Earlier quoted context omitted.
What a goofy thing to think. Effective minimum wage(that is, min. wage adjusted for inflation) has been slowly declining for decades. Minimum wage isn't getting higher, it's getting slowly lower.
> Effective minimum wage(that is, min. wage adjusted for inflation) has been slowly declining for decades. Minimum wage isn't getting higher, it's getting slowly lower. This is simply not true. Minimum wage was introduced in 1938, and was for a whopping $0.25 per hour. This is about $4.22 per hour in 2016 dollars. Federal minimum wage is currently at $7.25. Some states have even higher minimum wages, with California…
It’s a Tough Job Market for the Young Without College Degrees
21–30 of 101 posts
Re: It’s a Tough Job Market for the Young Without College Degrees
#22Was it ever a good job market for the young without college degrees?
Plenty of growth in HVAC, electrician, and plumbing fields. And even in a downturn these jobs are still needed and cannot be outsourced.
Re: It’s a Tough Job Market for the Young Without College Degrees
#23I don't understand the 17 to 24 age range for the college degree statistic. Isn't the percentage for anyone under 21 practically zero? Seems like that would be skewing the statistic pretty dramatically.
Mapping all that together gives you this result.
Most studies that aren't about age-specific tasks or topics will gradiate on 17-20 / 20-24.
Remember all those studies that look at teenage pregnancy rates in the 17-20 age? Heh, studies of studies.
Re: It’s a Tough Job Market for the Young Without College Degrees
#24Earlier quoted context omitted.
> We should do away with it and replace it with basic income So instead of encouraging (or mandating?) young folks get trained or educated (or both!), we simply give them money for existing? I don't see how that solves the bigger issue. We, as a society, are very good at band-aid solutions (like minimum wage from the get-go). We're not good at solving the real hard problems. The real hard problem here is folks are ge…
> The real hard problem here is folks are getting neither a good education, nor are being trained for highly skilled jobs. Folks want to have a cake, and eat it too. Or there are aren't enough jobs? What are you going to do? Will good jobs into existence? That's not going to happen. > however we do know (and mostly agree) that a shrinking workforce will not be able to sustain a BI. Completely wrong. We already harves…
That's the thing about higher education and/or highly skilled training. It enables the creation of more jobs. (A job can be self-employed).
And to that end, we have jobs, plenty... but we don't have folks willing (or qualified) to fill them. This is inside the "bubble", but there's very few software companies that are not constantly hiring. We simply don't have enough qualified engineers to fill all the available seats. I'll concede that there are certainly fields where jobs are disappearing, and as you hinted, this is part of the "new economy". We need these folks (and our young generation) to gain new skills that are more useful in this new economy. Sure, many things will become automated, but we need folks to create the automation. (and no, I don't believe doctors nor lawyers will ever fully be automated, as these are not just knowledge/task-based skillsets).
> I don't need to take from you to give to someone else because what you offer (your labor) would no longer have value
This is not how an economy runs. The government can't print money to hand out, so it must come from someplace. This someplace is taxes, paid for by the workforce in majority (payroll tax + income tax equal about 80% of federal revenue[1]). If this workforce shrinks, so does federal revenue, which means not enough funds to support a BI long term (this is part of the reason a BI has never been implemented, even though it's a very old idea. We have to wait and see how it works out for the volunteer test nation in the long term...).
> Basic Income is easy when automation and clean energy are doing the heavy lifting
This goes back to my earlier point. We need fewer low skilled laborers, instead replaced with more highly skilled laborers. We need folks to design and implement the robots that will eventually build all these other things. We'll always have a human workforce - but the landscape of "work" is indeed changing.
[1] http://www.cbpp.org/research/policy-basics-where-do-federal-...
Re: It’s a Tough Job Market for the Young Without College Degrees
#25Re: It’s a Tough Job Market for the Young Without College Degrees
#26Earlier quoted context omitted.
> Effective minimum wage(that is, min. wage adjusted for inflation) has been slowly declining for decades. Minimum wage isn't getting higher, it's getting slowly lower. This is simply not true. Minimum wage was introduced in 1938, and was for a whopping $0.25 per hour. This is about $4.22 per hour in 2016 dollars. Federal minimum wage is currently at $7.25. Some states have even higher minimum wages, with California…
It has been getting lower until these increases have kicked in (as they should! without them, everyone else is getting labor at an artificial discount).
Re: It’s a Tough Job Market for the Young Without College Degrees
#27Earlier quoted context omitted.
You're right. Minimum wage is a hack from a previous era. We should do away with it and replace it with basic income.
> We should do away with it and replace it with basic income So instead of encouraging (or mandating?) young folks get trained or educated (or both!), we simply give them money for existing? I don't see how that solves the bigger issue. We, as a society, are very good at band-aid solutions (like minimum wage from the get-go). We're not good at solving the real hard problems. The real hard problem here is folks are ge…
No, you give them money to pay rent and eat while they go to school if they want to, or learn whatever new skills they might be interested in instead of having to wait tables.
Plenty of people would love to go to school but can't afford to on a minimum wage job.
Re: It’s a Tough Job Market for the Young Without College Degrees
#28> Among 17- to 24-year-olds, just over 10 percent have completed college or achieved an advanced degree. This seems like a weird statistic to highlight. Even if everyone were going to and completing college, wouldn't you expect that most of this group (eg those under about 22) to have not yet completed their degree?
Not unless the job market is easier for 17-year-olds without college degrees.
Re: It’s a Tough Job Market for the Young Without College Degrees
#29After three years of graduating this program, I've now gone full circle working for a startup that supports the process of grant-making for foundations. That all being said, I recently put my income into fusion.net's millennial wage gap calculator to find that I come out into the top 6% of my generational cohort at a gross wage of 72k (at 23, I realize I'm an outlier). When I take into account that the majority of my friends around my are are still working service/retail jobs, I feel like something in our system needs to change before we experience a reckoning with a generation of kids with dead-end jobs.
Re: It’s a Tough Job Market for the Young Without College Degrees
#30Was it ever a good job market for the young without college degrees?
When you could walk off the street(with no Highschool diploma) into a Manufacturing job with good pay, benefits, etc. And if they mistreated you, you could leave and go to another Factory in-town that did treat you well. So they tried to retain employees by treating them well. Versus today, where if you can manage to find a Manufacturing job you're under the thumb of the bosses. Because they know you have a mortgage,…
This sounds more like a good-ole-days fantasy than reality. Can you quantify when and what good pay and benefits were for someone without a high school degree who walked off the street?