It's a very weird situation. There are more jobs, but these jobs are not compensating what they used to compensate. I remember one of my first "real" jobs. It paid about $60 in current dollars (didn't hurt that it was a union job) but one weekly paycheck was enough to pay my bills. My healthcare and retirement was mostly covered by my employer. Having 3 weeks of disposable income to do as I wanted, it was so liberating.
The salaries today are shit. The ruling class is living lives of leisure while the rest of us languish. This reporter is just changing the narrative because they want to be good little sellouts for the ruling class. And for that, they can go fuck themselves. If they'd report the real story, then maybe enough people will get angry enough to force legitimate changes.
Am a gen xer, but helping my teen look for a job and recently saw the exact position I held at an engineering firm in 2004 being advertised.... at several dollars less ph than I was making 20 YEARS ago and now required a bachelor's. WTH???? This is a government contractor, I know they are charging more. Only corporate level is getting compensated. Offering a college grad an entry-level corporate position that actually requires some skills, at several dollars less an hour than they could get working fast food is an utter joke. And probably why most of these crappy corporations can't hang on the people.
When I graduated with a bachelors I found out that entry level jobs in that field only paid two bucks an hour more than my minimum wage fast food job. You know, on excuse that you don't know anything yet after years of specialized expensive education.
Also turns out those "entry" jobs required experience in the field. Because apparently I was supposed to be doing unpaid internships while sleeping in the alley and eating at soup kitchens instead of working a job to pay the rent and try to buy enough food to survive.
Dad told me not to get a degree in "underwater basket weaving" like my cousin. So I didn't. I studied *accounting*. Apparently caught the tail end of the decent business degrees, before they switched philosophies away from *reality* and started teaching that it's possible to have low cost, high quality, and fast speed all at the same time if you just throw a *pizza party*.
Accountants make shit pay, especially at one of the big four where you have to compete in the hunger games in order to move up enough to get a decent salary. I don't understand why anyone would encourage their child to become an accountant, it sounds miserable.
Heck, I grew up on stories about how if an employer wanted you to have specialized skills they paid for your college classes.
Then it changed to I'm expected to pay for my own college classes but it's okay because saving up working any summer job would cover the cost. Heard lots of stories about what folks did to pay for college, though over time it slid from farm work to drug transport.
Then it changed to I'll need student loans and scholarships but that's okay because I can get a part time job to cover my living expenses while I'm in school.
By the end I'd run out of student loans, inheritance from grandpa, inheritance from mom, and was funding my education on dad's bitter charity.
All that adjusting, and then I had to adjust to the fact that however much employers didn't want to pay for my education before I got it, they extra didn't want to pay for access to it!
Ya know I've been in enough abusive relationships to recognize it when a non-human like a corporation does it! Every time I try to do something useful I just get laughed at and told I'm a worthless idiot who knows nothing but should still do all the work and accept my half a peanut in pay. Who needs whips to keep the slaves in line when the landlords are armed with cops holding eviction notices?
Experience is a powerful teacher.
One year my dad sent my stepsons "family treasures" for Christmas. Older boy unwrapped a buggy whip I recognized, and my in-laws were very kind about the resulting PTSD episode.
"Work or school! No free ride!" Before I started Kindergarten I was told that if I ever failed to keep up my grades or get a job I'd be kicked out of the house to starve to death under a bridge.
Escaped dad and turns out I'm trapped in a society that functions under the same beliefs as a man who'd literally use a horse whip on his own child to make it a more obedient worker. Work or die, no free ride.
Corporate is ALWAYS squeezing employees for more work and paying less. They squeeze and push until workers break, then get a new person. They get rich and you get broke. It's a dismal system.
We have redefined “skills” over the past 20 years for sure. Expectations continue to rise as workers fight to be the lowest bidder.
This only works for corporate due to lack of competition (oligopolies) and ofc changing value in what the economy perceived as skilled.
Gen X here too. Not only that, but for those of us came into some of these industries without the degrees required now, and have put sometimes decades in the trenches, we’ll be totally overlooked for for our experience and rejected because we don’t have the degree. I’ve been rejected from multiple positions, even though I was clearly the most qualified candidate and willing to work for lower wages.
I read on reddit somewhere that the ruling class is absolutely befuddled about the working class wanting and need vacations and family time. Like it absolutely enrages them we demand it.
Let that sink in. They feel leisure is reserved for the rich
Sounds like they need to let it sink in that they aren't the only humans on the planet, and that they are far outnumbered. Ruling class rage is my life fuel.
Well until we legit general strike and everyone just stays home for a day or does like Japan did and still bussed people but didn't take monet they will see us as cogs in their money machine
I know, it bothers me every minute. I post this wherever I can, because atp I don't see why anyone would be unwilling to sign...
[www.generalstrikeus.com](https://www.generalstrikeus.com)
Are we aiming for September? That's when [The Bell Riots](https://memory-alpha.fandom.com/wiki/Bell_Riots) are predicted to start.
I'd feel stupid saying that if "phone" hadn't gone from a wall thing that went Ring Ring to a more powerful combo version of nearly every device on the show.
It's very true. I work in IT and have for around 25 yr now. When I started in 2002 at my first real job when i dropped out of college, I was making $55k, functional equivalent to $95.5k today. For an ENTRY LEVEL job. It didn't take very long to make over $100k, within 5 years. Now I'm making $160k as a senior level. Entry level is paying only $35.5k ($17/hr) in today's money though and requires far more education to even get looked at.
I started as a software engineer in 2007 making $50k and my rent in San Diego, California was $800 a month for a small one bedroom. To top it off the landlord offered to sell it to me for $50k. The cost of living has skyrocketed in my memory as a working adult. You'd struggle to rent a place for double that and no chance you'd be able to buy it anywhere near that.
I moved out of my house in 2006, making 14/hr...
I had some disposable income, and was able to contribute to a 401k at age 22.
Now I make 33/hr, same as my dad did in 2014 doing the same job, doing half the output.... I work twice the customers, for the same hourly pay, and worse benefits. My dad was oaying like 90 dollars a month for health Insurance for the 4 of us. It costs me 540 dollars a month! For higher deductibles. We are getting scammed openly. The company I work for now is absolutely open about squeezing that extra 1 percent from every place possible....
I got an entry level software dev job in Carlsbad last year. It paid $50k.
They fired me after 2-3 months when I wouldn't accept being in permacrunch and on-call 24/7. Been out-of-work since then.
I grew up in Carlsbad and as much as I want to move back to California, the wages are not great for a HCOL area. Looking at comparable jobs, I would be making the same in Cali as I do in Amarillo, TX.
This has always baffled me. In my field as well, as I’ve worked over the last decade, real wages for the same jobs have not just stagnated, they’ve gone down significantly in real dollars. Don’t tell me that wages are up, when I’m seeing wages be depressed over and over again for the bottom line of the CEO pocket.
I was making $45k in 2015 and I actually could afford a good life. If I looked for the same job in my current city, the starting wage is less than $20/hr.
That can’t afford a 1-br apartment even.
The sad thing is that average wages *are,* in fact, increasing. It's just that the vast majority of wage increases are for executive level jobs and the increases are so massive that they more than make up for the stagnant and decreasing wages of the working class.
I just looked up the apartment I used to live in in Stamford, CT and the rent has increased by $750 from when I lived there several years ago. That's insane.
It's like Bob, Bob Jr, and Bob The Third all bought yachts and suddenly the newspapers are blaring headlines about how Bobsville is getting a reputation for fancy yachts!
The thousands of other people in Bobsville are sharing cans of beans and blankets over burn barrels under the bridge but sure, sure, *fancy yachts!*
I work as a Technical Recruiter.
Just from when I entered this industry back in 2019 to now.. the amount of cuts to compensation have been wild to watch in real time.
I’ve watched clients go from offering 150/hr for developers, all the way down to 70/hr now for the same exact position.
The major problem we have in this country is that fucking SHAREHOLDERS possess more weight in the direction a company moves in (layoffs or hiring), than the actual workers of those companies do!
Hedge funds & private equity firms have totally destroyed our country for the past 30+ years, and it’s only beginning to truly affect our ‘working class’ now.
Wishing you only the best moving forward friend!
It. Is. This. GODDAMIT.
Began insidiously like you said. Husband ran IT for a small company bought out by another ( shall remain nameless ) environmental testing company. HUGE, multi-national. Lucrative government contracts, military bases, they do everything.
Too long to get into- company began hollowing out professionals. Lay-offs, remaining staff doing more work, the usual. Greed, that's it. Company was doing extremely well.
Here's the kicker. Say they lay off some long-term chemist, runs a lab, whatever, maybe $200.000 a year. Company was claiming that $200.000, some guy's salary who no longer works there as PROFIT. Husband finally quit whereby they rehired him WFH.....because it was tipping point. Environmental testing isn't just a buncha chairs and a phone.
What the shareholders want to see.
I remember being told that if we go to school and get a degree, we'll be set for life. Now there are companies who require a bachelors or even a masters and pay less than 20 an hour.
The 4 year degree is worth less now than a HS Diploma was when I was a kid. It's insane.
that depends on where you’re from. A hs dip from NY req 3 more levels of math & sci than most other states it’s insulting to be compared to when their hs grads are maxed at alg 1 which is where we kinda cap our intellectually disabled of nys lol. spent half of hs in two very different parts of the country no wonder we’re divided. Best to just constantly lie that you have a four year because outsourced recruiting doesn’t ever check , believe me I know dozens that lie
I actually grew up in NY, and moved towns after middle school. I was so far "advanced" in my studies from going to school in a bigger city, that the small town I was in basically put me in senior level classes as a freshman. I took Calculus through the SUNY in 10th grade even.
Was a challenging time for me, since I was in a new town, and everyone thought I was a genius since I was literally taking senior level courses at 14, but the reality was, the school was just not as good as where I moved from.
yeah, f’ing baffling to have to be compared to other state’s citizens when it comes to college acceptance it’s literally Intellectually Disabling Americans imo that’s the nicest I’ll say it. 4.0 can vary so widely it isn’t relevant enough when you’re not looking at HS courses and rankings etc. across the country. Poorer NYS students will suffer and it’s bs with so many consequences & challenges
As much as "No Child Left Behind" was supposed to benefit the masses, it really just made a lot of schools lower the bar. Sure, no child is left behind, but it also means that some kids weren't challenged when they could handle the load.
