markinspain Posted September 27, 2009 Share Posted September 27, 2009 http://www.nypost.com/p/news/business/the_...GqsXMuIlGONNX1K Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted September 27, 2009 Share Posted September 27, 2009 no future. no future. no future for you..... Quote Link to comment Share on other sites More sharing options...
otters Posted September 27, 2009 Share Posted September 27, 2009 So why the hell are we raising the retirement age? Quote Link to comment Share on other sites More sharing options...
51%deposit Posted September 27, 2009 Share Posted September 27, 2009 meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time. i spent all my life bar a few years on the dole, and not because i wanted to. This country, like America, is evil. Only the chosen, ie, sycophantic puppets and tyranical overlords get jobs allowing them to be in the elite of 'free' people, whilst the remainder are forced into slavery for the above bolded reason. i live in the south where houses cost £400k easily. Ever wonder how they get that? By working and not spending their lives on the dole. every year you spend on the dole or in unpaided minimal pay work is a year you loose in that direction until bingo, you'll never afford a home. And Bingo, the cast is set, and the game is played. a slave and a prisoner forever and ever. Quote Link to comment Share on other sites More sharing options...
Ulfar Posted September 27, 2009 Share Posted September 27, 2009 52.2% unemployment in the young is a recipe for civil unrest leading to revolution. You cannot piss off over half of a generation without there being consequences. Even if they don't rebel they will at some point become the majority of the vote and then you only need another Hitler to pop up for the fireworks to start again. Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 27, 2009 Share Posted September 27, 2009 52.2% unemployment in the young is a recipe for civil unrest leading to revolution.You cannot piss off over half of a generation without there being consequences. Even if they don't rebel they will at some point become the majority of the vote and then you only need another Hitler to pop up for the fireworks to start again. I'm sure that's why they invented the Nintendo. Quote Link to comment Share on other sites More sharing options...
assetrichcashpoor Posted September 27, 2009 Share Posted September 27, 2009 What has surprised me is that normally such high unemployment rates lead to more support for the right wing. Yet we don't seem to be getting that from America. Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted September 27, 2009 Share Posted September 27, 2009 What has surprised me is that normally such high unemployment rates lead to more support for the right wing. Yet we don't seem to be getting that from America. Well, this rate will no doubt be strongly biased towards ethnic minorities. Quote Link to comment Share on other sites More sharing options...
Johnny Storm Posted September 27, 2009 Share Posted September 27, 2009 You dont need to work very long in parts of America to buy a house out right. If only that were true here. Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 27, 2009 Share Posted September 27, 2009 You dont need to work very long in parts of America to buy a house out right. If only that were true here. They do go for 20 bucks now. In the rust belt. Anywhere there are jobs it's bad. Cousin bought his 2 bed place, small, LA suburb at the height of the boom for $650,000! Quote Link to comment Share on other sites More sharing options...
Johnny Storm Posted September 27, 2009 Share Posted September 27, 2009 They do go for 20 bucks now. In the rust belt.Anywhere there are jobs it's bad. Cousin bought his 2 bed place, small, LA suburb at the height of the boom for $650,000! Yes but unlike here, the house prices are now super low. How about a nice villa in Florida for $50k? Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 27, 2009 Share Posted September 27, 2009 Yes but unlike here, the house prices are now super low. How about a nice villa in Florida for $50k? Yes it's cheap. No idea really why the UK's haven't gone the same way yet (QE). Quote Link to comment Share on other sites More sharing options...
givemethegun Posted September 27, 2009 Share Posted September 27, 2009 1) i spent all my life bar a few years on the dole, and not because i wanted to. 2) i live in the south where houses cost £400k easily. Ever wonder how they get that? 1) Poor you 2) No, I always wondered that Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 27, 2009 Share Posted September 27, 2009 (edited) Barry Obama looking very tired and Gordonesque in that photo. Edited September 27, 2009 by Sadman Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 27, 2009 Share Posted September 27, 2009 Yes it's cheap.No idea really why the UK's haven't gone the same way yet (QE). They got the wonder of QE too though. I think its more they can just walk from their debts. Although TBH i think the desert south west, Florida and Detroit seem to be the extreme. Housing in good areas within 50 miles or so of NYC or DC still look expensive. Quote Link to comment Share on other sites More sharing options...
