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Young People Are Screwed: Here's How To Survive

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Re: Young People Are Screwed: Here's How To Survive

#101
post #12
post #8

There is a lot of focus on programmers , which is absolutely fine: they are usually the "makers". However I wonder why admins get overlooked. Just like the plumber or the electrician, sys/net admins are the handyman/tradesmen of the computing world, and as software deployments grow, so will their demand.

admins are going to be replaced by programs that software engineers write (consider devops, heroku, aws, etc).

Any sysadmin worth his salt today is a devops. Go to Heroku or AWS and you'll find lots of job listings for system engineers.

It's true that we'll be able to get more done with fewer sysadmins, but that doesn't mean we'll have fewer sysadmins. The Jevons paradox suggests we might even have more sysadmins.

Re: Young People Are Screwed: Here's How To Survive

#103

This article, like many articles on Hacker News equates the value of education into dollars. Education, intrinsically, cannot be solely measured in dollars. The problem isn't people getting useless degrees, its degrees that don't correspond to high paying jobs in the current economy costing too much. THERE IS NO SHAME IN GETTING A DEGREE IN LITERATURE. Education should be free. I just get a knee jerk reaction to any…

There is no shame in pursuing a career in literature, but whether it is wise or not to spend $200k to get there instead of 75 cents in late fees at the public library..that's another thing altogether.

Re: Young People Are Screwed: Here's How To Survive

#104

Earlier quoted context omitted.

I might have misunderstood either you or the article, but the main point of the article seemed to be that people don't really have much use for business/econ grads - they need people who will write the software. So you're clearly pretty smart, but are you hoping to be a programmer/teaching yourself to program, or what? How is your story a response to this article?

I think point 1 is largely that business/econ isn't needed, however a large part of econ is dealing with data sets. Regardless, college isn't a tremendous metric of ability; how many times has the fallacy been sold that it doesn't matter what you graduated in, just that you graduate? Programming and comp sci are largely about logic, and teaching oneself how to program is certainly a fine suggestion but it's not a ver…

> I may not be applying to the easiest jobs to get but I'm finding it incredibly difficult to even get an interview. After graduating from a top 25 undergraduate business program in 2 years and then going on to earn my MA in econ in another 2 all the while playing Division 1 football I thought it might be easier than normal to get a job.

The single best source of job listings you're going to get at this stage are the ones from your school's career services. That is a list companies that are trying to hire a recent grad from your school, which gets you through a filter. When dealing with general-purpose résumé drops online, you end up in a pile of thousands of résumés, and unless you have certain words on your résumé ("Harvard", "Stanford", "Google", etc.), it's a pretty lost cause.

Another big thing is to network. Go to conferences and meetups and such, find people who have a background similar to you doing something you want to be doing and see if they have any suggestions to fill in the middle.

Finally, find some way to demonstrate that you can "do stuff". Take publicly available data and produce something out of it. Build a model with some data in a kaggle competition. Also...

> On a positive note, it's my opinion that energy prices are a better indicator of economic growth than interest rates and energy prices should continue to fall for the foreseeable future. The only problem is how quickly the economy will artificially inflate after years of QE.

Here's a possible place to start. You're an economist - give me numbers! Turn it into a blog post or three. Demonstrate that you can find data sets, build a model/visualization/whatever, and communicate your thesis clearly. Don't know how to do something along the way? Learn it. Do it. Advertise the fact that you can do it.

> Ideally I'd like to be at an audacious startup.

> Stepping away from the startup scene and simply looking at businesses in general, it's ridiculous to think that an employer would hire you and put you to work with no training. Also a hire should be a long term strategy, turnover is very expensive and destructive to company culture.

Part of the problem is startups don't often take a long term view out of necessity. When you're 20% of the workforce of a company, you need to be producing from day 1, or at the very least demonstrate that you're a quick enough self-taught learner that you don't need dedicated resources from the company to get you producing in a timely manner - otherwise, the company isn't going to last long enough to realize your potential.