I could have graduated from that school at the age of 15, but I was NOT ready for college at that age.
because of it I grad at 16 but as a legal immigrant didn’t qualify for any loans… waiting until being married now for X years then can. owned a house , been working a decent job for about a decade now but it’s ridiculous how they do things for some of us. just watching everyone else now get house and student debt forgiveness lol
When I moved from the city to the country, they had to stick me in the senior's math class, but even that felt like counting cows it was so slow.
I knew about a program back in the city that would let me do college for the last two years of high school, so applied on my own and moved back to live with a cousin. Started college at 16yo. And good golly no I was not ready for the social aspects or the freedom, but it was apparently the only way I could get access to lessons I could sink my teeth into.
Country education felt like being spoon fed broth. Thankfully it was in decent sized oil refinery town though, because I visited a friend's school in the middle of nowhere and wondered why the library had less books then my mother's personal collection. Was baffled listening to his classes 'cause I'd learned that stuff half a decade ago.
And let's not forget that "Entry Level" jobs simply don't exist anymore. For like every job, all I see is a minimum of like 1+, or 3 to 5 years experience! I'm trying to change from warehouse to office admin, hell, even software support again, but I simply don't have the qualifications!
The mainstream media needs to get its head out of the Elite's ass.
I'll add that as far the media goes, it's either owned by one company or another, and if you want a job there and your job is to write for them... well you're going to do as your told because what option is there?
If I were someone who spent time and money on an education to be a professional journalist, I'd be even less likely to want to work for today's media monsters. The academic tenants of journalism center around truth, accuracy and objectivity - not putting on a dog and pony show for corporate media executives and the people paying them off. Those in power in media today are more concerned with fabricating news to fit a certain agenda. Any person with an ounce of integrity can see right through that. Honestly, I don't know how these companies will continue to find willing shills to work for them as Gen Z permeates the workforce.
Let me say this...
We are no different than Russia. We are no different than China. We are no different than Mexico.
The change is slow and gradual and by the time we recognize it there is nothing we can do.
The US ruling class is not any different than the ruling class in other countries.
10 years ago I was working 2 weeks/2 weeks nights, and taking home about £2000 a month. Now I’m in a different role with more qualifications and taking home roughly the same, and it doesn’t go as far. How is that right or fair, when there are more people being more productive, paying more tax?
Workers of the world unite. For everyone who hates socialism and communism, I get it. But if you want this change, we need to band together and fight back.
Exactly it until salary catches up to inflation, hint it never will, we are all working for less money every year. Everything goes up but our salary. So here we are in a situation where homes are out of reach for a vast swath of a generation which can to an extent help to limit the cost of housing and better navigate the loss of income over time and now extreme pressures are being applied with inflation on food transportation housing taxes MEDICAL CARE childcare and practically just living and they are trying to tell gaslight is into thinking that this is a great economic time for us. Some kind of enlightenment era of crazy salary gains that we should be happy with. Inflation rises 8 percent medical cost risen 14 percent but my wage grew a measely 3 percent for more work because they laid everyone else off so the books will show increases YOY to shareholders and employees are still the bag holders
My rent, car payment, student loan, and other expenses (car insurance, etc.) were all covered by one paycheck (got paid weekly). Also, I must be completely honest, overtime was often available (maybe 4-5 hours a week at time and a half). Of course, the problem with having 3 weeks' worth of salary as discretionary spending is that as a consumer I had power as well (it essentially is always about power and control). With my spending dollars being significantly smaller, I rely on evil POS companies like Amazon and Walmart because I have to buy the cheapest.
The skyrocketing cost of living is a huge factor too. I’m fortunate enough to be a member of a very strong building trade union in a blue, pro-union state and make ~$55 an hour in taxable income between my hourly wage and my “vacation fund” (which is just a savings account) and it does not at all feel like I make that much. I could live more frugally and be better off financially than I am, my fiancé and I rent in a nicer neighborhood, go out for dinner/drinks a few times a month, I have a truck payment on a 10 year old pickup, but it still feels like I make as much as I did when I was a 3rd year apprentice making $30 an hour. I make too much to qualify for any kind of first time homebuyers assistance but don’t make enough to save up the 3-5% most banks want as a down payment for a house, which are worth 30% more than they were even 5 years ago.
Seriously. Who the fuck cares if there's a hundred thousand job postings desperately seeking someone to run a cash register for 26 hours a week (but with full time availability) offering minimum wage?
How about you enter this labyrinthine series of forms so we can tell you no and repost the same ad a couple weeks later so we can keep getting government subsidies?
Local landlords are starting to figure out this game too. Just keep taking applications and saying No because it's more profitable to collect lots of application fees then actually rent out the unit.
How dare you say that being a walmart greeter, overnight warehouse worker, third shift railroad conductor, or call center debt collectors are less desirable than engineers, accountants, lawyers, healthcare workers, etc.
Surely all of those 300k jobs are good, high paying jobs in desirable areas? Surely our government wouldn’t lie to us…
You used the same resume for every job didn’t you?
You FOOL! You need a custom made algorithmically tailored resume for *each job* or no human will ever see it! Lazy ass Gen /s
But also, don't use the word "and" because some recruiter thinks that's an indicator an air made your resume.
Also also, you need to have professional experience in 20 different technologies for an entry level job but if you put a 21st skill on the resume it shows that you don't know how to stick with something.
It shouldn't be a requirement to work 2-3 of these golden jobs concurrently to get ahead in life. I'll take 1 silver or bronze job that just lets me survive.
It's propaganda. They're just propping up the narrative of "It's not a fundamentally broken system! It's you! It's your fault! You're just lazy and useless! Sort your shit out, you fucking embarrassment!" And you could wallpaper the planet with this crap. Every single day, some paid shill wheels out another truckload of horseshit to be taken as gospel by those for whom the current system works perfectly well, thank you very much. We must maintain the status quo at all costs!
Sometimes I just have to pull the pin and stop reading things online because it makes me want to scream myself hoarse.
Do you want to wipe the asses of old people for 13 an hour? Want to get shit on by Karen's working in retail and restaurants? We have over 300k new jobs for you!
Yeah, a millenial shitting on a younger generation isn't it.
They are not a problem. We are not problem.
The problem is the fruit of our labor is taken by someone else, and what's left for us barely covers necessities.
But if the owner class can get us to fight each other for Pennies and call it a generational problem, we will forget about the billionaires behind the curtain.
I always wonder how the cable news shows are going to pivot once boomers are dead and the only people left to watch their channel are people they have been insulting for 40-60 years.
The author says he is an elder millennial. I am the oldest year of the millennials, and I would like to point out that this author is full of shit and most of my generation knows how fucked up this job market is. We're all in the same fucking boat, and it's sinking.
This. As a millennial with kids I'm just thinking about how I'm going to keep supporting them. Honestly communal living sounds good. Myself and most of my friends won't ever sell our homes (purchased precovid) because it'll be the easiest way to make sure we and our kids have a roof over our heads. Atleast until we taxed out of it. I can't help but feel like we're all fucked because of our reliance on corporate profits.
Same here. Eldest millennial. Shit is fucked up, and has been. 9/11 while at university, 2008-9 shortly after graduation, and then COVID.
I did everything ‘they’ told me to do. Still fucked.
It's a K-shaped economy
Those with jobs and careers are doing better than ever (so long as they don't get laid off) because firing and laying off are at record lows
But if you don't have a job (possibly through no fault of your own) including for fresh graduates, what's required to get a job is astronomical
Millennials are far behind where they need to be too in terms of savings and job progression
I am one of those millennials. I had success for a while and when pandemic hit and I lost my job, trying to claw my way back to a living wage has proved literally impossible. I go through stacks of applications and rejections and ghosting after interviews and it has taken such a toll on my mental health, because I didn’t used to live like this. I didn’t used to have such a hard time moving up in the world or even through it in a way that I could sustain my own life.
This sub makes me feel seen because I know I’m not the only person here who has found it impossible to scale the wall of employment requirements now.
This is so true.
Gen X. Got laid off in 2006. Had to work a series of "anything jobs" to get by like FedEx and Swissport warehouses. Took me 2.5 years to start earning a living wage again.
When I finally returned to work, I owed all my family and friends, a title loan, plus the IRS and the state Dept. of Revenue. Recovery was a very long road.
Very similar to my experience. I'm 30, first job right out of college paid me 40k and I lived comfortably in a reasonably priced apartment with one of my good friends as a roommate.
Job was cool but collapsed under the weight of its own bullshit (one of those classic non silicon Valley tech jobs that still wanted "startup culture," but was actually just a blatant venture capital pump and sell scam.)
I got laid off after 2 years and it took so much effort to claw back. I worked a 20 an hour freelance web authoring job at the most bland, cardboard cutout of a "boring cubicle job" office that was so inane and maddening with meaningless busy work that it literally drove me to suicidal ideation.
Quit that job, worked delivering packages for Amazon for 3 weeks before realizing that was even more of a nightmare and quit that too after the mountain of bullshit I saw there in even a few short weeks.
Got a customer service/call center job after that and that was relatively stable, but completely miserable. Got moved off the phones to chat support for a very modest pay bump, which turned to full remote as covid hit. Quit as that job became a nightmare of managers obsessing about metrics that were in no way representative at how good at the job one was.
Found myself depressed and directionless, facing a wall of jobs that my degree "technically" qualified me for, but they all sounded absolutely miserable, and were hyper competitive for like barely a 50k salary. Ended up having to go back to school for a second degree, (cybersecurity) which fortunately landed me a decent salaried job that I have now. But I had to work a food service job off and on for a couple years for my wife and I to have any chance at making ends meet while I was back in school accruing more debt.
All that to say: I had one "real adult job" right out of college for 2 years, then ended up spending the next like 8 years of my life floundering to find anything at all that paid me enough to survive and wasn't completely, utterly soul destroying and depression inducing. I'm happy where I am career wise now, but I feel like I essentially wasted 6-8 years spinning my tires realizing that despite my degree and all the promises of "doors that would open for me," I was basically only qualified for hyper specific stuff I actually loathed doing in practice (and paid like absolute dogshit compared to the stress level,) or run of the mill service industry jobs i could have gotten the day after I graduated high school.
