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Originally Posted by
Being
It's naive to believe that minimum wage plays a significant role in the lack of jobs.
No its naive to believe it plays no role in the lack of jobs.
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Originally Posted by
GGT
Using "youth" employment to pay low minimum wages is a lame justification. I think it's more harmful when adults are displaced from the work force, with long-term unemployment and under-employment.
As is also happening in Sssocialist Europe that you seem to admire so much. Over 25% adult unemployment? Job done.
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Things are different than a decade ago. Using your past experience in today's job environment is like applying old theories in the new economy -- disconnected from reality.
So you're saying that nobody today uses part time work to pay for higher education?
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Efficiency and productivity has its down-sides, and unintended consequences. Jobs replaced by Blackberries, automation, digital innovations, smart phone apps. Jobs outsourced to developing nations who pay labor $2/day, conglomerates eating (and manipulating) costs of energy and transportation/distribution. They still make billions in profits by selling cheap to developed nations. Smart phones and sneakers, fast-food and frivolities.
So the answer to you having an issue with efficiency and outsourcing is to make America even less efficient and to make outsourcing far more profitable.
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Education is another bubble beginning to burst, especially "Higher Education". University grads got a rude awakening ~ '05, when they couldn't find a job in their field, yet carry five digit educational debts (that can't be discharged in bankruptcy). They're called Boomerangs because they had to move back home with their boomer parents. That includes grads in vaunted STEM fields....who tried to wait out the Great Recession by getting a second degree, a master's or doctorate. Many are still waiting. Some have taken unpaid internships to get their foot in the door, pump their resumes, and get "connections".
So higher education is a bad thing and lets just make people unemployed? :bulb:
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Meanwhile, I know a ton of "youth" who haven't even graduated from HS yet, but have started their own cottage industry in computer hacking (and doing home-computer repair, computer security, building websites, etc.) They benefit from open-source education, as do cyber schools. That's a good thing, but it comes with unintended consequences, like direct teaching jobs being lost to attrition.
Do you want fries with that? :donkey:
So people are successful for taking control of their own fate. Yeah I'll be horridly opposed in principle to that. Oh wait, no that's what I believe in.