Gotta love the modern economy

[Kire]

The DOW is making record numbers and the economy is booming...but unlike the late '90's, I don't know ANYONE who's better for it. Hell, I know lots of people getting out of college who are still having a real hard time in the job market, as well as those without degrees. I remember my brother's generation, they were passing out jobs like candy on Halloween.

[Funk]

Re: Gotta love the modern economy

Wait until 2010-2012: there will be more jobs available than people to fill them, what with the Baby Boomer generation retiring and all.

[Shard]

Re: Gotta love the modern economy

The problem is most of the job growth over the past 2-3 years has been in the service sector, or what I like to call ****-jobs. Skilled labor, tech, and jobs requiring specialized training that were the backbone of the 90s job boom are being shipped overseas.

Service sector jobs have the three-way fisting of having poor pay, low or no benefits, and usually part-time hours. The typical service sector employee is easily trained and easily replacable and cannot sustain him/herself by working only one job, especially if there are dependants involved.

[Funk]

Re: Gotta love the modern economy

Yeah, and hopefully all of those jobs I mentioned don't find their way overseas.

[hitogoroshi]

Re: Gotta love the modern economy

Wait until 2010-2012: there will be more jobs available than people to fill them, what with the Baby Boomer generation retiring and all.

I graduate in 09.

[IRC]

Re: Gotta love the modern economy

The economy doesn't change overnight.

[Valkysas]

Re: Gotta love the modern economy

I dunno, seems like it went to hell overnight.

[JPS]

Re: Gotta love the modern economy

I have a low-skill job that pays for a wife, 2 dependents, $350/month car payment, insurance, 2 cell phones, food, diapers, $40 gas/week, baby food, formula, kids meals, clothes, toiletries, utilities and a rent payment without a problem

But my job isnt that common, but then again I only make $20k-$23k a year

[Nixon]

Re: Gotta love the modern economy

It really depends on where you're living and the cost of living, etc.

The economy here has been in the toilet since I got out of college in 2002. I was promised help with finding an art-related job, but when the time came all I got was "good luck with that."

*draws angry cartoons*

[jvrlopez]

Re: Gotta love the modern economy

My dad is having a great time day trading.

[Jamos]

Re: Gotta love the modern economy

I couldn't get a job if I ****ed the manager. Though, that would probably insure my unemployed status. ....

[Vonwert]

Re: Gotta love the modern economy

The job market over in NC sucks. Basically since everything that was established in this area revolved around furniture, it was hit hard with the transfering of jobs overseas.

I got stuck having to move with my family during my last year of high school.

Pretty much my father's job in PA was furniture and his company was going downhill, he decided to go back to NC. Which turned out to be pretty crappy, since now he travels to China back and forth.

So I am stuck in a state that is scarred by urban developement which only seems to focus on retail and little on the mainstream jobs.

And forget about getting any type of art job, which is what I want.

[The Toecutter]

Re: Gotta love the modern economy

That extra economic growth is going straight to profit margins, not wages or better quality products and services. Pay more, get less, get paid less.

This growth is built upon ready access to cheap oil, sustained on deficit spending, and protected from collapse by manipulation of the currency. It can't last forever; it's just not possible(unless we perpetually stay at war to keep these things going).

Since 1970, productivity has doubled, but wages when adjusted for inflation have actually shrunk. The minimum wage in 1968 was roughly equivalent to $10/hour in today's dollars.

If we aren't seeing job increases, lower expenses, and better real wages overall in times of plenty, then there is certainly not going to be much to look forward to in times of crisis.

It takes literally years to find a job where I live. Once I have that degree, it will be a bit easier though, since there is a demand for engineers.

[Kefka Jr.]

Re: Gotta love the modern economy

I graduate in 09.

Of course, as an actor, any potential financial success is invalidated.

[jvrlopez]

Re: Gotta love the modern economy

I'll be done with college by 09.

Haha poor Hito.