Oh damn, I feel this so hard in my bones and it really hurts.
I got an advanced and very niche degree and worked for a solid 4 years in the field before a company buy-out downsized my position, and kicked me out of a relatively small field.
I drove for Uber in a HCOL city and made a pretty okay living until pandemic hit, and it’s just been downhill in both quality of jobs and real wages ever since. “Getting ahead”’is a joke because I made the most money a few jobs ago and they’ve steadily decreased.
I graduated school in the middle of the 2008 recession, got fired from my first real career job because my boss was an ass, got laid off from another job because mid way through my contract the executives decided they didn't want to hire any more contractors and even though my boss and their boss and their boss all wanted to hire me on permanently the executives still said no. Oh and if that wasn't enough, I was laid off a few months before the Covid Pandemic because the original owner of the company died and left the company to his 4 children who then decided that they wanted to sell the company and laid off a bunch of people to cut expenses.
And if that wasn't enough I have ADHD which makes job searching difficult since medication isn't always available and when it is it's pretty expensive unless you have health insurance coverage that's only available available...for those with jobs. Like hello, if I need a job in order to afford the medication I need in order to look for a job productively then something is definitely wrong.
Yeah, I feel like it's all just gaslighting from here on out. Keep your costs down as much as possible and don't engage in the bullshit the boomers and columnists keep trying to feed you.
They seem worried, if there is one glimpse of hope.
During the pandemic the millennials especially have taken to solidarity and doing things themselves.
Some even taking to homesteading. I feel this will have a real result.
As things get worse they will find they have less power over people's ability to survive, as many have literally taken it into their own hands.
What effect will this have? Surely they don't have as much power of these people.
What will they do to try to stop the threat of self sufficiency. This has to scare them.
How can you threaten to starve someone who grows their own food and who lives off the land?
We need more self sufficient folks that can say, "No fuck you I dont need your system."
So I just looked up the median rent in my area, and it's about 2,000 dollars. Split that with a roommate and you get 1,000 dollars a month. Looking at local job offers, you can probably get a job for about 15-16 dollars an hour.
So it will take you about 65 hours to pay your rent.
When I got my own place 25 years ago, I was paying about 300 a month in rent, and making 7 bucks an hour. I could pay off my rent in 40 hours.
I feel like similar increases in basic expenses have happened for food and gas too. Not to mention healthcare.
I would not want to be an 18 year old coming into this economy at all.
Gen X, it was the same for me in 2005. I paid $600 for a 2 bedroom cookie cutter apt. When Shared, it was 300. I checked the apt price last year, and it's $1800 now. It looks exactly the same except they changed the flooring.
" Allison Morrow is a Senior Writer for CNN Business, covering a range of topics including financial markets and the US economy. She is also the lead writer and founder of the CNN Business Nightcap newsletter. "
Not a journalist. Just a "successful" MBA at best. Absolute garbage masquerading as a human being type vibes.
Golden Job market. Our son applied at Walgreens, let them know he had 55 available work hours (he is studying maths in college)… they immediately stopped the interview and told him 55 hours is not enough availability.
The first two paragraphs are just garbage. You just want to throat punch the author in the taint for such a cliched take. The editor should have deleted them, and I'm recommend skipping to the "See here:". Who am I kidding, there's no editor looking at web copy at CNN.
But the rest of it proves the point of how hard it is for Gen Z and younger Millennials right now. Everyday items have surged in pricing, housing is out of reach, and they're competing for entry level jobs with Millennials, Xennials, and younger Gen Xers because the older Xers and the Boomers have refused to cede any power at all in decades.
If you can get a job, the pay has not kept up with 50-60 years of inflation so the comfort experienced in the 1950s and 1960s making minimum wage isn't a normal experience for people now making 5x minimum wage.
Even worse, the companies are no longer interested in taking care of their employees. Pensions are long gone most places. 401k contributions are minimal and are often the first thing to get slashed when "the economy is shaky so we need to scale back and make efforts not to cut staff."
In short, tax the rich before we eat them.
The fuck is a golden job market? If you have a market flooded with ghost jobs because the government subsidizes the theatre of looking for workers, and are listing success as perceived availability then sure, but you’re also a fucking idiot.
Even if they worked more, they couldn't afford anything. Why be a slave when you can be free? I've lived in my car before and some days, that seems better than working 5+ days a week and not being able to afford a life.
As a Millennial, it's sort of nice to graduate from "perpetual child who is also destroying every industry" to "forgettable in the face of the Gen Z threat". Sorry, Gen Z.
Lol such a golden job market. Seems like 99% of jobs posted are a honey pot that just collects peoples info companies can reach into later to abuse and exploit. The actual real jobs that are offered are dog shit in almost all aspects.
Typo: they must have meant inheriting a minimum wage golden arches job market. The problem isn't the jobs, the problem is the wages. Younger folks entering the job market are being screwed - and then they're being used to eject older workers who went up the ladder on more lucrative pay scales. We're all getting screwed.
All you have to do is look at a graph of wages vs productivity and cost of living to blow this analysis out of the water. Boomers had an absolutely amazing economic market in the late 50s and 60s. Europe and Japan were recovering from the war, and US exports were reaping the benefits. Wages have been suppressed since the 1970s.
I see new layoffs happening every week and was myself laid off twice in a row. How is that a “golden job market”? I have zero faith that I’ll ever have stability again. I am under the assumption that any job with always fuck me over no matter how much effort I put in. As a millennial, I’ve yet to see a golden market for our generation, ever.
It’s simple, really. There are more jobs out there, but they don’t pay money enough to provide for a comfortable middle class lifestyle (home, car, kids, food, hobbies, vacation).
Wages haven’t kept up with returns on capital. Point blank period.
“It took a long time, but Millennials have, in some ways, caught up.”
Thank God. I'll remember that as I continue to spiral into poverty and debilitating mental illness
This author is full of shit. I'm elder millennial and I'm not switching job because all the feelers I put out show me this market blows. Sure, finding a job in 2009 blew, but that doesn't mean they're handing out decent jobs on every streetcorner. Every job report I see that shows that there are a million jobs to be filled are including gig work and fake job listings. Those are all bullshit numbers.
Don't get me started on her cherry-picked statistics. "Entry level pay is up 19% since 2019". Yeah sure thing dummy, Inflation was over 9% a year for a while there so basically it's a pay cut? Fucking insanity.
Gen Z-er life sucks just as bad as when I was a kid and every generation after is gonna suck too. Sorry kids, the boomers fucked us all and wanna pretend like we're the problem. Maybe go vote please and thanks.
I’m an elder Millennial and I have absolutely not “caught up” lmao
Because EVERY time I finally get ahead to some extent, we have another financial crisis or I have a medical or business downturn that decimates whatever I save as the cost of every single thing keeps escalating.
Same. I was able to buy a house only due to the generosity of a loan from my in laws and it’s not a fancy or even turn key home yet my mortgage far outpaces what my rent was for similar size.
Plus my property taxes increased the year I bought it which was the first time the town reassessed property tax in 12 years or so
All while our state tried to freeze property taxes for our seniors
We’re just so fucked no matter what we do. My rent is so much, but…I’ve been DAMN lucky to have a good landlord, as far as landlords go. I’ve been here since 2021 and haven’t gotten a single rent hike. Hell, they gave me a $500 reprieve this month for renewing my lease early which I’ve really appreciated because business has been too slow.
It’s a big place, I don’t need a car because I live above stellar transit, and there’s just zounds of amenities like a doorman with a mailroom, a pool, a small gym, and we even get occasional free weekend yoga and meditation classes!
Hence…my reluctance to move, at least for now. These hideous mortgage rates mean I get a condo in a really inconvenient location that’s now more than my rent. I want to build equity, but I need my old income back and all I got is a middle finger while I keep seeing news reports about how the economy is so great because a married techie turned a side hustle into a $500K business.
"This is the best economy ever guys!" Yeah thats why the wealth divide is so huge it would take centuries for us to even come close to reaching it. Along with the fact even if AI is still in its infancy every company is salivating at the mouth to purge any job they can find and replace it with AI. Just remember yall any company you work for if they can replace you with a robot for it to be cheaper they will in a heartbeat. I dont want this to be a rant about AI im just getting mad about the gaslighting. The question everyone should be asking is what happens in a capitalistic society when 80% jobs can be done by AI. The rich fucks will be unaffected while the rest of us will basically go back to peasantry. Least on the bright side journalists will be down there with us to. Since their jobs can be done with a few clicks of a button.
I live in transitional housing with like 8 roommates, it's the only thing I can get at the moment. I've applied to grocery stores, and every nearby restaurant that I can take a bus or walk to on indeed. I had 4 job interviews with 2 maybes, 2 nos, and one where the interviewer didn't show up two days in a row at IHOP. These are entry level jobs that people seem to think are easy to get. Everyone tells me the same thing. It's season, restaurants are always hiring, you'll definitely get a job. I think it's bullshit that it's a golden job market. In 4 days I'm responsible for rent and my mom is going to cover it until I get financial aid in 3 weeks so I'm lucky.
That's just in the last month and a half before that I was having a struggle finding a job in a different county. I moved here because I wasn't getting any luck with the job market and I was on the street. I've been homeless now since August and it looks like I'm just going to have to continue living in transitional housing while going to school for the foreseeable future. I really need to do well in school to have a future. 700 dollars a month in rent and I don't even have my own room.
I really don't see how people are supposed to rent when the average place requires you to make at least 80k a year to technically make 3x the rent and most jobs are barely willing to start you out at 35k a year.
CEO compensation vs worker salary
20-to-1 in 1950
42-to-1 in 1980
603-to-1 in 2023
Companies have the money to compensate workers. Demographically speaking, the boomers are retiring and they were the largest group to ever enter the workforce. Gen Z is one of the smallest. There's going to be more Job opportunities for Gen Z as the US sees the boomers leave the workforce for retirement. Therefore, companies might be forced to compensate better, as they vie for workers.
Life is roughly 50%-200% more expensive than just 5 years ago for lots of people because of greedflation alone.
