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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

#281

Post by rhino369 »

eastbayjake wrote: post #32
hueving wrote: post #11

Earlier quoted context omitted.

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.

Student loan debt won't create a crash, it has just been an enormous brake on the US economy for almost a decade now and we've grown so used to its effects that we don't really notice it anymore. Imagine how many young people would start a company or take a risky-but-educational job except that they need the liquidity and stability to make a student loan payment every month? You could get living expenses close to zer…

For federal loans (private loans are hard to get these days) the law is actually very reasonable.

You pay 10% of your (Income - 150% of poverty level). That's less than 10% of your income. And nearly zero for a lot of people. You pay it for 20 years and they wipe out the debt.

One huge problem is that people don't sign up for this system or instead just default. It's shocking that so many college graduates are sticking their head in the sand. It's a simple process. I've done it twice.

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

#282

Post by astrodust »

selimthegrim wrote: post #245
AnimalMuppet wrote: post #222

Earlier quoted context omitted.

> In fact I wouldn't choose to live anytime before the last 100 or 200 years. 1950 or later would have been my preference had I been given a choice. 1950 is the earliest that would be OK for me - I had cataracts. In a world before cataract surgery, I would be blind.

I'm pretty sure cataract surgery was around before 1950

A lot of surgery was extremely risky prior to modern anti-biotics.

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

#283

Post by fweespeech »

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. My generation is facing this crisis, and the default response is to complain. Which is fine for a few minutes or days, it's good to vent. But at the end of the day, that won't change anything. It's time to get to work, even if "work" is 20-30% (random number) tougher than what our parents dealt with. Assigning blame doesn't solve anything.

If there is only jobs for 90% of the population, 10% is fucked no matter what you do.

That is the reality we are facing. It isn't "harder" to work. It has become impossible for the entire working population to be employed full time.

That is a world of difference.

If the solution was simply to work 48-52 hour weeks, as you imply, people would do that.

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

#284

Post by totalrobe »

panglott wrote: post #192
icelancer wrote: post #97

Earlier quoted context omitted.

> 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…

It's simply true that, barring disaster, the next generation will have it easier with more resources for cheaper. This is because worker productivity continues to rise. More is produced with fewer hours worked. It's beyond me why it's taken as a given that the result should be a decreasing share of the number of people employed at a constant rate and an increase in the number of people unemployed, rather than say a d…

IMO depends on the type of job. In lower skill jobs you do see exactly what you're describing (more workers fewer hours).

In knowledge industries it's probably much more efficient to have fewer numbers of high performing individuals that are leveraging experience and domain knowledge as a productivity multiplier.

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

#285

Post by petra »

jleyank wrote: post #216
mygodtou wrote: post #184

Earlier quoted context omitted.

? Voting for the corrupt does nothing but legitimizes the process. Only money matters. Come up with a real solution because voting isn't it and I'm sick of hearing the same faulty advice.

Yeah, and if you don't vote you get what the money wants without a fight. If you work to create things like Uber, to solve a first-world problem such as "mediocre taxis" you should be able to work towards a communication system that can combat traditional marketing and its effect on voting patterns. Otherwise, you're just admitting it's "hard" and you don't want to work on "hard" problems...

>> work towards a communication system that can combat traditional marketing and its effect on voting patterns

We already did something like that. Obama got elected due to some internet based marketing innovations. Guess what happened next ? both parties copied those methods(AFAIK), and now we're at the same point, where resources matter.

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

#286

Post by czinck »

fecak wrote: post #190
klipt wrote: post #88

Earlier quoted context omitted.

Sounds like job applicants have the same problem that men have in online dating - no feedback from 99% no matter how much effort you put in, so in the end spamming seems like the most effective strategy.

>Sounds like job applicants have the same problem that men have in online dating - no feedback from 99% no matter how much effort you put in, so in the end spamming seems like the most effective strategy. And the same problem recruiters have when they don't get responses from potential candidates. If you wonder why you get 50 emails a week on LinkedIn, it's the same thing.

That's disingenuous. All the emails I get from LinkedIn are unsolicited and I take my normal approach to spam of not responding, because responding only makes the spam more likely. A better example would be someone putting their resume up on a job board (not a professional social network) and ignoring all the responses, which I have trouble believing anyone does.

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

#287

Post by JoeAltmaier »

[deleted] wrote: post #262
ChuckMcM wrote: post #211

These stories are always interesting to read, both from what they say, and what they don't say. For example, do you know that world wide there is a shortage of people in various trades roles[1] ? (Welding, masonry, carpentry, electricians, etc) And why are their young people who are loading up on debt they can't afford to go to Ivy league schools when they can be just as successful going to state schools? How much pa…

[deleted]

Ah, the old "I've got mine" philosophy. I'd like to see a solution that doesn't add up to "Screw developing countries". And I'm pretty sure what bringing work home means - you and I pay a buttload more for everything, because Westerners have to be well-paid.

And in the end, if every fat cat has to "bring the work home" then they all just raise their prices. Its not the 1% that get hurt; its all the rest of us.

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

#288

Post by djrogers »

cryoshon wrote: post #167
Azew wrote: post #125

Earlier quoted context omitted.

> 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…

I agree that the educations aren't created equal, but consider what these kids were told going into college: a college degree = a good job. The nuance of "the economy can't support liberal arts majors" didn't crop up with gusto until after the economy crashed, and isn't even true-- the economy can't support a bajillion physicists or electrical engineers either, nevermind that most people aren't cut out for it.

> The nuance of "the economy can't support liberal arts majors" didn't crop up with gusto until after the economy crashed

I'm not sure where you live/work/play, but I've been hearing this since I was in high school in the 90s. There was a strong push for us to get practical, applicable degrees - business, accounting, CS/IS, engineering, etc. unless one wanted to become a professor of liberal arts.

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

#289

Post by [deleted] »

cryoshon wrote: post #167
Azew wrote: post #125

Earlier quoted context omitted.

> 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…

I agree that the educations aren't created equal, but consider what these kids were told going into college: a college degree = a good job. The nuance of "the economy can't support liberal arts majors" didn't crop up with gusto until after the economy crashed, and isn't even true-- the economy can't support a bajillion physicists or electrical engineers either, nevermind that most people aren't cut out for it.

[deleted]
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