Guest P-Diddly Posted September 27, 2009 Share Posted September 27, 2009 They got the wonder of QE too though. I think its more they can just walk from their debts. Although TBH i think the desert south west, Florida and Detroit seem to be the extreme. Housing in good areas within 50 miles or so of NYC or DC still look expensive. Yes, not sure about FL but many states the house is the security, regardless of 'value'. Lose house, lose mortgage. Quote Link to comment Share on other sites More sharing options...
Stars Posted September 27, 2009 Share Posted September 27, 2009 You dont need to work very long in parts of America to buy a house out right. If only that were true here. In the parts where you won't get work Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted September 27, 2009 Share Posted September 27, 2009 In the parts where you won't get work Corrrrrrrrrrect. In the cities with decent levels of employment the prices are holding up a bit better than Detroit or parts of Florida. Still cheaper than the UK in most cases, but it's a big place, and land is cheap. Quote Link to comment Share on other sites More sharing options...
Quagmire Posted September 27, 2009 Share Posted September 27, 2009 (edited) "And if young Americans are not working and becoming productive members of society, they are less likely to make major purchases -- from cars to homes -- thus putting the US economy further behind the eight ball." This is where globalization comes crashing down. Edited September 27, 2009 by Quagmire Quote Link to comment Share on other sites More sharing options...
frankief Posted September 27, 2009 Share Posted September 27, 2009 Maybe they could emigrate to Mexico? Got to get past the border guards and swim the Rio Grande first though! Quote Link to comment Share on other sites More sharing options...
Mark Uttley Posted September 27, 2009 Share Posted September 27, 2009 52.2% sounds just plain wrong to me. How are they arriving at that figure? What was the figure 5 years ago? The current rate of unemployment in the US is 9.7%, pretty high, but how does that translate to 52.2% of young Americans? Quote Link to comment Share on other sites More sharing options...
mightytharg Posted September 28, 2009 Share Posted September 28, 2009 i spent all my life bar a few years on the dole... And Bingo, the cast is set, and the game is played. a slave and a prisoner forever and ever. Just FYI, slaves had to work. Like the people who bought the £400,000 houses, not like you. Quote Link to comment Share on other sites More sharing options...
Guest The Relaxation Suite Posted September 28, 2009 Share Posted September 28, 2009 Well, this rate will no doubt be strongly biased towards ethnic minorities. Whites will be an ethnic minority in the US in one more generation's time. I'm looking forward to how that works out considering how the elite of that country will almost certainly continue to be predominantly white. A bit of a South Africa thing might start to develop - white minority overlords, etc. Quote Link to comment Share on other sites More sharing options...
Saberu Posted September 28, 2009 Share Posted September 28, 2009 52.2% sounds just plain wrong to me. How are they arriving at that figure? What was the figure 5 years ago? The current rate of unemployment in the US is 9.7%, pretty high, but how does that translate to 52.2% of young Americans? Here's your answer aged 16 to 24, excluding students They are measuring the unemployment rate among young people (re: aged 16-24) who are not studying and therefore are likely to be less educated. Also it's likely to be a small proportion of overall population and the worst hit part of the population as this age group looking for work likely haven't/ aren't going to go to university and have little or no work experience. But that doesn't mean the figures should be ignored, as if this trend continues then it seems 50% of young adults who do not get third tier education will not find employment and likely be stuck in a rut for more than a decade. As for the ones with a degree, they'l be lucky to get the monkey jobs left over. What a wonderful world we live in, wake up people don't be a slave. Quote Link to comment Share on other sites More sharing options...
DementedTuna Posted September 28, 2009 Share Posted September 28, 2009 Wonder what the UK figures are? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.