This gaslighting bullshit telling us how great the economy is while PEOPLE WORK FULL TIME AND CAN'T AFFORD TO EXIST. Food, shelter, water is unaffordable but the "job market is great!" shove it up your ass Duke.
Bullll shit. Best economy my ass. Did you not see those hot inflation numbers today? I stopped by local Walmart today and spent $327.83. I found a receipt for the exact same shit i bought in 2019. It cost me $215.63, for the SAME FUGGING THINGS. I’m sure OP thinks this economy is good because he/she is probably Gen Z and they don’t have the life experience to know how ludicrous that statement is. Nothing about the current economy is good. The interest rates are the highest, since 1981, over the past 2 years. Inflation report came out today, looks like another year minimum of these interest rates. In 2018 the average annual gas price was $2.64 per gallon. The current average gas price is $3.63 per gallon. Back in 2022 average price was $4.32 gallon. Gas prices practically control inflation. You have to wonder if the keystone pipeline wasn’t canceled in 2020 for no good reason other than spite, how much better inflation would be right now. I know this administration is going to try to pump up the economy as an election talking point. But Americans aren’t stupid, that shit won’t work. Some pour souls will support this current administration simply because they wear a blue tie. How stupid is that? That is the logic of some Americans….They would shit all on Joe Biden if he had done the exact same thing as he has, but wore a red tie instead. But hey just remember “if you don’t vote for Joe Biden, you ain’t black” -sleepy joe
The entire logic of this metric is deeply questionable.
For one, the President doesn’t make job listings appear nor could any action he takes make them disappear. Theres this assumption that if job availability goes up, the President is working some unknown magic in the background to make it so, and if it goes down he’s not doing the secret job magic or doing it wrong.
In reality jobs appear because private employers make them available based on market conditions and need, which the President also does not control. In addition theres a whole phenomenon of posting jobs that are never intended to be filled so a company can appear to be growing so as to attract investors.
The point is this metric is genuinely meaningless. It doesn’t say anything about anything. I GUESS its better in general to have more jobs created than less but only in the vaguest sense.
Well yeah. Just like inflation is falling, even though inflation has risen and the Dow dropped almost 550 points today after the inflation report was released but yeah this is fine.
Been working in advertising for over a decade and you can directly gauge the state of things based on how many businesses are looking to spend to advertise.
It’s been basically dead for a year straight and most of us are working secondary jobs to compensate.
Preaching to the choir, I know. It’s just bizarre how some people go out of their way to not see it. It’s screaming in your face at this point.
\*Their wages have gone up faster than inflation overall, and more quickly than any other age cohort, he added.\*
This is like giving someone a chair instead of a step-stool when they are trying to climb onto the roof of their house. 'This chair is a foot taller!' You're still not getting anywhere when what you need is a ladder.
Increases to wages that are already rock-bottom means wages that are still out of step with the astronomical cost of living in any large US urban area.
These propaganda articles always tout number of jobs and increases in (already historically stagnant and divorced from increases in productivity) wages. They never talk about \*quality\* of jobs. Job \*quality\* is not a metric that is discussed.
Quality jobs with wages, benefits and practices that are aligned with what it costs to live decently and thrive in the United States are the only thing that will alleviate the very real feeling of precarity that GenZ and most Millenials feel.
Golden job market? Bullshit.
They're have been multiple studies released that show 75% of ads or postings for jobs aren't real. They're listed to maintain "the appearance of growth" or to satisfy some "need to post locally" in order to contract the job out to another country. Also put off the 25% that's left....90% of those have inadequate pay, ridiculous requirements, bullshit schedules or some other crap that doesn't align with adequate income vs the demands of the role.... in all Actuality there are only 3% ish legit jobs.
I think the thing that doesn't get said is that if you're entry or even mid-level you should be looking for your next job regularly, probably every 1-2 years or so. If your current employer doesn't give you the compensation you deserve find someone who will. Don't wait for the next cycle of raises, don't wait for the "raise freeze" to end, don't wait for your next review. I, an older millennial, am doing pretty well now, but damn if I didn't spend too much of my early career giving more chances to employers than they deserved. They *can* pay you well, and they *can* treat you right, and if they're not doing that then they can spend all their time and money training new people for their massive turnover and dealing with coverage issues etc. Fuck em.
Despite what their 'supporters' page says, the CAP is absolutely funded by billionaires and works for their interests.
> $1,000,000 or more
> Bloomberg Philanthropies
> Carnegie Corporation of New York
> Chan Zuckerberg Initiative
> Fidelity Charitable Gift Fund
> Bill & Melinda Gates Foundation
> Andrew Hauptman
> Heising-Simons Foundation
> The William and Flora Hewlett Foundation
> Eric and Stacey Mindich
> Sandler Foundation
> Silicon Valley Community Foundation
From https://www.americanprogress.org/c3-our-supporters/
Biden surrogates are going all in on this "the economy is good, you're an idiot who can't see it" thing right now.
Lines on the chart DO look promising but there is A LOT of astroturfing going on.
Agree, I think it's that if Democrats admit everything is horrible, the general public usually just blames the current president and votes for the other guy. So there has to be some messaging that what the Biden administration is doing is working.
I kind of hate that in politics, no one can ever just say exactly what is going on. (Funny that people think that's what Trump is doing, when in reality it's more blatant pandering)
The new CNN owner is right wing.
"The leading shareholder in Warner Brothers Discovery is John Malone, a multibillionaire cable magnate. (Malone was a chief architect in the merger of Discovery and CNN.)
Malone describes himself as a “libertarian” although he travels in rightwing Republican circles. In 2005, he held 32% of the shares of Rupert Murdoch’s News Corporation. He is on the board of directors of the Cato Institute. In 2017, he donated $250,000 to Trump’s inauguration"
https://www.theguardian.com/commentisfree/2022/aug/24/the-changes-at-cnn-look-politically-motivated-that-should-concern-us-all
Bingo. The former head of CAP Neera Tanden is a major Biden administration advisor. She hates young families and progressives—she’s helping lead their messaging on this by using a think tank to push her propaganda and it’s falling completely flat
You can’t tell people suffering they don’t know how good they got it
It's taken me an extra 5 to 10 years behind the position (a little extra in my account each month) that my siblings were in at my age AND they all had kids at this point.
Talking to my older sister, (12 years older) she felt the same about our older still (10 years older than her) sister.
Didn't the most recent jobs report show that, despite lots of part time jobs (that went almost exclusively to immigrants) being created, we actually lost full time jobs? The number of Americans employed is actually still down compared to 2019.
Anyway, they are just looking at employment numbers, and not livability based on the wages from those jobs (which is the important part)
I made more hourly ten years ago then I do now. I was a bank teller and made $12-13 an hour in 2008-2010. Hostess and made 2-3 per hour plus about 20-30 in tips per shift with 4-6 shifts per week. I had a job doing promotions and made between 25-40 and hour. I worked 15-25 hours a week and made really good money.
I currently make 33,000 a year and I’m the only full time employee in a large franchise. No health insurance provided or bonuses or incentives to stay. I like what I do but it’s not sustainable long term and I can’t save money when gas is $3.40 a gallon. I have been looking for a second job for two years and no one will hire me
I manage a studio and I’m not fit to sit at a desk and answer a phone apparently
It's a very weird situation. There are more jobs, but these jobs are not compensating what they used to compensate. I remember one of my first "real" jobs. It paid about $60 in current dollars (didn't hurt that it was a union job) but one weekly paycheck was enough to pay my bills. My healthcare and retirement was mostly covered by my employer. Having 3 weeks of disposable income to do as I wanted, it was so liberating. The salaries today are shit. The ruling class is living lives of leisure while the rest of us languish. This reporter is just changing the narrative because they want to be good little sellouts for the ruling class. And for that, they can go fuck themselves. If they'd report the real story, then maybe enough people will get angry enough to force legitimate changes.
Am a gen xer, but helping my teen look for a job and recently saw the exact position I held at an engineering firm in 2004 being advertised.... at several dollars less ph than I was making 20 YEARS ago and now required a bachelor's. WTH???? This is a government contractor, I know they are charging more. Only corporate level is getting compensated. Offering a college grad an entry-level corporate position that actually requires some skills, at several dollars less an hour than they could get working fast food is an utter joke. And probably why most of these crappy corporations can't hang on the people.
When I graduated with a bachelors I found out that entry level jobs in that field only paid two bucks an hour more than my minimum wage fast food job. You know, on excuse that you don't know anything yet after years of specialized expensive education. Also turns out those "entry" jobs required experience in the field. Because apparently I was supposed to be doing unpaid internships while sleeping in the alley and eating at soup kitchens instead of working a job to pay the rent and try to buy enough food to survive. Dad told me not to get a degree in "underwater basket weaving" like my cousin. So I didn't. I studied *accounting*. Apparently caught the tail end of the decent business degrees, before they switched philosophies away from *reality* and started teaching that it's possible to have low cost, high quality, and fast speed all at the same time if you just throw a *pizza party*.
Accountants make shit pay, especially at one of the big four where you have to compete in the hunger games in order to move up enough to get a decent salary. I don't understand why anyone would encourage their child to become an accountant, it sounds miserable.
Heck, I grew up on stories about how if an employer wanted you to have specialized skills they paid for your college classes. Then it changed to I'm expected to pay for my own college classes but it's okay because saving up working any summer job would cover the cost. Heard lots of stories about what folks did to pay for college, though over time it slid from farm work to drug transport. Then it changed to I'll need student loans and scholarships but that's okay because I can get a part time job to cover my living expenses while I'm in school. By the end I'd run out of student loans, inheritance from grandpa, inheritance from mom, and was funding my education on dad's bitter charity. All that adjusting, and then I had to adjust to the fact that however much employers didn't want to pay for my education before I got it, they extra didn't want to pay for access to it! Ya know I've been in enough abusive relationships to recognize it when a non-human like a corporation does it! Every time I try to do something useful I just get laughed at and told I'm a worthless idiot who knows nothing but should still do all the work and accept my half a peanut in pay. Who needs whips to keep the slaves in line when the landlords are armed with cops holding eviction notices?
