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Just CAN'T get a job...

krazykanuck wrote:

former trader wrote:

It’s a lost generation.  It’s sad the see the amount of qualified people unemployed or almost as bad, the amount of ambitious people that don’t get promoted because no one is expanding or retiring.

Just to kind of expand on this, I think we’re going to see continued gaps between haves and have nots in society with income growth and the good jobs sticking with the people who are already there. Upward socio-economic mobility is getting more difficult with the increased costs of university, burdensome debt, lack of good paying jobs, and limited upward career mobility. Figuring out how to successfully navigate that is going to be crucial for obtaining a secure career and future.

Although I’m an econ and finance guy, sometimes I like to get in touch with my social side. At my age tons of people are getting engaged and married and I think that household formations will continue to increase what I’ve already said because people tend to get with people who are like them, so people with good careers will probably marry similar types, and people who have sh*tty jobs aren’t likely to attract and retain a spouse with a solid future that could help raise them and their eventual family up the social ladder.

We have diagnosed the problem, but what is the solution?  It seems like both the left and the right don’t have it (redistribution and trickle down economics).

Inducted into the AF Hall of Fame, class of ‘17

I am afraid to say that we are on a path that will culminate with no need for a solution.

Regardless of credentials/experience… without employability, I will soon slip into the cracks. The chance of somebody like myself, marrying some girl with a solid career or into a secure family is .0001 as you stated… for me to procreate would be irresponsible…

It’s a twisted Darwinism we are experiencing… many on top, are not the brightest or the cream of the crop, vice versa those on the bottom  but to a much lesser extent…

The top will have enough diversity to avoid extinction… the bottom will lack this necessary amount of diversity, and will become extinct.

It’s the bottom that keeps procreating.  The top don’t want more than 1 child.

Inducted into the AF Hall of Fame, class of ‘17

True. Not so much an emphasis on procreation, as to an altogether new form of a great divide that is in motion now. The normal plebians will continue like they always do, not aware, not able to be aware. They are safe. The new Divide is not amongst ‘rich and poor’.

I believe it’s about intellect and the two outcomes.

Meh… it’s raining out, so I just got a six pack of bud light. Some hummus and some bread. And some good music.

Well deserved after another practice exam.

former trader wrote:

It’s the bottom that keeps procreating.  The top don’t want more than 1 child.

True story. I feel like most upper middle class families tend to have 2, maybe 3 kids. Kids are effing expensive and what’s the marginal benefit beyond 2 or 3? Where as when I drive to work past the sketchy apartments (I hope to see torn down in the future), I see a woman walking alone with a small pack of ankle biters as she pushes a double stroller. I really don’t want to sound like an ass, but hey if it looks like a duck and quacks like a duck… maybe free birth control pills for women would be a good thing for society to subsidize.

As to the solution, I think we really need financial education in high school. Kids who get it, get it trickle down from parents. I remember sitting at the table when my dad or mom wrote out and sent checks for the monthly bills (pre e-bill days). Financial cluelessness is everywhere. I can’t even count the number of title and payday loan places I see, places that actually advertise check cashing for a fee, etc. Also, I think showing people what the costs of kids, compound interest… the basics that we all understand would help the people who have never been shown. Also we need to get the government out of student loans and make the average salaries and % employed at graduation by major very in your face so people going into uni know it.

Anyway about jobs and getting people employed, we have open jobs, but there is a mismatch of available jobs and the people to fill them. I hear all the time at industry events there is a lack of US talent, mainly in engineering fields. I was at an event last month and a recruiter spoke (from a major oil field services company) and he said 60% of the engineering students they interviewed needed H1B visas to work here. That’s insane…

Trickle down ain’t working, but employees are becoming so expensive in the US. Between payroll taxes, impending Obamacare which is going to skyrocket health insurance costs, etc. I think we need to really reform taxes in the US. The child tax credits encourage baby making (see above) and in general, the more mouths to feed, the more the govt pays you. Not that Canada’s any different in that regard, the GST credit and all that gets larger if you have more kids.

former trader wrote:

We have diagnosed the problem, but what is the solution?  It seems like both the left and the right don’t have it (redistribution and trickle down economics).

@former trader  said, “We have diagnosed the problem, but what is the solution? “

The solution will remain elusive as long as “materialistic wealth”, “cash in hand & bank” and  “size of the car” is the scale of measure of development and ‘advancement’ ignoring all other humanistic concerns . Both socialist redistribution of wealth of the nation and capitalist approach where only the acquisition of wealth matters more than the means, are practiced without any concern for real human needs and a balanced approach to growth and prosperity as a goal for individual and the nation. Finding a balance between prosperity (which often is wrongly equated with development) of the nation and positive growth of the society benefiting all individuals irrespective of economic, social and personal status . It may be noted that we are not talking of equality but of equity as equality sounds good only as a motto or in the constitution but is too utopian (just like left and right thoughts are)  to be really achieve within one or two generations. 

