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

bloomberg.com

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

#391

Post by learc83 »

s73v3r wrote: post #330
learc83 wrote: post #266

Earlier quoted context omitted.

That's never going to happen. Too many people are affected for congress not to act before the tax bill comes due. The economic effects are too large for them to ignore.

Much like the economic effects of not passing a budget, or the economic effects of a temporary government shutdown for petty reasons?

Most people don't really care about government shutdowns because it doesn't directly cost most people much money. And, even then you'll notice the government never stays shutdown.

If government shutdowns meant a huge chunk of the voting population (across both parties) was suddenly going to owe thousands of dollars in extra taxes, you can bet they'd never happen.

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

#392

Post by PebblesHD »

This is a truly massive global issue and it hits quite close to me. I've been absolutely lucky in going to university and getting a reasonably promising role in a financial institution whilst studying. The flip side has happened to my brother who at this point is stuck doing menial jobs to pay for food and transport to get to university whilst he collects debt for going. I've had conversations to the effect of 'I actually cannot afford to go to class today or ill be losing another few hundred dollars i need for food' which is not a though ANY young person should have to face. The system needs immediate change for the future of our current society.

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

#393

Post by coldtea »

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.

No, but it's an absolute shame and a complete failure that this is has not been the case during the past 30 years with the resources and technology available to us and with the total wealth (of course distributed unequally) growing up.

I'm not talking about Third World either -- things might have been better there, but then again they started from a pretty low bar.

I'm about the US, Western Europe, etc.

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

#394

Post by nickbauman »

roymurdock wrote: post #143
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…

Speaking for myself (as a 22 year-old recent graduate) - I was brought up to respect my elders and to consider society as a mostly-altruistic, benevolent mass of humanity with a conscience bent more towards justice and meritocracy than corruption and inequality. I believed that the older generation who shape and structure society through government, industry, and academia were doing their absolute best to set future…

Peter Norvig's Economics Simulation is informative in this case. Without forced redistribution, most OECD nations will become 3rd world eventually. It's a mathematical certainty. Even with forced redistribution, the rich still get and stay rich.

http://nbviewer.ipython.org/url/norvig.com/ipython/Economics...

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

#396

Post by hollaur »

logfromblammo wrote: post #325
cableshaft wrote: post #138

Earlier quoted context omitted.

You're doing a cost-benefit analysis on a completely arbitrary guess and then using that as the basis for your conclusion? That doesn't work, sorry. For example, what if in actuality, all other things being equal, they had a 1 in 10 chance focused vs. 1 in 300 chance sanitized, then the results would be 100% chance for the focused versus 33% chance of a response with the sanitized ones. I just used the same thing you…

That's not how probability works. 10 trials with a 10% success rate yields a 65.13% chance for at least one success. 100 trials with a 0.33% success rate yields a 28.39% chance for at least one success. You have to use the binomial probability theorem to determine any particular number of hits. trials! / ( successes! * failures! ) * P_success ^ successes * P_failure ^ failures

I actually read an article on Medium that goes into this in-depth. It's not published anymore, but I had it in a G-Doc, which I linked here:

https://docs.google.com/a/freelanship.com/document/d/1pnuE_b...

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

#397

Post by roymurdock »

fennecfoxen wrote: post #378
roymurdock wrote: post #322

Earlier quoted context omitted.

Sure, but if people were moving up on aggregate, we would see the middle class growing as children of the poor made their way up. Instead, we see the middle class shrinking, the poor growing, and the wealth collecting to a smaller proportion of the population as families are being pushed down due to the recession.

> Sure, but if people were moving up on aggregate, we would see the middle class growing as children of the poor made their way up. Eh, what you really want to look at is a series of cohorts moving on up as people grow older: a lot of US population growth is from immigration (legal and otherwise) who tend to have less income (which is why they immigrate), and from children born to recent immigrants (who have substant…

Ok, do you have the statistics at hand? What do they tell us?

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

#398

Post by saym »

zygomega wrote: post #333
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…

A major fault line in the current economic system is the concept of 'right to work'. The current structure presumes that the right to receive a proportion of economic goods of a society should be strongly associated with employment. But with most jobs are already meaningless from the viewpoint of economic productivity, the 'right to work' ethic concentrates power in the hands of the managerial classes in charge of jo…

> But with most jobs are already meaningless from the viewpoint of economic productivity

I'm not saying you're wrong, I'm just wondering if there's any research that's quantified this idea. I have no idea how you qualify meaninglessness and economic productivity.

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

#399

Post by tomp »

caskance wrote: post #354
tomp wrote: post #313

Earlier quoted context omitted.

> immediately stop looking for work [...] after they've found a stable job As opposed to what?! Any potential employer will ask you in an interview, "Why are you looking to leave your job so soon?". What are you going to say? "Oh, I'm just trying to find something better." - a surefire way to instill trust in your interviewer and get hired /sarcasm.

And anyone worried about not having a good answer to that question doesn't list the job they just started last month in their employment history.

I'm not sure it's that easy... At least in the UK, the employer will sooner or later find out about your previous employment, because you'll need to give the new employer some PXX tax forms.

In any case, I'm not sure being unemployed is actually that much better.

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

#400

Post by s73v3r »

danharaj wrote: post #66
thieving_magpie wrote: post #24

Earlier quoted context omitted.

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.

Or abolish governments and states.

I'd prefer not to live in an area controlled by battling warlords, thank you very much.
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