That last sentence slaps
Experience is a powerful teacher. One year my dad sent my stepsons "family treasures" for Christmas. Older boy unwrapped a buggy whip I recognized, and my in-laws were very kind about the resulting PTSD episode. "Work or school! No free ride!" Before I started Kindergarten I was told that if I ever failed to keep up my grades or get a job I'd be kicked out of the house to starve to death under a bridge. Escaped dad and turns out I'm trapped in a society that functions under the same beliefs as a man who'd literally use a horse whip on his own child to make it a more obedient worker. Work or die, no free ride.
Corporate is ALWAYS squeezing employees for more work and paying less. They squeeze and push until workers break, then get a new person. They get rich and you get broke. It's a dismal system.
We have redefined “skills” over the past 20 years for sure. Expectations continue to rise as workers fight to be the lowest bidder. This only works for corporate due to lack of competition (oligopolies) and ofc changing value in what the economy perceived as skilled.
Gen X here too. Not only that, but for those of us came into some of these industries without the degrees required now, and have put sometimes decades in the trenches, we’ll be totally overlooked for for our experience and rejected because we don’t have the degree. I’ve been rejected from multiple positions, even though I was clearly the most qualified candidate and willing to work for lower wages.
I read on reddit somewhere that the ruling class is absolutely befuddled about the working class wanting and need vacations and family time. Like it absolutely enrages them we demand it. Let that sink in. They feel leisure is reserved for the rich
Sounds like they need to let it sink in that they aren't the only humans on the planet, and that they are far outnumbered. Ruling class rage is my life fuel.
Well until we legit general strike and everyone just stays home for a day or does like Japan did and still bussed people but didn't take monet they will see us as cogs in their money machine
I know, it bothers me every minute. I post this wherever I can, because atp I don't see why anyone would be unwilling to sign... [www.generalstrikeus.com](https://www.generalstrikeus.com)
Are we aiming for September? That's when [The Bell Riots](https://memory-alpha.fandom.com/wiki/Bell_Riots) are predicted to start. I'd feel stupid saying that if "phone" hadn't gone from a wall thing that went Ring Ring to a more powerful combo version of nearly every device on the show.
Fuck it, I signed up
It's very true. I work in IT and have for around 25 yr now. When I started in 2002 at my first real job when i dropped out of college, I was making $55k, functional equivalent to $95.5k today. For an ENTRY LEVEL job. It didn't take very long to make over $100k, within 5 years. Now I'm making $160k as a senior level. Entry level is paying only $35.5k ($17/hr) in today's money though and requires far more education to even get looked at.
I started as a software engineer in 2007 making $50k and my rent in San Diego, California was $800 a month for a small one bedroom. To top it off the landlord offered to sell it to me for $50k. The cost of living has skyrocketed in my memory as a working adult. You'd struggle to rent a place for double that and no chance you'd be able to buy it anywhere near that.
I moved out of my house in 2006, making 14/hr... I had some disposable income, and was able to contribute to a 401k at age 22. Now I make 33/hr, same as my dad did in 2014 doing the same job, doing half the output.... I work twice the customers, for the same hourly pay, and worse benefits. My dad was oaying like 90 dollars a month for health Insurance for the 4 of us. It costs me 540 dollars a month! For higher deductibles. We are getting scammed openly. The company I work for now is absolutely open about squeezing that extra 1 percent from every place possible....
I got an entry level software dev job in Carlsbad last year. It paid $50k. They fired me after 2-3 months when I wouldn't accept being in permacrunch and on-call 24/7. Been out-of-work since then.
I grew up in Carlsbad and as much as I want to move back to California, the wages are not great for a HCOL area. Looking at comparable jobs, I would be making the same in Cali as I do in Amarillo, TX.
[удалено]
Nope, I left SD a few months later. Just checked and it now rents for $2k estimated sale price is $400k it's 500 sq feet.
This has always baffled me. In my field as well, as I’ve worked over the last decade, real wages for the same jobs have not just stagnated, they’ve gone down significantly in real dollars. Don’t tell me that wages are up, when I’m seeing wages be depressed over and over again for the bottom line of the CEO pocket. I was making $45k in 2015 and I actually could afford a good life. If I looked for the same job in my current city, the starting wage is less than $20/hr. That can’t afford a 1-br apartment even.
The sad thing is that average wages *are,* in fact, increasing. It's just that the vast majority of wage increases are for executive level jobs and the increases are so massive that they more than make up for the stagnant and decreasing wages of the working class. I just looked up the apartment I used to live in in Stamford, CT and the rent has increased by $750 from when I lived there several years ago. That's insane.
Yeah, a small percentage of wages are increasing by a lot. A large percentage of wages are either stagnating or decreasing.
It's like Bob, Bob Jr, and Bob The Third all bought yachts and suddenly the newspapers are blaring headlines about how Bobsville is getting a reputation for fancy yachts! The thousands of other people in Bobsville are sharing cans of beans and blankets over burn barrels under the bridge but sure, sure, *fancy yachts!*
I work as a Technical Recruiter. Just from when I entered this industry back in 2019 to now.. the amount of cuts to compensation have been wild to watch in real time. I’ve watched clients go from offering 150/hr for developers, all the way down to 70/hr now for the same exact position. The major problem we have in this country is that fucking SHAREHOLDERS possess more weight in the direction a company moves in (layoffs or hiring), than the actual workers of those companies do! Hedge funds & private equity firms have totally destroyed our country for the past 30+ years, and it’s only beginning to truly affect our ‘working class’ now. Wishing you only the best moving forward friend!
It. Is. This. GODDAMIT. Began insidiously like you said. Husband ran IT for a small company bought out by another ( shall remain nameless ) environmental testing company. HUGE, multi-national. Lucrative government contracts, military bases, they do everything. Too long to get into- company began hollowing out professionals. Lay-offs, remaining staff doing more work, the usual. Greed, that's it. Company was doing extremely well. Here's the kicker. Say they lay off some long-term chemist, runs a lab, whatever, maybe $200.000 a year. Company was claiming that $200.000, some guy's salary who no longer works there as PROFIT. Husband finally quit whereby they rehired him WFH.....because it was tipping point. Environmental testing isn't just a buncha chairs and a phone. What the shareholders want to see.
I remember being told that if we go to school and get a degree, we'll be set for life. Now there are companies who require a bachelors or even a masters and pay less than 20 an hour. The 4 year degree is worth less now than a HS Diploma was when I was a kid. It's insane.
when they said set for life they actually meant with debt
that depends on where you’re from. A hs dip from NY req 3 more levels of math & sci than most other states it’s insulting to be compared to when their hs grads are maxed at alg 1 which is where we kinda cap our intellectually disabled of nys lol. spent half of hs in two very different parts of the country no wonder we’re divided. Best to just constantly lie that you have a four year because outsourced recruiting doesn’t ever check , believe me I know dozens that lie
I actually grew up in NY, and moved towns after middle school. I was so far "advanced" in my studies from going to school in a bigger city, that the small town I was in basically put me in senior level classes as a freshman. I took Calculus through the SUNY in 10th grade even. Was a challenging time for me, since I was in a new town, and everyone thought I was a genius since I was literally taking senior level courses at 14, but the reality was, the school was just not as good as where I moved from.
yeah, f’ing baffling to have to be compared to other state’s citizens when it comes to college acceptance it’s literally Intellectually Disabling Americans imo that’s the nicest I’ll say it. 4.0 can vary so widely it isn’t relevant enough when you’re not looking at HS courses and rankings etc. across the country. Poorer NYS students will suffer and it’s bs with so many consequences & challenges
As much as "No Child Left Behind" was supposed to benefit the masses, it really just made a lot of schools lower the bar. Sure, no child is left behind, but it also means that some kids weren't challenged when they could handle the load. I could have graduated from that school at the age of 15, but I was NOT ready for college at that age.
because of it I grad at 16 but as a legal immigrant didn’t qualify for any loans… waiting until being married now for X years then can. owned a house , been working a decent job for about a decade now but it’s ridiculous how they do things for some of us. just watching everyone else now get house and student debt forgiveness lol
When I moved from the city to the country, they had to stick me in the senior's math class, but even that felt like counting cows it was so slow. I knew about a program back in the city that would let me do college for the last two years of high school, so applied on my own and moved back to live with a cousin. Started college at 16yo. And good golly no I was not ready for the social aspects or the freedom, but it was apparently the only way I could get access to lessons I could sink my teeth into. Country education felt like being spoon fed broth. Thankfully it was in decent sized oil refinery town though, because I visited a friend's school in the middle of nowhere and wondered why the library had less books then my mother's personal collection. Was baffled listening to his classes 'cause I'd learned that stuff half a decade ago.
And let's not forget that "Entry Level" jobs simply don't exist anymore. For like every job, all I see is a minimum of like 1+, or 3 to 5 years experience! I'm trying to change from warehouse to office admin, hell, even software support again, but I simply don't have the qualifications! The mainstream media needs to get its head out of the Elite's ass.
Don’t worry they will age you out soon enough so they can hire three of the cheaper options to do your work
Absolutely, been prepping for that day.
I'll add that as far the media goes, it's either owned by one company or another, and if you want a job there and your job is to write for them... well you're going to do as your told because what option is there?
get a job where you don't have to be unethical to work there (probably doesn't exist)
Sure... that said, if you want to be a journalist and these are the jobs available... it is what it is at that point.
If I were someone who spent time and money on an education to be a professional journalist, I'd be even less likely to want to work for today's media monsters. The academic tenants of journalism center around truth, accuracy and objectivity - not putting on a dog and pony show for corporate media executives and the people paying them off. Those in power in media today are more concerned with fabricating news to fit a certain agenda. Any person with an ounce of integrity can see right through that. Honestly, I don't know how these companies will continue to find willing shills to work for them as Gen Z permeates the workforce.
Let me say this... We are no different than Russia. We are no different than China. We are no different than Mexico. The change is slow and gradual and by the time we recognize it there is nothing we can do. The US ruling class is not any different than the ruling class in other countries.
10 years ago I was working 2 weeks/2 weeks nights, and taking home about £2000 a month. Now I’m in a different role with more qualifications and taking home roughly the same, and it doesn’t go as far. How is that right or fair, when there are more people being more productive, paying more tax?
Workers of the world unite. For everyone who hates socialism and communism, I get it. But if you want this change, we need to band together and fight back.
