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America Wonders Where The Young Workers Are?

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I think there's a tacit understanding among the younger generations that they're royally screwed. There's no conventional outcome that seems them doing well. The only outcomes are :-

  • a managed decline (with them being on the wrong end of it, boomers sucking the marrow out of the fuller end)
  • a major economic crash / reset - with the younger generations sacrificing themselves for future generations

Sounds a bit depressing, but I don't see how we can build up national debts as every nation does without a calamity or a managed decline.

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I think there's a tacit understanding among the younger generations that they're royally screwed. There's no conventional outcome that seems them doing well. The only outcomes are :-

  • a managed decline (with them being on the wrong end of it, boomers sucking the marrow out of the fuller end)
  • a major economic crash / reset - with the younger generations sacrificing themselves for future generations

Sounds a bit depressing, but I don't see how we can build up national debts as every nation does without a calamity or a managed decline.

On the contrary, I'm sort of young (36 last month), and I have a very positive mindset. When the shit hits the fan we'll just chuck the boomer generation under the bus. They can have their big houses and paper wealth, and good luck to them finding someone prepared to look after them when they get old and frail.

I'd quite happily steam clean the rotting remains of an old git off the floor of their big house if that's what it takes for me to be able to buy it at a reasonable price.

Edited by Rave

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I think there's a tacit understanding among the younger generations that they're royally screwed. There's no conventional outcome that seems them doing well. The only outcomes are :-

  • a managed decline (with them being on the wrong end of it, boomers sucking the marrow out of the fuller end)
  • a major economic crash / reset - with the younger generations sacrificing themselves for future generations

Sounds a bit depressing, but I don't see how we can build up national debts as every nation does without a calamity or a managed decline.

This is America.

One, houses in a lot of places have *fallen* lots.

Two, the boomer pension thing is mainly at the state and city level.

Places like Detroit and Illinois might be in the news. But there are loads more places where public pensions are being marked down a lot.

Three, bar the health insurance scam, the US is a lot cheaper place to live.

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On the contrary, I'm sort of young (36 last month), and I have a very positive mindset. When the shit hits the fan we'll just chuck the boomer generation under the bus. They can have their big houses and paper wealth, and good luck to them finding someone prepared to look after them when they get old and frail.

I'd quite happily steam clean the rotting remains of an old git off the floor of their big house if that's what it takes for me to be able to buy it at a reasonable price.

lets do it greece style, they wake up and the state pension is gone :)

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One, houses in a lot of places have *fallen* lots.

Fair play - then the Fed should be normalising the base rate from September onwards (makes you wonder why they didn't do it before?).

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This article is one big stinking pile of bull poo.

It states that it's a mystery as to why fewer teenagers have jobs. That's a complete lie. Open any labour economics textbook, and it will tell you that teenagers are the most likely group to be negatively impacted by increases in low skill immigration. The USA liberalized immigration laws in the early 70's and teenage employment rates have consistently fallen since then. There is no mystery here, other than why people keep paying for such completely dishonest pro-globalisation propaganda. The American economy could grow at 10% a year and it would make no difference because it's far easier and cheaper to hire a Mexican migrant and pay them next to nothing.

Edited by richc

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This article is one big stinking pile of bull poo.

It states that it's a mystery as to why fewer teenagers have jobs. That's a complete lie. Open any labour economics textbook, and it will tell you that teenagers are the most likely group to be negatively impacted by increases in low skill immigration. The USA liberalized immigration laws in the early 70's and teenage employment rates have consistently fallen since then. There is no mystery here, other than why people keep paying for such completely dishonest pro-globalisation propaganda. The American economy could grow at 10% a year and it would make no difference because it's far easier and cheaper to hire a Mexican migrant and pay them next to nothing.

Indeed it's nothing new, but worth repeating

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This article is one big stinking pile of bull poo.

It states that it's a mystery as to why fewer teenagers have jobs. That's a complete lie. Open any labour economics textbook, and it will tell you that teenagers are the most likely group to be negatively impacted by increases in low skill immigration. The USA liberalized immigration laws in the early 70's and teenage employment rates have consistently fallen since then. There is no mystery here, other than why people keep paying for such completely dishonest pro-globalisation propaganda. The American economy could grow at 10% a year and it would make no difference because it's far easier and cheaper to hire a Mexican migrant and pay them next to nothing.

No. mexicans and the like have been leaving the US.

I *think& the lack of appetite for jobs is probably connected to US kids studying more, doing un-paid inter crap and the like.

Also, teen ownersip of cars/driving licenses has fallen off massively in the states. Its a total shocker, totally un-American! Kids are using public transports, buses FFS!. Who knows, if it carries on like this, they'll be electing a blackman president, letting gays marry *and* brewing decent beer.

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