work, but I'm skeptical that we have ever seen, or will ever see, a future in which "no one is hiring". Today, there is tremendous demand for certain occupations, even as others are being hollowed out. The difference from historical expectations is that t…

> Today, there is tremendous demand for certain occupations, even as others are being hollowed out.

While that is true, these certain occupations tend to have a skillset or a depth of knowledge that most (not all) "classical" (here used as non-STEM) educations do not provide. As we progress forward, it becomes legitimately disingenuous to put green-behind-the-ears college students on an academic path that will undoubtedly lead them to unemployment at the end of that road.

And I hate to break it to you, even occupations that still enjoys a demand in hiring such as software / native-app engineering / web development are also to become more scarce as greater droves of students enter these fields and a global economy allows employers to find offshore work for cheaper.

> People "trying hard" to get jobs in technology almost certainly can do so. People "trying really, really, really hard" to get jobs in heavy manufacturing in the American midwest are probably going to have a hard time (as are would-be blacksmiths, weavers, scribes, typists, telephone operators and many others).

At what point do you begin to discredit everyone incapable of getting a job with "you aren't trying hard/smart enough" ? This is a bit of a hypothetical question - I'm not taking shots at your argument, but its something that is very important to ask of ourselves and of others.

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

#124

Post by cgearhart »

ap22213 wrote: post #76
nostromo wrote: post #23

Earlier quoted context omitted.

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 guarantee…

Back around 2000, when I saw education costs rising (and was a big believer in market forces), I figured more educators would enter the market, and things would stabilize. It's been 15 years, and I haven't seen any new colleges or universities formed. What happened?

The market did accommodate it. Lots of for-profit schools (Wyotech, Heald, etc.) popped up and made a killing largely by helping students fill out loan paperwork for the maximum allowable amount while providing a dubious credential without meeting the standards of reputable accreditation boards. The credits were not transferrable in most cases, and many of the schools have been shuttered for charges bordering on fraud. (A friend from HS owes more on loans for 18 months at Heald than I owed from a 4-year degree at a state school.)

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

#125

Post by Azew »

cryoshon wrote: post #90
downandout wrote: post #82

Most of the comments here focus on how people aren't trying hard enough to get jobs. This article indicates that the jobs don't exist and that the problem is likely to get far worse. You can try as hard as you want to get a job - if no one is hiring, you aren't going to get one. The reality is that as time goes on, the world's needs can and will be met by fewer and fewer people. This should be a good thing, but it wo…

Yeah, there's always some holdovers commenting from the era of easy jobs and easy money. Underemployment should be mentioned in any discussion of job difficulty; in the US, getting a job as a barista or fast food is possible, but a horrendous waste of a college education. It's really a shame that the US has decided to let its most educated generation ever suffer for its biggest strength.

> in the US, getting a job as a barista or fast food is possible, but a horrendous waste of a college education.

Maybe. Not all college educations are created equal. Got a major in philosophy? You're not useful to the economy, there are no jobs and no one is wasting your education. Of course the example here is facetious, the point is this: If you have a college education/degree in something that is not marketable to the economy, the waste is not the economies fault, but that of whomever pursued that education.

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

#126

Post by daenz »

icelancer wrote: post #97
downandout wrote: post #82

Most of the comments here focus on how people aren't trying hard enough to get jobs. This article indicates that the jobs don't exist and that the problem is likely to get far worse. You can try as hard as you want to get a job - if no one is hiring, you aren't going to get one. The reality is that as time goes on, the world's needs can and will be met by fewer and fewer people. This should be a good thing, but it wo…

> Most of the comments here focus on how people aren't trying hard enough to get jobs. This article indicates that the jobs don't exist and that the problem is likely to get far worse. The reality is that BOTH are true. There is no law stating that each generation of humans should have it easier and with more resources available to them. My generation is facing this crisis, and the default response is to complain. Wh…

> There is no law stating that each generation of humans should have it easier and with more resources available to them.

This is pie-in-the-sky thinking, but maybe there should be a law. Corporations have a legal duty to shareholders to make money. Why shouldn't our government have a legal duty to society to increase our resources and make things easier for each generation?

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

#127

Post by hiram112 »

lisper wrote: post #47
nostromo wrote: post #23

Earlier quoted context omitted.

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 guarantee…

> But I can't think of a way that the bubble could actually pop. Or what it would look like if it did. It would look like a social movement. It would look like tens of millions of young people realizing that they have fallen under the yoke of life-long indentured servitude to the older generation, and either 1) getting organized enough to get the law changed or, 2) saying "fuck it, I've got nothing left to lose" and…

The government will eventually realize that the defaulted loans, together with penalties and fees, can never be paid back - no different than the typical house flippers of 2008 who leveraged themselves to the hilt with multiple properties.

The banks and funds that own these defaulted loans will threaten to take down the whole system, including Main Street's pension and IRA savings, unless they're bailed out. The Fed's printing machine will come to the rescue.

Loans won't be 'forgiven' per se, but just like many defaulted mortgages, the debt will simply not be enforced for those that have the balls to simply stop paying, though life will be a PITA for a while as their credit takes a huge hit for the next decade.

Those that do continue to pay will feel like suckers. The rest of us will curse the lazy bums who got off without paying. Wall Street execs will be handsomely rewarded for having saved their firms from catastrophe, while politicians will preach of reform, only to pass watered-down laws to appear proactive.

Due to the money printing, the average American will see his quality of life decrease relative to the rest of the world; meanwhile, Wall Street will begin moving money into the next hot idea that can be leveraged with no risk to themselves.

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

#128

Post by fluidcruft »

mhurron wrote: post #101
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…

> secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at What's the point? No seriously, other than stroking the ego of the interviewer with a 'please sir, I am just dying to work here because you're so awesome and I'm not worthy.' Especially at entry level, one job is pretty much the same as the other. I am not applying because working here i…

That's a pretty ridiculous attitude. Just hire yourself -- clearly your opinion is the only opinion that matters and moving money from someone else's pocket into your own is ultimately all about about your feels.

Where's the hustle?

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

#130

Post by cryoshon »

caskance wrote: post #106
edgyswingset wrote: post #33

Earlier quoted context omitted.

As a recent college grad who went to a community college and then a run-of-the-mill state school, my experience and general impression from my peers was that unless you shotgun as many job applications as possible, you're probably not going to hear back from anyone. My own hypothesis is that most companies are so obsessed with a potential "false positive" hire that they're perfectly okay with not investing in a new g…

What you're seeing is actually the opposite problem. That candidates aren't obsessed enough with a potential "false positive" hire where they end up working somewhere they don't actually want to work. You can't tell me that someone applying for 40 positions a week truly wants to work at all 40 of those places. Primarily, the candidate just wants any job he/she can get because of the fear of unemployment.

"Fear of unemployment" is a necessary abstraction, but consider what unemployment actually means.

Let's say you are unemployed, and living with your parents-- a very common situation for this generation. You're getting bled each month by your student loans, even if you no other bills, which you probably do. The candidate wants to work at any one of those 40 places, because otherwise they go into default and ruin their credit and probably their parents' credit too.

If you don't live at home, the stakes are losing your apartment or car. This isn't some unreasonable fear; bills need to get paid, and there's an entire generation that is struggling to do so because their largest bill just won't go away.

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