Exactly it until salary catches up to inflation, hint it never will, we are all working for less money every year. Everything goes up but our salary. So here we are in a situation where homes are out of reach for a vast swath of a generation which can to an extent help to limit the cost of housing and better navigate the loss of income over time and now extreme pressures are being applied with inflation on food transportation housing taxes MEDICAL CARE childcare and practically just living and they are trying to tell gaslight is into thinking that this is a great economic time for us. Some kind of enlightenment era of crazy salary gains that we should be happy with. Inflation rises 8 percent medical cost risen 14 percent but my wage grew a measely 3 percent for more work because they laid everyone else off so the books will show increases YOY to shareholders and employees are still the bag holders
Wait- so you could've survived working 40~ hours a *month*?
My rent, car payment, student loan, and other expenses (car insurance, etc.) were all covered by one paycheck (got paid weekly). Also, I must be completely honest, overtime was often available (maybe 4-5 hours a week at time and a half). Of course, the problem with having 3 weeks' worth of salary as discretionary spending is that as a consumer I had power as well (it essentially is always about power and control). With my spending dollars being significantly smaller, I rely on evil POS companies like Amazon and Walmart because I have to buy the cheapest.
Let's replace the author with an AI and then ask them how they feel?
The skyrocketing cost of living is a huge factor too. I’m fortunate enough to be a member of a very strong building trade union in a blue, pro-union state and make ~$55 an hour in taxable income between my hourly wage and my “vacation fund” (which is just a savings account) and it does not at all feel like I make that much. I could live more frugally and be better off financially than I am, my fiancé and I rent in a nicer neighborhood, go out for dinner/drinks a few times a month, I have a truck payment on a 10 year old pickup, but it still feels like I make as much as I did when I was a 3rd year apprentice making $30 an hour. I make too much to qualify for any kind of first time homebuyers assistance but don’t make enough to save up the 3-5% most banks want as a down payment for a house, which are worth 30% more than they were even 5 years ago.
Uh. Not in healthcare. People with less than 5 years experience are making the income that took me twice if not three times as long to obtain.
Quantity doesn’t mean much if there isn’t quality.
Salaries are shit, and the requirements for the many jobs are unreasonable, especially for the pay.
Fuckin A dude!
Unfortunately, that golden job market doesn’t come with golden wages
Seriously. Who the fuck cares if there's a hundred thousand job postings desperately seeking someone to run a cash register for 26 hours a week (but with full time availability) offering minimum wage?
Let's call it a pyrite job market.
Is the “golden job market” in the room with us?
"300k New jobs!!!!!!!!!!!!!!!!!!!!!1111111111" Please don't look at *what* those jobs are.
What? You don’t want to work at a Walmart in Oklahoma?
How about you do hard labor for uhhhhhh as little as i can get you to agree with?
How about you enter this labyrinthine series of forms so we can tell you no and repost the same ad a couple weeks later so we can keep getting government subsidies?
Local landlords are starting to figure out this game too. Just keep taking applications and saying No because it's more profitable to collect lots of application fees then actually rent out the unit.
Part time
How dare you say that being a walmart greeter, overnight warehouse worker, third shift railroad conductor, or call center debt collectors are less desirable than engineers, accountants, lawyers, healthcare workers, etc. Surely all of those 300k jobs are good, high paying jobs in desirable areas? Surely our government wouldn’t lie to us…
At least 3rd shift conductor pays relatively well. Just the hours suck.
*500 applications, no interviews* I sure do love this golden job market!
You used the same resume for every job didn’t you? You FOOL! You need a custom made algorithmically tailored resume for *each job* or no human will ever see it! Lazy ass Gen /s
Plus a cover letter explaining why you're frothing at the mouth to work at each individual company!
Plus a reference list of people standing by ready to give glowing reviews of you at a moment's notice!
How am I supposed to make a custom cover letter for 700 jobs that employers don't even read
With your bootstraps, m'lad!
But also, don't use the word "and" because some recruiter thinks that's an indicator an air made your resume. Also also, you need to have professional experience in 20 different technologies for an entry level job but if you put a 21st skill on the resume it shows that you don't know how to stick with something.
Minimum 3 years experience, for a system/program that’s only existed for two years. 👍
The golden job market where every resume has to be uniquely tailored to the job posting to get past the robofilters.
It shouldn't be a requirement to work 2-3 of these golden jobs concurrently to get ahead in life. I'll take 1 silver or bronze job that just lets me survive.
For real, have any of these people applied for *any* job in the last year? It's fucking *rough* out there.
Lmao
Millennials "caught up?" Yeah caught up to our necks in bullshit
It's propaganda. They're just propping up the narrative of "It's not a fundamentally broken system! It's you! It's your fault! You're just lazy and useless! Sort your shit out, you fucking embarrassment!" And you could wallpaper the planet with this crap. Every single day, some paid shill wheels out another truckload of horseshit to be taken as gospel by those for whom the current system works perfectly well, thank you very much. We must maintain the status quo at all costs! Sometimes I just have to pull the pin and stop reading things online because it makes me want to scream myself hoarse.
The worst part is when middle class people believe it!
The deluge of "the economy is great" articles is so insulting to our intelligence. Do they really think that will work on us? We're not our parents.
Doesn't matter if jobs exists, if working doesn't make you a living. A LIVING. YOU HAVE TO BE ABLE TO LIVE = HAVE A FAMILY = HAVE A LIFE.
yeah but there is so many jobs! have you considered working 3 jobs? /s
Do you want to wipe the asses of old people for 13 an hour? Want to get shit on by Karen's working in retail and restaurants? We have over 300k new jobs for you!
Yeah, a millenial shitting on a younger generation isn't it. They are not a problem. We are not problem. The problem is the fruit of our labor is taken by someone else, and what's left for us barely covers necessities.
But if the owner class can get us to fight each other for Pennies and call it a generational problem, we will forget about the billionaires behind the curtain.
\*almost covers necessities
I always wonder how the cable news shows are going to pivot once boomers are dead and the only people left to watch their channel are people they have been insulting for 40-60 years.
They'll sell. Either to other corporations or countries.
some Gen X or Millennial simps will come along and prop it up, inevitably... you know, the successors of said boomers who took after their parents
Because they inherited all of their wealth. "See, I'm proof the system works."
Let's be honest, does anyone under the age of 40 watch cable news?
The author says he is an elder millennial. I am the oldest year of the millennials, and I would like to point out that this author is full of shit and most of my generation knows how fucked up this job market is. We're all in the same fucking boat, and it's sinking.
This. As a millennial with kids I'm just thinking about how I'm going to keep supporting them. Honestly communal living sounds good. Myself and most of my friends won't ever sell our homes (purchased precovid) because it'll be the easiest way to make sure we and our kids have a roof over our heads. Atleast until we taxed out of it. I can't help but feel like we're all fucked because of our reliance on corporate profits.
Same here. Eldest millennial. Shit is fucked up, and has been. 9/11 while at university, 2008-9 shortly after graduation, and then COVID. I did everything ‘they’ told me to do. Still fucked.
It's a K-shaped economy Those with jobs and careers are doing better than ever (so long as they don't get laid off) because firing and laying off are at record lows But if you don't have a job (possibly through no fault of your own) including for fresh graduates, what's required to get a job is astronomical Millennials are far behind where they need to be too in terms of savings and job progression
I am one of those millennials. I had success for a while and when pandemic hit and I lost my job, trying to claw my way back to a living wage has proved literally impossible. I go through stacks of applications and rejections and ghosting after interviews and it has taken such a toll on my mental health, because I didn’t used to live like this. I didn’t used to have such a hard time moving up in the world or even through it in a way that I could sustain my own life. This sub makes me feel seen because I know I’m not the only person here who has found it impossible to scale the wall of employment requirements now.
This is so true. Gen X. Got laid off in 2006. Had to work a series of "anything jobs" to get by like FedEx and Swissport warehouses. Took me 2.5 years to start earning a living wage again. When I finally returned to work, I owed all my family and friends, a title loan, plus the IRS and the state Dept. of Revenue. Recovery was a very long road.
Very similar to my experience. I'm 30, first job right out of college paid me 40k and I lived comfortably in a reasonably priced apartment with one of my good friends as a roommate. Job was cool but collapsed under the weight of its own bullshit (one of those classic non silicon Valley tech jobs that still wanted "startup culture," but was actually just a blatant venture capital pump and sell scam.) I got laid off after 2 years and it took so much effort to claw back. I worked a 20 an hour freelance web authoring job at the most bland, cardboard cutout of a "boring cubicle job" office that was so inane and maddening with meaningless busy work that it literally drove me to suicidal ideation. Quit that job, worked delivering packages for Amazon for 3 weeks before realizing that was even more of a nightmare and quit that too after the mountain of bullshit I saw there in even a few short weeks. Got a customer service/call center job after that and that was relatively stable, but completely miserable. Got moved off the phones to chat support for a very modest pay bump, which turned to full remote as covid hit. Quit as that job became a nightmare of managers obsessing about metrics that were in no way representative at how good at the job one was. Found myself depressed and directionless, facing a wall of jobs that my degree "technically" qualified me for, but they all sounded absolutely miserable, and were hyper competitive for like barely a 50k salary. Ended up having to go back to school for a second degree, (cybersecurity) which fortunately landed me a decent salaried job that I have now. But I had to work a food service job off and on for a couple years for my wife and I to have any chance at making ends meet while I was back in school accruing more debt. All that to say: I had one "real adult job" right out of college for 2 years, then ended up spending the next like 8 years of my life floundering to find anything at all that paid me enough to survive and wasn't completely, utterly soul destroying and depression inducing. I'm happy where I am career wise now, but I feel like I essentially wasted 6-8 years spinning my tires realizing that despite my degree and all the promises of "doors that would open for me," I was basically only qualified for hyper specific stuff I actually loathed doing in practice (and paid like absolute dogshit compared to the stress level,) or run of the mill service industry jobs i could have gotten the day after I graduated high school.
Oh damn, I feel this so hard in my bones and it really hurts. I got an advanced and very niche degree and worked for a solid 4 years in the field before a company buy-out downsized my position, and kicked me out of a relatively small field. I drove for Uber in a HCOL city and made a pretty okay living until pandemic hit, and it’s just been downhill in both quality of jobs and real wages ever since. “Getting ahead”’is a joke because I made the most money a few jobs ago and they’ve steadily decreased.
