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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

#81

Post by jbHawk »

fecak wrote: post #10
jonathanjaeger wrote: post #5

Disclaimer: This is purely anecdotal, and not backed by any data. I'm in my mid-twenties and just recently started interviewing people for the team I work on. It's amazing how little effort many seemingly qualified people put in to secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at, or finding someone to give a second set of eyes on a cove…

Recruiter and resume-writer-on-the-side here, and it's become so easy to apply for jobs that most people put zero effort into anything but pressing send and shotgunning a resume to hundreds of companies. If there was even a small cost (time or money) to applying, you can be sure that resumes and cover letters would be much more common and of higher quality. I'm not suggesting that we charge applicants, but years ago…

To add to this:

Applicant's who do spend time authoring a well formatted application are seemingly under served by the website-submission process that completely garbles and incorrectly re-formats their applicant documents. Very frustrating and demotivating for the next submitted app. Moreover, they may not even discover that the website ruins their document.

I think there's a disruption opportunity here to provide a HR Applicant Service that doesn't force consumes to blindly copy-paste blobs of text into large free text fields. Just consume and index PDF documents.

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

#82

Post by downandout »

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 won't work under most existing economic systems. Our entire economy has to change to accomodate the new reality that a significant percentage of the population will be unemployed.

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

#83

Post by cryoshon »

lisper wrote: post #47
nostromo wrote: post #23

Earlier quoted context omitted.

I agree that student loan debt seems like an asset bubble -- in that the price of an education greatly exceeds the valuation justified by the fundamentals. But I can't think of a way that the bubble could actually pop. Or what it would look like if it did. Unlike housing, you can't walk away from your education; student loans are designed to prevent debtors from ever escaping their obligations. They're also guarantee…

> But I can't think of a way that the bubble could actually pop. Or what it would look like if it did. It would look like a social movement. It would look like tens of millions of young people realizing that they have fallen under the yoke of life-long indentured servitude to the older generation, and either 1) getting organized enough to get the law changed or, 2) saying "fuck it, I've got nothing left to lose" and…

We would do well to mobilize people to either #1 or #2, since both would create change.

The trick is convincing people that they're getting screwed over by something that can be changed. Most just accept it as a way of life.

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

#84

Post by morgante »

lisper wrote: post #47
nostromo wrote: post #23

Earlier quoted context omitted.

I agree that student loan debt seems like an asset bubble -- in that the price of an education greatly exceeds the valuation justified by the fundamentals. But I can't think of a way that the bubble could actually pop. Or what it would look like if it did. Unlike housing, you can't walk away from your education; student loans are designed to prevent debtors from ever escaping their obligations. They're also guarantee…

> But I can't think of a way that the bubble could actually pop. Or what it would look like if it did. It would look like a social movement. It would look like tens of millions of young people realizing that they have fallen under the yoke of life-long indentured servitude to the older generation, and either 1) getting organized enough to get the law changed or, 2) saying "fuck it, I've got nothing left to lose" and…

> It would look like tens of millions of young people realizing that they have fallen under the yoke of life-long indentured servitude to the older generation

Nobody forced them to take out loans.

There are lots of options which don't involve crushing debt.

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

#86

Post by tracker1 »

Kalium wrote: post #58
fecak wrote: post #10

Earlier quoted context omitted.

Recruiter and resume-writer-on-the-side here, and it's become so easy to apply for jobs that most people put zero effort into anything but pressing send and shotgunning a resume to hundreds of companies. If there was even a small cost (time or money) to applying, you can be sure that resumes and cover letters would be much more common and of higher quality. I'm not suggesting that we charge applicants, but years ago…

> Job seekers are much better served spending an hour sending 10 focused applications than spending that same hour to send 100 sanitized applications. This is the theory, yes. In practice, that 10x level of effort is not matched by a 10x increase in the number of interested responses or a 10x increase in response rate. Diminishing returns sets in quickly. You wind up with more interested responses by shutgunning your…

That's part of the problem... you need a good resume to start with... many don't even take the time to work on that.

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

#87

Post by eitally »

edgyswingset wrote: post #33
fecak wrote: post #10

Earlier quoted context omitted.

Recruiter and resume-writer-on-the-side here, and it's become so easy to apply for jobs that most people put zero effort into anything but pressing send and shotgunning a resume to hundreds of companies. If there was even a small cost (time or money) to applying, you can be sure that resumes and cover letters would be much more common and of higher quality. I'm not suggesting that we charge applicants, but years ago…

As a recent college grad who went to a community college and then a run-of-the-mill state school, my experience and general impression from my peers was that unless you shotgun as many job applications as possible, you're probably not going to hear back from anyone. My own hypothesis is that most companies are so obsessed with a potential "false positive" hire that they're perfectly okay with not investing in a new g…

I don't think that's true at all, although I can see where the stereotype comes from. The fact is, the more effort a potential applicant puts in before applying, the more likely they will be to get a job at the company they're targeting. That's not to say they'll get the job that's their first choice, but they may get another just that's equally good, or perhaps just a foot in the door.

It always pays dividends to invest in your human network. That applies equally well to college grads as to experienced workers.

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

#88

Post by klipt »

fecak wrote: post #10
jonathanjaeger wrote: post #5

Disclaimer: This is purely anecdotal, and not backed by any data. I'm in my mid-twenties and just recently started interviewing people for the team I work on. It's amazing how little effort many seemingly qualified people put in to secure an entry-level job. Whether it be hustle to learn more about a business, the specifics about the company you might work at, or finding someone to give a second set of eyes on a cove…

Recruiter and resume-writer-on-the-side here, and it's become so easy to apply for jobs that most people put zero effort into anything but pressing send and shotgunning a resume to hundreds of companies. If there was even a small cost (time or money) to applying, you can be sure that resumes and cover letters would be much more common and of higher quality. I'm not suggesting that we charge applicants, but years ago…

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.

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

#89

Post by ausjke »

I don't know how this is going to work, I actually think the root-cause of mid-east crisis is more related to youth-jobless.

Young people without job will lead to bad things, in the meantime the technology/AI/robotic-factory is making more people "unneeded", will it either be a utopia-coming-true or a revolution?

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

#90

Post by cryoshon »

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…

Yeah, there's always some holdovers commenting from the era of easy jobs and easy money.

Underemployment should be mentioned in any discussion of job difficulty; in the US, getting a job as a barista or fast food is possible, but a horrendous waste of a college education.

It's really a shame that the US has decided to let its most educated generation ever suffer for its biggest strength.

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