Bigdogg;946754 wrote:I do not believe capitalism will survive ...
What we currently have isn't functioning like capitalism, so I'm not sure I agree with the conclusion, though I DO agree that what is currently happening cannot go on indefinitely.
I Wear Pants;946843 wrote:They want the government to get out of bed with Wall Street and massive corporations and vice versa.
In a sense, this is why the Tea Party started: a desire for less meddling between the two. Whether the central government is engaging in creating an oppressive, overbearing environment for the private sector or engaging in corrupt deals with entities in the private sector, it's still too much governmental involvement. I think that's the point.
Corporatism is going to kill the economy, one way or another.
jmog;946928 wrote:There is nothing wrong with the wages people make for their hard work. Please, if you want to drive more factories to China and India please demand more pay for union/manufacturing jobs. It is already cost prohibitive to start a factory in the US, by all means lets make it cost even more.
Honestly, this is a very fair point. I've worked for multiple companies who outsourced various elements of their business because US regulations made keeping that work (read "those jobs") here in the US too expensive to justify.
Mulva;946946 wrote:I'd be curious to see what the number is for more recent college graduates (let's say those who graduated in the last 1-2 years) vs. that 4% total.
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In a bad job market, the lack of experience hurts big time. Even back in '07 I took a retail job (hourly pay without benefits and retail hours) because my experience (or lack thereof) killed my employability at a job with a salary and benefits. That was even before we really started feeling the ramifications in the economy.
sleeper;946997 wrote:I read somewhere the unemployment rate for those with degrees under the age of 24 is 9.5%.
Let's also not forget that a lot of recent college graduates are 'underemployed' meaning they've taken a job that likely has no salary and no benefits.
Take that for what its worth.
It is just what it is. Where the demand is low and the supply is high, more and more won't get the kinds of jobs they want. It's part of a competitive job market.
Mulva;947016 wrote:Thanks for the info. I would guess that from the several dozen people (very small and not representative of the entire population sample, I know) I talked with who graduated in June or August of this year, probably at least 25% didn't have jobs lined up.
A lot of them found jobs within 2-3 months after graduating though.
The underemployment thing is definitely an issue too.
It would seem that underemployment would be less of an issue if it didn't cost so much to employ someone. There's a reason that I will only hire people as independent contractors.