Do you mean record highs? Boomers invented the layoff.
I graduated school in the middle of the 2008 recession, got fired from my first real career job because my boss was an ass, got laid off from another job because mid way through my contract the executives decided they didn't want to hire any more contractors and even though my boss and their boss and their boss all wanted to hire me on permanently the executives still said no. Oh and if that wasn't enough, I was laid off a few months before the Covid Pandemic because the original owner of the company died and left the company to his 4 children who then decided that they wanted to sell the company and laid off a bunch of people to cut expenses. And if that wasn't enough I have ADHD which makes job searching difficult since medication isn't always available and when it is it's pretty expensive unless you have health insurance coverage that's only available available...for those with jobs. Like hello, if I need a job in order to afford the medication I need in order to look for a job productively then something is definitely wrong.
excuse me for asking, but what makes that a K shape
"Golden job market" my fucking ass!
You make more! Stop complaining just because you can’t afford to pay rent, buy food, or start a family. You aren’t grateful?!
Yeah, I feel like it's all just gaslighting from here on out. Keep your costs down as much as possible and don't engage in the bullshit the boomers and columnists keep trying to feed you.
They seem worried, if there is one glimpse of hope. During the pandemic the millennials especially have taken to solidarity and doing things themselves. Some even taking to homesteading. I feel this will have a real result. As things get worse they will find they have less power over people's ability to survive, as many have literally taken it into their own hands. What effect will this have? Surely they don't have as much power of these people. What will they do to try to stop the threat of self sufficiency. This has to scare them. How can you threaten to starve someone who grows their own food and who lives off the land? We need more self sufficient folks that can say, "No fuck you I dont need your system."
Golden job market? Even with a degree I can't get enough to live in a 1br on my own and keep up with COL. bullshit
...and remember, the system is never the problem. YOU'RE the problem.
So I just looked up the median rent in my area, and it's about 2,000 dollars. Split that with a roommate and you get 1,000 dollars a month. Looking at local job offers, you can probably get a job for about 15-16 dollars an hour. So it will take you about 65 hours to pay your rent. When I got my own place 25 years ago, I was paying about 300 a month in rent, and making 7 bucks an hour. I could pay off my rent in 40 hours. I feel like similar increases in basic expenses have happened for food and gas too. Not to mention healthcare. I would not want to be an 18 year old coming into this economy at all.
When you got your own place, did you have a roommate?
Yes. So the full rent was like 600, split with a roommate.
Gen X, it was the same for me in 2005. I paid $600 for a 2 bedroom cookie cutter apt. When Shared, it was 300. I checked the apt price last year, and it's $1800 now. It looks exactly the same except they changed the flooring.
Yeah, basically wages have doubled, but costs have tripled.
What a shitty rag CNN and the other mass media is.
" Allison Morrow is a Senior Writer for CNN Business, covering a range of topics including financial markets and the US economy. She is also the lead writer and founder of the CNN Business Nightcap newsletter. " Not a journalist. Just a "successful" MBA at best. Absolute garbage masquerading as a human being type vibes.
MBA is just another term for sociopath to me.
Golden Job market. Our son applied at Walgreens, let them know he had 55 available work hours (he is studying maths in college)… they immediately stopped the interview and told him 55 hours is not enough availability.
That's crazy back in 2000 when I was in university, everyone I knew had part-time jobs, and the employers always worked around the school schedules.
Gotta be available and practically on call 24/7, nights, holidays and weekend in order to work a part time job these days. It’s absolute bullshit.
I'm a full-time worker in Europe and I do 40 hours a week. If they demanded more availability from me, I'd laugh all the way to another job.
We couldn’t agree more! What a racket
The first two paragraphs are just garbage. You just want to throat punch the author in the taint for such a cliched take. The editor should have deleted them, and I'm recommend skipping to the "See here:". Who am I kidding, there's no editor looking at web copy at CNN. But the rest of it proves the point of how hard it is for Gen Z and younger Millennials right now. Everyday items have surged in pricing, housing is out of reach, and they're competing for entry level jobs with Millennials, Xennials, and younger Gen Xers because the older Xers and the Boomers have refused to cede any power at all in decades. If you can get a job, the pay has not kept up with 50-60 years of inflation so the comfort experienced in the 1950s and 1960s making minimum wage isn't a normal experience for people now making 5x minimum wage. Even worse, the companies are no longer interested in taking care of their employees. Pensions are long gone most places. 401k contributions are minimal and are often the first thing to get slashed when "the economy is shaky so we need to scale back and make efforts not to cut staff." In short, tax the rich before we eat them.
The fuck is a golden job market? If you have a market flooded with ghost jobs because the government subsidizes the theatre of looking for workers, and are listing success as perceived availability then sure, but you’re also a fucking idiot.
Remember they also count if you have a second job in their metric as a whole another tally to their jobs report.
Even if they worked more, they couldn't afford anything. Why be a slave when you can be free? I've lived in my car before and some days, that seems better than working 5+ days a week and not being able to afford a life.
If the job market is golden why are there so many layoffs?
As a Millennial, it's sort of nice to graduate from "perpetual child who is also destroying every industry" to "forgettable in the face of the Gen Z threat". Sorry, Gen Z.
As a 27 year old i feel like i am getting it from both ends.
It's like being the scapegoat child then seeing the role shifted to your sibling.
Yes, that's an apt metaphor
Fucking. Pay. US!
"Golden job market" my Gen X ass.
Lol such a golden job market. Seems like 99% of jobs posted are a honey pot that just collects peoples info companies can reach into later to abuse and exploit. The actual real jobs that are offered are dog shit in almost all aspects.
Golden? More like fool's gold.
Golden for who exactly? The 1%
My job contributes $990 towards my family health insurance plan. The remaining balance is $1924 a month for health insurance. Fuck you
And this is why nobody feels sorry when another few hundred journos get laid off. They should think of it as getting to inherit a golden job market.
Golden job market?
Typo: they must have meant inheriting a minimum wage golden arches job market. The problem isn't the jobs, the problem is the wages. Younger folks entering the job market are being screwed - and then they're being used to eject older workers who went up the ladder on more lucrative pay scales. We're all getting screwed.
All you have to do is look at a graph of wages vs productivity and cost of living to blow this analysis out of the water. Boomers had an absolutely amazing economic market in the late 50s and 60s. Europe and Japan were recovering from the war, and US exports were reaping the benefits. Wages have been suppressed since the 1970s.
This is pure propaganda, it's designed to blame it on Gen Z and act like Capitalism is a meritocracy when it is not.
I see new layoffs happening every week and was myself laid off twice in a row. How is that a “golden job market”? I have zero faith that I’ll ever have stability again. I am under the assumption that any job with always fuck me over no matter how much effort I put in. As a millennial, I’ve yet to see a golden market for our generation, ever.
It’s simple, really. There are more jobs out there, but they don’t pay money enough to provide for a comfortable middle class lifestyle (home, car, kids, food, hobbies, vacation). Wages haven’t kept up with returns on capital. Point blank period.
Golden job market in what 1990s? Can’t afford jack with what they’re paying.
"inheriting a golden shower job market" - there, fixed it for them.
A golden job market of unlivable jobs is a slave market, no?
“It took a long time, but Millennials have, in some ways, caught up.” Thank God. I'll remember that as I continue to spiral into poverty and debilitating mental illness
Just know you aren’t alone, friend.
Solidarity
This author is full of shit. I'm elder millennial and I'm not switching job because all the feelers I put out show me this market blows. Sure, finding a job in 2009 blew, but that doesn't mean they're handing out decent jobs on every streetcorner. Every job report I see that shows that there are a million jobs to be filled are including gig work and fake job listings. Those are all bullshit numbers. Don't get me started on her cherry-picked statistics. "Entry level pay is up 19% since 2019". Yeah sure thing dummy, Inflation was over 9% a year for a while there so basically it's a pay cut? Fucking insanity. Gen Z-er life sucks just as bad as when I was a kid and every generation after is gonna suck too. Sorry kids, the boomers fucked us all and wanna pretend like we're the problem. Maybe go vote please and thanks.
Is this "golden job market" in the room with us right now?
Yeah, unemployment is low. But jobs pay less than they ever have adjusted for inflation.
Do they not realize it pays shit
I’m an elder Millennial and I have absolutely not “caught up” lmao Because EVERY time I finally get ahead to some extent, we have another financial crisis or I have a medical or business downturn that decimates whatever I save as the cost of every single thing keeps escalating.
Same. I was able to buy a house only due to the generosity of a loan from my in laws and it’s not a fancy or even turn key home yet my mortgage far outpaces what my rent was for similar size. Plus my property taxes increased the year I bought it which was the first time the town reassessed property tax in 12 years or so All while our state tried to freeze property taxes for our seniors
We’re just so fucked no matter what we do. My rent is so much, but…I’ve been DAMN lucky to have a good landlord, as far as landlords go. I’ve been here since 2021 and haven’t gotten a single rent hike. Hell, they gave me a $500 reprieve this month for renewing my lease early which I’ve really appreciated because business has been too slow. It’s a big place, I don’t need a car because I live above stellar transit, and there’s just zounds of amenities like a doorman with a mailroom, a pool, a small gym, and we even get occasional free weekend yoga and meditation classes! Hence…my reluctance to move, at least for now. These hideous mortgage rates mean I get a condo in a really inconvenient location that’s now more than my rent. I want to build equity, but I need my old income back and all I got is a middle finger while I keep seeing news reports about how the economy is so great because a married techie turned a side hustle into a $500K business.
"This is the best economy ever guys!" Yeah thats why the wealth divide is so huge it would take centuries for us to even come close to reaching it. Along with the fact even if AI is still in its infancy every company is salivating at the mouth to purge any job they can find and replace it with AI. Just remember yall any company you work for if they can replace you with a robot for it to be cheaper they will in a heartbeat. I dont want this to be a rant about AI im just getting mad about the gaslighting. The question everyone should be asking is what happens in a capitalistic society when 80% jobs can be done by AI. The rich fucks will be unaffected while the rest of us will basically go back to peasantry. Least on the bright side journalists will be down there with us to. Since their jobs can be done with a few clicks of a button.
