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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

#421

Post by raould42 »

verbin217 wrote: post #334
nostrademons wrote: post #263

Earlier quoted context omitted.

You don't see the people who are doing much better than their parents. The more self-aware of them know that there is nothing good that comes out of drawing attention to their good fortune. The less self-aware just assume that's how it is for everybody and don't think it's remarkable.

> The more self-aware of them know that there is nothing good that comes out of drawing attention to their good fortune. I'm part of this trend and I hate it. I have to be careful who I tell anything to. Many people dislike me for it. The world is so weird. I spend so much time pursuing utility via automation. It's so sad to see it mostly alienate people. Just as all of this stuff is becoming so easy and accessible.…

Please do tell re: automation. The first thing that comes to mind is trading. Or cue cards a la http://archive.wired.com/medtech/health/magazine/16-05/ff_wo....

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

#422

Post by parasubvert »

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"

That's highly debatable (the word "most", specifically). I've heard the argument before, but there is a reason we have labor productivity statistics that try to quantify this.

"A major fault line in the current economic system is the concept of 'right to work'."

This isn't just a fault line, this is the foundation of market economics for the purpose of human welfare. You participate in the economic system by trading your resources, e.g. land, labour/time, capital, and knowledge.

At first glance, we seemingly never have enough time in the developed world, so lack of jobs implies there seems to be a problem in the distribution and renewal of knowledge.

If a market can't work for the world's exchange problems, we're currently fucked as to a lack of functional and pareto efficient alternatives.

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

#423

Post by delibes »

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…

http://marshallbrain.com/manna1.htm

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

#424

Post by zo1 »

roymurdock wrote: post #322
nostrademons wrote: post #263

Earlier quoted context omitted.

You don't see the people who are doing much better than their parents. The more self-aware of them know that there is nothing good that comes out of drawing attention to their good fortune. The less self-aware just assume that's how it is for everybody and don't think it's remarkable.

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.

That sounds like it would only apply if the relative population growth of each group was similar. The statistics say it's not, even with child-mortality rates, the poor outnumber the rich and that gap is increasing in number.

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

#425

Post by joe5150 »

matwood wrote: post #331
relevanttoad wrote: post #64

Earlier quoted context omitted.

>> You apply for a bunch of jobs, maybe you'll hear nothing back, or when you do, it feels random and disjointed. Then apply for places where you actually see yourself wanting to work; even if it's McDonalds, people need to eat, a career in the food service industry might be rewarding if that's what you find you like doing. Or join the military, every country needs a strong military. Or join a non-profit, build a res…

> Or join the military, every country needs a strong military. It's funny how looked down upon this is. If I said, hey come work for me for 4 years. During that time you will get paid, get lodging and likely do some traveling. Oh, and you'll learn some skills. If you want to go to college up front and be an MD for example, I'll go ahead and pay for that and you can work for me for 6 years after gaining valuable exper…

It's perfectly reasonable to not want to work for the military in any capacity.

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

#426

Post by tomp »

ap22213 wrote: post #412
tomp wrote: post #329

Earlier quoted context omitted.

> and was a big believer in market forces A non-market force happened. The government started guaranteeing student loans. Although honestly, even without that, I don't think people are good enough in estimating the extra payoff of education they haven't received yet over their 30+ years long career in the future, to properly evaluate the market value of college education; instead, they were just believing the old man…

Wait - wouldn't that cause more demand and thus more opportunity on the supply side?

Exactly - more demand, and thus a rising price - as has happened in recent years.

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

#427

Post by lujim »

VLM wrote: post #179
lujim wrote: post #94

Earlier quoted context omitted.

Life before money was "solitary, poor, nasty, brutish and short". 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. For how much we all like to armchair quarterback our current system (yes.. capitalism), it's easy to forget how bad 99.9 percent of the human experience on this planet would have sucked comparatively. That's…

"solitary, poor, nasty, brutish and short" Isn't this also our future? The future is unevenly distributed... Detroit hasn't reached you yet, but its only a matter of time.

Ha! Ironically enough I was born, raised, and currently live in Detroit (albeit the suburbs). I have worked in the city right next to Comerica Park (Maybe next year Tigers).

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

#428

Post by thret »

collyw wrote: post #241
sjg007 wrote: post #169

Earlier quoted context omitted.

This is why young people need to vote.

For one of two paries that are essentially the same? Obama made a lot of big prommises before getting into power. He hasn't followed through on many of them at all.

In Australia everyone has to vote. I think this is as it should be - voting isn't just a right, it is a duty. But of course the entire system is flawed because it seems to make no difference who you vote for. Team A and Team B play exactly the same game.

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

#429

Post by ChuckMcM »

fweespeech wrote: post #419
ChuckMcM wrote: post #376

Earlier quoted context omitted.

In my opinion, you are conflating cause and effect, but per an earlier comment I made it is incorrect for anyone to believe that their passions are not shared by others. And when those others have more money than time, that is how they "help." If you run for office in the US, you will form an organizing committee. And you will put in your organizing documents the things you believe should be true about the world that…

> In my opinion, you are conflating cause and effect, but per an earlier comment I made it is incorrect for anyone to believe that their passions are not shared by others. And when those others have more money than time, that is how they "help." If its okay with you, I'll go with the people with doctorates in the field over your opinion on the internet. Out of curiosity, how many academic papers would it take saying…

I am really glad you invested some time and effort into making things better, and I'm sorry it didn't work out the way you wanted it too. But it sounds a bit like you're sort of "one and done" here on trying things, is that the case?

It isn't easy, and it takes a while to learn all the tricks that you have to be aware of, but anything worth doing is like that right? I hope you won't give up trying, learned helplessness is a terrible terrible place to be.

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

#430

Post by zo1 »

rorykoehler wrote: post #172
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…

The world's needs are not being met. Only the needs of the capitalist who wants to turn a profit. I can think of a million and one things we should be doing but won't because of money.

>"I can think of a million and one things we should be doing but won't because of money."

So can I, a staunch anarcho-capitalist that believes we should have no state at all. I pay taxes and I expect the poor, sick and hungry to be taken care of. No questions asked, no complaints about budget.

But let's be honest... It's not capitalism or capitalists that are letting the poor starve. Just because there are greedy people out there, doesn't mean the government get's a free-pass on not fulfilling the duties we entrusted to it.

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