Wednesday, July 16, 2008

Economic Downturn Means More Jobless Youth

Says the Washington Post:
Young adults seeking low-skill service jobs for the summer must contend with older, laid-off workers, illegal immigrants and college graduates who cannot find work in their fields, as well as with cuts in federal summer jobs programs.
As a result, the national youth jobless rate for June was at its highest in six decades, with 37 percent of teenagers ages 16 to 19 employed, compared with 51 percent in June 2000, according to Northeastern
University's Center for Labor Market Studies, which analyzed Labor Department data.

Six decades! I guess the kids can always join the army,


Richard Jennings said...

Despite the stats, I have found lots of high paying jobs on employment sites -

I see 100K, 150K and 200K jobs

Eric said...

Yeah, you see those jobs being advertised, but they're not actually hiring anyone.

I just graduated with honors in finance and I'm making ends meet by working at a grocery store.

I'll bet Anya thinks that some government program can "fix" all this too. I don't understand how anyone should, or can for that matter, trust the same government that screwed this all up in the first place to "fix" it.

Free markets, individual responsibility, liberty... Oh My!

Anonymous said...

Yes, it is terrible. It is more about who you know or who you are related to. The smartest people in Chicago are driving cabs. These drivers are engineers, scientists, academics from other countries. The mindless yuppies riding in the back had good connections. Go to Starbucks and talk to the people there. They have fancy art and literature degrees. Unless you are graduating at the top of your class from one of the best colleges, I wouldn't suggest going to college. There are simply too many college graduates out there. There are not many intellectuals, and there you have it. The situation is not good. Now, ironically, our young college graduates will compete with Pablo and Paco, who are here illegal, for the low end service jobs. Maybe now we will finally shut the border. How many "good" jobs are really out there? I wonder.