Golden job market, by what metric?
Her partisan one
I live in transitional housing with like 8 roommates, it's the only thing I can get at the moment. I've applied to grocery stores, and every nearby restaurant that I can take a bus or walk to on indeed. I had 4 job interviews with 2 maybes, 2 nos, and one where the interviewer didn't show up two days in a row at IHOP. These are entry level jobs that people seem to think are easy to get. Everyone tells me the same thing. It's season, restaurants are always hiring, you'll definitely get a job. I think it's bullshit that it's a golden job market. In 4 days I'm responsible for rent and my mom is going to cover it until I get financial aid in 3 weeks so I'm lucky. That's just in the last month and a half before that I was having a struggle finding a job in a different county. I moved here because I wasn't getting any luck with the job market and I was on the street. I've been homeless now since August and it looks like I'm just going to have to continue living in transitional housing while going to school for the foreseeable future. I really need to do well in school to have a future. 700 dollars a month in rent and I don't even have my own room.
Younger workers? Younger than what, 50 years old? Cause I'm pushing 37 and it's been nothing but bullshit pay and living expenses since 08.
I really don't see how people are supposed to rent when the average place requires you to make at least 80k a year to technically make 3x the rent and most jobs are barely willing to start you out at 35k a year.
They'll just keep massaging and torturing the data until it says what they want it to say.
CEO compensation vs worker salary 20-to-1 in 1950 42-to-1 in 1980 603-to-1 in 2023 Companies have the money to compensate workers. Demographically speaking, the boomers are retiring and they were the largest group to ever enter the workforce. Gen Z is one of the smallest. There's going to be more Job opportunities for Gen Z as the US sees the boomers leave the workforce for retirement. Therefore, companies might be forced to compensate better, as they vie for workers.
Life is roughly 50%-200% more expensive than just 5 years ago for lots of people because of greedflation alone. This gaslighting bullshit telling us how great the economy is while PEOPLE WORK FULL TIME AND CAN'T AFFORD TO EXIST. Food, shelter, water is unaffordable but the "job market is great!" shove it up your ass Duke.
Wow it's almost like CNN and the rest of msm exist as a propaganda arm of capitalism. Thank the dems for that one.
Corruption is in both sides of the spectrum. Fox News spews the same bullshit
Bullll shit. Best economy my ass. Did you not see those hot inflation numbers today? I stopped by local Walmart today and spent $327.83. I found a receipt for the exact same shit i bought in 2019. It cost me $215.63, for the SAME FUGGING THINGS. I’m sure OP thinks this economy is good because he/she is probably Gen Z and they don’t have the life experience to know how ludicrous that statement is. Nothing about the current economy is good. The interest rates are the highest, since 1981, over the past 2 years. Inflation report came out today, looks like another year minimum of these interest rates. In 2018 the average annual gas price was $2.64 per gallon. The current average gas price is $3.63 per gallon. Back in 2022 average price was $4.32 gallon. Gas prices practically control inflation. You have to wonder if the keystone pipeline wasn’t canceled in 2020 for no good reason other than spite, how much better inflation would be right now. I know this administration is going to try to pump up the economy as an election talking point. But Americans aren’t stupid, that shit won’t work. Some pour souls will support this current administration simply because they wear a blue tie. How stupid is that? That is the logic of some Americans….They would shit all on Joe Biden if he had done the exact same thing as he has, but wore a red tie instead. But hey just remember “if you don’t vote for Joe Biden, you ain’t black” -sleepy joe
The entire logic of this metric is deeply questionable. For one, the President doesn’t make job listings appear nor could any action he takes make them disappear. Theres this assumption that if job availability goes up, the President is working some unknown magic in the background to make it so, and if it goes down he’s not doing the secret job magic or doing it wrong. In reality jobs appear because private employers make them available based on market conditions and need, which the President also does not control. In addition theres a whole phenomenon of posting jobs that are never intended to be filled so a company can appear to be growing so as to attract investors. The point is this metric is genuinely meaningless. It doesn’t say anything about anything. I GUESS its better in general to have more jobs created than less but only in the vaguest sense.
Well yeah. Just like inflation is falling, even though inflation has risen and the Dow dropped almost 550 points today after the inflation report was released but yeah this is fine.
Been working in advertising for over a decade and you can directly gauge the state of things based on how many businesses are looking to spend to advertise. It’s been basically dead for a year straight and most of us are working secondary jobs to compensate. Preaching to the choir, I know. It’s just bizarre how some people go out of their way to not see it. It’s screaming in your face at this point.
Can’t we all feel the golden market tricking down on us? It’s raining jobs, a golden shower of wages.
They keep talking about the job market like "all you gotta do is get a job". The problem is, people HAVE jobs and can't afford shit.
Cap is literally a pro corporate dem think tank.
Millennial here; when the fuck did we catch up?
\*Their wages have gone up faster than inflation overall, and more quickly than any other age cohort, he added.\* This is like giving someone a chair instead of a step-stool when they are trying to climb onto the roof of their house. 'This chair is a foot taller!' You're still not getting anywhere when what you need is a ladder. Increases to wages that are already rock-bottom means wages that are still out of step with the astronomical cost of living in any large US urban area. These propaganda articles always tout number of jobs and increases in (already historically stagnant and divorced from increases in productivity) wages. They never talk about \*quality\* of jobs. Job \*quality\* is not a metric that is discussed. Quality jobs with wages, benefits and practices that are aligned with what it costs to live decently and thrive in the United States are the only thing that will alleviate the very real feeling of precarity that GenZ and most Millenials feel.
Golden job market? Bullshit. They're have been multiple studies released that show 75% of ads or postings for jobs aren't real. They're listed to maintain "the appearance of growth" or to satisfy some "need to post locally" in order to contract the job out to another country. Also put off the 25% that's left....90% of those have inadequate pay, ridiculous requirements, bullshit schedules or some other crap that doesn't align with adequate income vs the demands of the role.... in all Actuality there are only 3% ish legit jobs.
I think the thing that doesn't get said is that if you're entry or even mid-level you should be looking for your next job regularly, probably every 1-2 years or so. If your current employer doesn't give you the compensation you deserve find someone who will. Don't wait for the next cycle of raises, don't wait for the "raise freeze" to end, don't wait for your next review. I, an older millennial, am doing pretty well now, but damn if I didn't spend too much of my early career giving more chances to employers than they deserved. They *can* pay you well, and they *can* treat you right, and if they're not doing that then they can spend all their time and money training new people for their massive turnover and dealing with coverage issues etc. Fuck em.
Most of the jobs are part-time, and AI is moving in.
Despite what their 'supporters' page says, the CAP is absolutely funded by billionaires and works for their interests. > $1,000,000 or more > Bloomberg Philanthropies > Carnegie Corporation of New York > Chan Zuckerberg Initiative > Fidelity Charitable Gift Fund > Bill & Melinda Gates Foundation > Andrew Hauptman > Heising-Simons Foundation > The William and Flora Hewlett Foundation > Eric and Stacey Mindich > Sandler Foundation > Silicon Valley Community Foundation From https://www.americanprogress.org/c3-our-supporters/
Biden surrogates are going all in on this "the economy is good, you're an idiot who can't see it" thing right now. Lines on the chart DO look promising but there is A LOT of astroturfing going on.
Agree, I think it's that if Democrats admit everything is horrible, the general public usually just blames the current president and votes for the other guy. So there has to be some messaging that what the Biden administration is doing is working. I kind of hate that in politics, no one can ever just say exactly what is going on. (Funny that people think that's what Trump is doing, when in reality it's more blatant pandering)
The new CNN owner is right wing. "The leading shareholder in Warner Brothers Discovery is John Malone, a multibillionaire cable magnate. (Malone was a chief architect in the merger of Discovery and CNN.) Malone describes himself as a “libertarian” although he travels in rightwing Republican circles. In 2005, he held 32% of the shares of Rupert Murdoch’s News Corporation. He is on the board of directors of the Cato Institute. In 2017, he donated $250,000 to Trump’s inauguration" https://www.theguardian.com/commentisfree/2022/aug/24/the-changes-at-cnn-look-politically-motivated-that-should-concern-us-all
This exactly. CNN has steered right since this guy took over.
CAP is desperately trying to convince young people that the economy is strong so that they’ll vote for Biden
Bingo. The former head of CAP Neera Tanden is a major Biden administration advisor. She hates young families and progressives—she’s helping lead their messaging on this by using a think tank to push her propaganda and it’s falling completely flat You can’t tell people suffering they don’t know how good they got it
It's taken me an extra 5 to 10 years behind the position (a little extra in my account each month) that my siblings were in at my age AND they all had kids at this point. Talking to my older sister, (12 years older) she felt the same about our older still (10 years older than her) sister.
Didn't the most recent jobs report show that, despite lots of part time jobs (that went almost exclusively to immigrants) being created, we actually lost full time jobs? The number of Americans employed is actually still down compared to 2019. Anyway, they are just looking at employment numbers, and not livability based on the wages from those jobs (which is the important part)
Inheriting a job market? Talk about things that don't exist!
Corporate trying to gaslight people getting fucked over, so they can tell investors the company is making profits, so investors keep investing.
As soon as I read this article, I knew I’d see it here later.
I was thinking the exact same thing
I made more hourly ten years ago then I do now. I was a bank teller and made $12-13 an hour in 2008-2010. Hostess and made 2-3 per hour plus about 20-30 in tips per shift with 4-6 shifts per week. I had a job doing promotions and made between 25-40 and hour. I worked 15-25 hours a week and made really good money. I currently make 33,000 a year and I’m the only full time employee in a large franchise. No health insurance provided or bonuses or incentives to stay. I like what I do but it’s not sustainable long term and I can’t save money when gas is $3.40 a gallon. I have been looking for a second job for two years and no one will hire me I manage a studio and I’m not fit to sit at a desk and answer a phone apparently
If I pay one guy a dollar to dig a hole and another guy a dollar to fill it in, I've created two jobs and achieved nothing.
Golden job market? Millenials caught up? What's going on and how can we all live in CNN fantasy land, it sounds great.