Either of total ‘leftist’or ‘rightist’,  if adopted as the sole policy of governance or national objective, is too  utopian (read ‘impractical’ or too ‘idealistic’ ) for real ground level implementation leading to sustainable growth with justice .   That is why you strongly feel, and rightly so, that  “ It seems like both the left and the right don’t have it (redistribution and trickle down economics).”

Surprisingly this has been the concern not only today but thro’ the history in one form or other. That is why perhaps the social reformers (be it Christ or Buddha or even Gandhi and Martin Luther King in modern era ) are respected and remain in general reminiscence more than the greatest and most powerful President or leaders irrespective of some of them winning wars or imposing their nation’s will on weaker nations even by war. Why? Because real  development and growth has to be commensurate with individual’s well-being leading to social stability, increase in ethical standards and equitable distribution of opportunities (not jobs only) . Neither the left nor the right give due weightage to the fact that the humanity always values human welfare and growth through measures which necessarily does not depend only on measure of  GDP or national debt or even employment  statistics. As long as success is defined by the measure of materialistic norms and governance and policy making of the nations are in the hands of  unscrupulous politicians with myopic vision of remaining in the chair (from left or right , democratically elected or dictator - does not matter) we may not see the effective long term  solutions to the diagnosed problem which is sustainable, except  for patch-work and temporary ups and downs in the situation.

I think the comments here are a little overdone w/ respect to marriage. Even if you have regional discrepencies, unlike jobs, supply and demand for available males and females should never be widely out of balance.

That said, I think the dynamics have changed a bit. A significant number of girls that I know aren’t interested in kids (unsurprisingly, these ones tend to be career driven). Maybe their minds will change (I’m 24) when they hit 30. Also, a good number of people in this forum in their late 20’s and early 30’s make it seem like the gender in  demand switches in the late 20’s.

Fell asleep twice while going through the thread. Thank you, mygos.

"Ivy Undergrad, GS, Top 3 MBA, KKR, 400+ HP Whip, BSD, HCB, 4000+ AF points.... Or, rusty hacksaw to sack." ~ CFAvsMBA

aznxuguy wrote:

I think the comments here are a little overdone w/ respect to marriage. Even if you have regional discrepencies, unlike jobs, supply and demand for available males and females should never be widely out of balance.

That said, I think the dynamics have changed a bit. A significant number of girls that I know aren’t interested in kids (unsurprisingly, these ones tend to be career driven). Maybe their minds will change (I’m 24) when they hit 30. Also, a good number of people in this forum in their late 20’s and early 30’s make it seem like the gender in  demand switches in the late 20’s.

I know a HCB that is very career driven and is very successful.  In her mid 20s she didn’t want any kids.  She just celebrated her 30th birthday last month.  Now she tells me she can’t stand the constant pressure of work.  Her goal now is to have kids while being a housewife.  Of course, she is implicitly stating that she is looking for a BSD to allow her to stay home and continue to have the same lifestyle.

I felt to tell her that you missed the train.  Most BSDs will want to hookup with girls that are in their 20s.

Inducted into the AF Hall of Fame, class of ‘17

former trader wrote:

I know a HCB that is very career driven and is very successful.  In her mid 20s she didn’t want any kids.  She just celebrated her 30th birthday last month.  Now she tells me she can’t stand the constant pressure of work.  Her goal now is to have kids while being a housewife.

Ahh the good old biological clock….

@ former trader: someone in that has just hit 30 has missed the train…? you are deluded or worst…

I wouldn’t say she has totally missed it.  If she still has the physical looks and willing to be obedient, she still has a shot.

But +100 to that biological clock.  Man you really can’t fight hundreds of years of instinct.

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

^ do you want popcorn with that?

itera wrote:

I wouldn’t say she has totally missed it.  If she still has the physical looks and willing to be obedient, she still has a shot.

But +100 to that biological clock.  Man you really can’t fight hundreds of years of instinct.

Yep. Probably got tired of seeing all of her girlfriends getting married and having kids while she just has her job and maybe an occasional bf. All while probably wondering why the guys her age are all dating girls in their mid 20s.

It’s important to find a girl that ages well.  which is why I’m more partial to asians.  overall, they age super well..  I’ve met quite a few 32+ aged female asians, constantly mistaken for undergrad college students

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

do you mean a girl humane or any female will do? i mean what is your preference?

what have i done to this thread!!!!

Penny-wenny wrote:

@ former trader: someone in that has just hit 30 has missed the train…? you are deluded or worst…

Whether you like it or not, the quality of men available is drastically reduced.  Many will be coming off a 1st marriage, others will be players, and the most rational of them will be looking for women in their 20s.  Like Itera mentioned, man you really can’t fight hundreds of years of instinct.  Men prefer younger women…and men that have their lives together will get that younger woman.

