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IronLionZion

(45,268 posts)
Thu Jun 12, 2014, 12:48 PM Jun 2014

Millennials Struggle to Find Jobs: But Who’s Really to Blame?

The country’s labor market is looking a lot more gray as baby boomers make up a growing share of the workforce.

According to a recent survey from CareerBuilder, the number of boomer-held jobs increased 9% from 2007-2013, a gain of 1.9 million jobs. On the other hand, with an increase of only 110,000 jobs, millennial employment in 2013 was virtually unchanged from 2007 levels.

The survey shows boomers hold a large percentage of jobs in science, technology, engineering and math—often referred to as STEM occupations—than before the Great Recession.

“Never in history have workers over the age of 55 had the concentration in the workforce they have today,” said CareerBuilder CEO Matt Ferguson in a statement. “However, employers will have to plan for vacancies when this group inevitably retires, which could quickly create new skills gaps in new trade vocations and STEM fields.”

http://www.foxbusiness.com/personal-finance/2014/06/11/millennials-struggle-to-find-jobs-but-whos-really-to-blame/?cmpid=edpick&google_editors_picks=true



I don't want to blame anyone. I just found the statistics and trends surprising is all, especially this far into the recovery.


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Millennials Struggle to Find Jobs: But Who’s Really to Blame? (Original Post) IronLionZion Jun 2014 OP
“You go to the grocery store and you see the older guy bagging groceries—that was unheard of 15 KurtNYC Jun 2014 #1
Pull up your pants! nt IronLionZion Jun 2014 #5
Blame the greedy Rich... Larkspur Jun 2014 #2
A lot of "investments" don't create many jobs IronLionZion Jun 2014 #4
(humor sort of) I blame Earl Butz Leme Jun 2014 #3

KurtNYC

(14,549 posts)
1. “You go to the grocery store and you see the older guy bagging groceries—that was unheard of 15
Thu Jun 12, 2014, 01:01 PM
Jun 2014

years ago."

Hard to bag groceries while you're texting, Twitting and Instagramming selfies every 2 minutes.

 

Larkspur

(12,804 posts)
2. Blame the greedy Rich...
Thu Jun 12, 2014, 01:03 PM
Jun 2014

from Digby


http://www.digbysblog.blogspot.com/2014/06/the-rich-are-just-sitting-on-money-by.html

As the economy continues to sputter even though stocks, corporate profits and other assets are at record highs, it has become abundantly clear that what is good for Wall Street isn't good for Main Street. The entire idea behind supply-side economics has been that if you give the rich more money, they'll make increased investments, which will in turn result in better lives on Main Street.

We all know that's a lie. Increased investment by the wealthy does not in fact produce better jobs and wages for workers.

But not even the first part of the corollary is true. These days the rich aren't even bothering to invest a huge amount of their growing hoards. They're just sitting on massive piles of cash

That great sucking sound you hear is the trillions in cash the Rich are offshorning. Money that could be used to power our economy and rebuild our nation's infrastructure.

IronLionZion

(45,268 posts)
4. A lot of "investments" don't create many jobs
Thu Jun 12, 2014, 01:10 PM
Jun 2014

especially if its more along the lines of speculation or something that is essentially pushing money around without producing anything.

And then stock analysts and fund managers put tons of pressure on companies to cut costs to get favorable stock pricing, and that slows hiring and internal investments in new equipment or growth.


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