“The Worst Is Yet to Come”: If You’re Not Petrified, You’re Not Paying Attention”

[Rt.66]

[quote=Arraya]
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.

Real unemployment will be passing 20% in short order.
[/quote]

Tax revenues are a huge issue no doubt! Will the Gov. just print up the shortfall? What an odd concept huh?

I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[jpinpb]

[quote=Rt.66]I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

I wonder about future grads, too. Not that I’m so old, but when I look at kids today, many have it on easy street and have been shielded from struggle. It’s going to be a harsh world when they get out there. They’ve been given so much and the sense of entitlement has been instilled. Whenever I am in any business, I see how little effort had been put in by young people’s jobs and duties. I remember when I first started working, I was so thankful to have a job and gave 100% and went out of my way. The ambivalence of late was surprising and their effort was feeble.

[jpinpb]

[quote=Rt.66]I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

I wonder about future grads, too. Not that I’m so old, but when I look at kids today, many have it on easy street and have been shielded from struggle. It’s going to be a harsh world when they get out there. They’ve been given so much and the sense of entitlement has been instilled. Whenever I am in any business, I see how little effort had been put in by young people’s jobs and duties. I remember when I first started working, I was so thankful to have a job and gave 100% and went out of my way. The ambivalence of late was surprising and their effort was feeble.

[jpinpb]

[quote=Rt.66]I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

I wonder about future grads, too. Not that I’m so old, but when I look at kids today, many have it on easy street and have been shielded from struggle. It’s going to be a harsh world when they get out there. They’ve been given so much and the sense of entitlement has been instilled. Whenever I am in any business, I see how little effort had been put in by young people’s jobs and duties. I remember when I first started working, I was so thankful to have a job and gave 100% and went out of my way. The ambivalence of late was surprising and their effort was feeble.

[jpinpb]

[quote=Rt.66]I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

I wonder about future grads, too. Not that I’m so old, but when I look at kids today, many have it on easy street and have been shielded from struggle. It’s going to be a harsh world when they get out there. They’ve been given so much and the sense of entitlement has been instilled. Whenever I am in any business, I see how little effort had been put in by young people’s jobs and duties. I remember when I first started working, I was so thankful to have a job and gave 100% and went out of my way. The ambivalence of late was surprising and their effort was feeble.

[jpinpb]

[quote=Rt.66]I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

I wonder about future grads, too. Not that I’m so old, but when I look at kids today, many have it on easy street and have been shielded from struggle. It’s going to be a harsh world when they get out there. They’ve been given so much and the sense of entitlement has been instilled. Whenever I am in any business, I see how little effort had been put in by young people’s jobs and duties. I remember when I first started working, I was so thankful to have a job and gave 100% and went out of my way. The ambivalence of late was surprising and their effort was feeble.

[Rt.66]

This new generation can work the shit out of an Xbox though…LOL

Here’s a qoute that really got me thinking:

“Debt can no longer be sold as an “asset”. It’s that simple.”

Lately selling debt has been THE US industry while we shunned real production of worthwhile stuff.

[Rt.66]

This new generation can work the shit out of an Xbox though…LOL

Here’s a qoute that really got me thinking:

“Debt can no longer be sold as an “asset”. It’s that simple.”

Lately selling debt has been THE US industry while we shunned real production of worthwhile stuff.

[Rt.66]

This new generation can work the shit out of an Xbox though…LOL

Here’s a qoute that really got me thinking:

“Debt can no longer be sold as an “asset”. It’s that simple.”

Lately selling debt has been THE US industry while we shunned real production of worthwhile stuff.

[Rt.66]

This new generation can work the shit out of an Xbox though…LOL

Here’s a qoute that really got me thinking:

“Debt can no longer be sold as an “asset”. It’s that simple.”

Lately selling debt has been THE US industry while we shunned real production of worthwhile stuff.

[Rt.66]

This new generation can work the shit out of an Xbox though…LOL

Here’s a qoute that really got me thinking:

“Debt can no longer be sold as an “asset”. It’s that simple.”

Lately selling debt has been THE US industry while we shunned real production of worthwhile stuff.

[davelj]

[quote=Rt.66]

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

The same way folks that retire every day are counted. We have new graduates every year entering the workforce and we have new folks retiring every year leaving it. Since our population is aging in aggregate, the percentage of folks leaving the workforce through retirement is increasing relative to the percentage entering it, which is a problem where SS and Medicare are concerned. Also, I assume plenty of folks are deferring retirement – as they should – these days. But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.

[davelj]

[quote=Rt.66]

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

The same way folks that retire every day are counted. We have new graduates every year entering the workforce and we have new folks retiring every year leaving it. Since our population is aging in aggregate, the percentage of folks leaving the workforce through retirement is increasing relative to the percentage entering it, which is a problem where SS and Medicare are concerned. Also, I assume plenty of folks are deferring retirement – as they should – these days. But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.

[davelj]

[quote=Rt.66]

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

The same way folks that retire every day are counted. We have new graduates every year entering the workforce and we have new folks retiring every year leaving it. Since our population is aging in aggregate, the percentage of folks leaving the workforce through retirement is increasing relative to the percentage entering it, which is a problem where SS and Medicare are concerned. Also, I assume plenty of folks are deferring retirement – as they should – these days. But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.

[davelj]

[quote=Rt.66]

I wonder how students seeking work are included in employment numbers? Anyway, its sad.

[/quote]

The same way folks that retire every day are counted. We have new graduates every year entering the workforce and we have new folks retiring every year leaving it. Since our population is aging in aggregate, the percentage of folks leaving the workforce through retirement is increasing relative to the percentage entering it, which is a problem where SS and Medicare are concerned. Also, I assume plenty of folks are deferring retirement – as they should – these days. But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.

[Author]

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