understanding politics, considerations

Talking ‘Bout My…


March 3rd, 2009 · Business, Economics, and Finance, World Affairs

The news just keeps get­ting, um, better…

A few years ago, employ­ers wooed col­lege grad­u­ates and young work­ers with bonuses, perks and recruit­ing trips to ski resorts. But these days, more peo­ple in their 20s are los­ing jobs and get­ting by on unem­ploy­ment ben­e­fits and help from family.

With jobs scarce and the unem­ploy­ment rate climb­ing, young work­ers are com­pet­ing with older ones will­ing to take pay cuts. And some employ­ers are keep­ing expe­ri­enced work­ers who have more train­ing and skills while avoid­ing large sev­er­ance payments.

Peo­ple in their twen­ties and younger are the future of the United States, but no one seems to be think­ing of them. We are sad­dled with tens of thou­sands of dol­lars of debt from col­lege and grad­u­ate school. The Baby Boomers are too scared to retire under the cur­rent eco­nomic cir­cum­stances, so the nat­ural turnover of jobs from them to the younger gen­er­a­tion is not hap­pen­ing. Younger Amer­i­cans are not get­ting the train­ing and expe­ri­ence they need to move up the cor­po­rate lad­der. They are not find­ing enough qual­ity jobs that will allow them to afford mar­riage and a fam­ily. Yes, they are pretty upset.

Tags: busi­ness insur­ance, busi­ness credit cards, small busi­ness insur­ance, busi­ness voip, small busi­ness credit card, busi­ness bank­ing, busi­ness con­ti­nu­ity, busi­ness phone ser­vice, busi­ness gas, busi­ness fac­tor­ing