Re: Young People Are Screwed: Here's How To Survive

#105
I really don't get generation-based hatred from the author. My grandfather (who raised me) worked long and hard for decades, first as a marine, later a railroad worker and then finally a manager at AT&T/Bell. He paid far, far more into the social system than he was ever able to take out. I've felt the pain of our increasingly stratified society first hand, but I have little respect for the practice of blaming a generation who have given so much and taken so little in return. Yes medical expenses are spiraling out of control, but that's a structural problem, not a sign of a generation as a whole "screwing young people".

Re: Young People Are Screwed: Here's How To Survive

#106

I may not be applying to the easiest jobs to get but I'm finding it incredibly difficult to even get an interview. After graduating from a top 25 undergraduate business program in 2 years and then going on to earn my MA in econ in another 2 all the while playing Division 1 football I thought it might be easier than normal to get a job. Ideally I'd like to be at an audacious startup and even rode my bike 215 miles to…

> I may not be applying to the easiest jobs to get but I'm finding it incredibly difficult to even get an interview.

I'm a developer, so I have it easy, but I just don't understand this mentality. If you're not getting any interviews, then you're aiming too high, right? Just point the nose down a tad and send out another 50 feelers. If that doesn't work, aim a little lower still. Follow up. Be a stalker.

If you played football, and have good grades, I guarantee UPS will hire you on the spot to throw boxes around. That's your lower bound. The question is where in the middle will you land. Then you start climbing.

Re: Young People Are Screwed: Here's How To Survive

#107

Since the beginning of the financial crisis the media has constantly been repeating that the housing market was key to recovery and that the government had to do things to help prop up house prices. As someone who would like to own a house in the future, I find it quite unfair that the government is helping to maintain bubble prices. It is yet another way for current homeowners to to extract as much money as possible…

I wish more people understood these issues with this clarity. Fed policy has had negative consequences for savers at the benefit of borrowers.

I wrote a simple app which compares 12 month CPI to current Treasury yields. What is scary is in the past year CPI (which many claim underestimates true inflation) at times has been higher than the returns on 30 year Treasuries. This is a rare event, and is the result of the FED buying Treasuries on the long end of the curve to artificially depress interest rates. Typically investors wouldn't tolerate such a low rate of return on their investments. Historical bond yields vs CPI can be viewed here: http://yield.io/

Re: Young People Are Screwed: Here's How To Survive

#108
I feel like this article would have a greater thrust if it focused more on the perils of college and the job market nowadays and less on software programming as the overarching solution for young people. It really hits a more accessible tone that way, because frankly, only a small fraction of young people are interested in a coding lifestyle. A young person with little or no debt and a good head on their shoulders is in pretty good shape, regardless of the waters they dip their toes into.

Re: Young People Are Screwed: Here's How To Survive

#109

Earlier quoted context omitted.

> THERE IS NO SHAME IN GETTING A DEGREE IN LITERATURE. I agree with you, but the supply side of the education system agrees with you all the way to the bank. The real point is: the traditional education model is usually a bad financial deal. If you want to learn, do so -- but don't be swindled into taking out loans for it.

I agree with your real point, however, I would not say the current model is the traditional or even universal model. Countries other than the US have much better models. I just get tired of the discussion not focusing on the problem and instead accepting it. Universities are often the best place to get an awesome education in the humanities. Withholding that opportunity because education has been transformed into som…

Absent massive political change, the only way the price will come down for humanities degrees is if people stop signing up for them. Supply and demand.

It is the logical next step to tell the colleges: "No, I will not pay the same for your Art History degree as for an Engineering degree - Engineering will pay for itself at that price by getting me a good job while Art History won't."

Re: Young People Are Screwed: Here's How To Survive

#110
post #39

Earlier quoted context omitted.

[deleted]

You can achieve 4% investing in large cap dividend payers. The dividends alone can be 4%, and any price appreciation on top of that is gravy. Though of course, you have to diversify and thus put an immense amount of research in many companies.

Investing in large cap dividend stocks is not a "risk free" investment. Not that treasuries are either, but there is a built in assumption that the treasury will not default. If I adjusted the returns for taxes the situation would look much worse.
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