Inducted into the AF Hall of Fame, class of ‘17

^ comiserations, i pray you don’t have daughters

former trader wrote:

Penny-wenny wrote:

@ former trader: someone in that has just hit 30 has missed the train…? you are deluded or worst…

Whether you like it or not, the quality of men available is drastically reduced.  Many will be coming off a 1st marriage, others will be players, and the most rational of them will be looking for women in their 20s.  Like Itera mentioned, man you really can’t fight hundreds of years of instinct.  Men prefer younger women…and men that have their lives together will get that younger woman.

Women above 30 can easily be hot still, if they care about themselves, and they are a heck of a lot more interesting to be around.  Sure, if you’re looking for a one nighter or a weekend fling, a guy can be with someone super young and hot and hopefully it will all end before one gets bored.  But women in their 30s and 40s are pretty awesome (albeit women in their 40s who want children are in a bad spot on that score).

Early thirties is very nice for women.  If they don’t want kids at all, there’s a lot of fun left, and plenty of men to enjoy it with.  Even if they want children, the only real problem is that they have to make up their minds a little faster, and that tends to freak out men their age.  Many men want kids later in life than women do, so it helps if they shoot a bit older at that stage, and screen out men just out of marriages (who probably don’t want to jump back in too quickly).

It is true that the number of young-ish, extremely rich, shallow men has declined drastically, which is bad if a woman is planning on making her way in life based on her looks.

You want a quote?  Haven’t I written enough already???

Penny-wenny wrote:

^ comiserations, i pray you don’t have daughters

LMAO. At least he gets it, all else equal, men will probably look to marry younger women (not counting the people who get married right out of uni since younger for them would be like 19)

ninja_economist wrote:

Fell asleep twice while going through the thread. Thank you, mygos.

Yes, it got bit long (or is it age is catching up…. smiley)

Yeah 30 is old for women, I’d say 30 is old for men too…plus the longer you wait to have children, you will have less time with them as you grow old.

But I agree with krazycanuck, women overall want to marry men of equal or greater status (same with men, they wouldn’t want to marry more successful women), so it’s likely to create stratification.

aznxuguy wrote:

what have i done to this thread!!!!

OMG it was you!. Lol the last time I was on this forum was like 2 weeks ago and this thread had like 5 replies, now 50+ haha holy crud (chadwick says I can’t swear)

Penny-wenny wrote:

^ comiserations, i pray you don’t have daughters

Penny-wenny, you seem to be providing a lot of back handed, single-sentenced opinions, but you aren’t backing anything up, which brings up your character into question. 

People here are throwing out their own opinions and you don’t have to fight it like they are trying to establish a new truth. But atleast they are backing it up with rationale and examples.

Maybe you are conflicted in a gender-war in your social circles?

ryanmackk wrote:

aznxuguy wrote:

what have i done to this thread!!!!

OMG it was you!. Lol the last time I was on this forum was like 2 weeks ago and this thread had like 5 replies, now 50+ haha holy crud (chadwick says I can’t swear)

The official cursing on AF is

Carp!

as per bchad

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

itera wrote:

ryanmackk wrote:

aznxuguy wrote:

what have i done to this thread!!!!

OMG it was you!. Lol the last time I was on this forum was like 2 weeks ago and this thread had like 5 replies, now 50+ haha holy crud (chadwick says I can’t swear)

The official cursing on AF is

Carp!

as per bchad

haha, got it!

ryanmackk wrote:

Penny-wenny wrote:

^ comiserations, i pray you don’t have daughters

Penny-wenny, you seem to be providing a lot of back handed, single-sentenced opinions, but you aren’t backing anything up, which brings up your character into question. 

People here are throwing out their own opinions and you don’t have to fight it like they are trying to establish a new truth. But atleast they are backing it up with rationale and examples.

Maybe you are conflicted in a gender-war in your social circles?

How does she know more about what guys want than guys themselves?  No wonder many women get hurt.  They should listen to men more often when it comes to the topic of….men.

Inducted into the AF Hall of Fame, class of ‘17

WTF happened to this thread :-/ It started with CAN’T GET A JOB (with lots of F bombs) and people are fighting over why men like younger women.

"Ivy Undergrad, GS, Top 3 MBA, KKR, 400+ HP Whip, BSD, HCB, 4000+ AF points.... Or, rusty hacksaw to sack." ~ CFAvsMBA

woodywoodford wrote:

You broke the first rule of career life - Never leave your current job without a new one lined up.  We cut two of our top candidates from our recent hiring process specifically because they left their jobs like that.  Very good, qualified candidates that would have been an excellent fit, but if you hightail as soon as you you get bored with that company, what’s to say you won’t do the same with us?

This is a very antiquated approach to HR - a la the ‘80’s almost.  What if they left because unethical and/or potentially illegal behavoir was going on at the firm that they can’t disclose for fear of litigation?  There are a million reasons why someone might leave a place w/ nothing lined up. 

In the age of freelancing and with the way this job market looks, it would not surprise me at all if someone left for a good reason.  You’d have to be a fool to think a person would leave their job, in this market environment, with little to no reason besides “boredom”.