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Or, you know, lots of kids can't find work that pays for shelter, food, clothes, transport, and interest on six figures. Despite being young and dumb, and told
by __jal 11y ago
Or, you know, lots of kids can't find work that pays for shelter, food, clothes, transport, and interest on six figures. Despite being young and dumb, and told by most everyone that the only way they'd get such a job would be to, you know, take out those six figure loans.
The post-2008 recovery has been a very poor recovery as far as jobs are concerned. Add in that wages for the less than six figure jobs have been stagnant since most of these people have been alive, and, well, there you are.
Perhaps coming up with an educational system that doesn't indenture students to banks (who have zero risk on their loans - talk about lack of skin in the game!), and doesn't increase in price at a multiple of the inflation rate might be a good idea?
I've noticed that nearly everyone whose reaction to 'the kids these days' on things like this went to school when going to school was actually affordable by the non-wealthy.
- iofj 11y agoReally, according to government & the fed unemployment is pretty close to it's lowest in 10 years : https://research.stlouisfed.org/fred2/series/UNRATE https://research.stlouisfed.org/fred2/series/UNRATE Likewise, what are these people who can't find jobs doing ? They're not asking for unemployment benefits ... https://research.stlouisfed.org/fred2/series/IC4WSA https://research.stlouisfed.org/fred2/series/IC4WSA
- douche 11y agoThey've been out of work too long to qualify for unemployment...
- iofj 11y agoSorry I'm not actually an American. You lose unemployment after being unemployed for too long ? How long ?
- __jal 11y agoDepends on which state we're talking about. Don't know where you are, but by European standards the policy in any U.S. state looks punitive in comparison. In California, the limit is 26 weeks.