Majority of Young Adults Live w/ Parents as Economy Fails Them

Who will spend a few years preparing to teach special needs students if they're faced with a "so sad, too bad" attitude about the training they took? I have business training (economics, marketing), ran a business, worked in computers for a defense contractor--I could have walked away from teaching and made more money. A special needs teacher, typically not so.

How about cutting these folks a bit of slack when times get tough? Let them go last. Recognize they might have a more difficult time transitioning to other work.

Not sure who you think I'm trying to shaft.

We need a national defense. We spent $686.1B in 2019. We have 146.3m taxpayers. If we all pay the same, that's $4,690 per taxpayer. How is that going to work if someone makes $10/hour? That would be almost one-quarter of everything they make working full-time just for the DoD.

Do you think young parents can afford $10,000 per year per child to send them to school?

 

And since they've chosen a profession which is "needed", those people should make absolutely certain that they can survive recessions etc. Our support comes in the form of their better than average pay during the good times.

I can agree with support during adjustment, as long as adjustment is actually happening. IOW, not if it's just a case of the person taking welfare and hoping the recession passes. Adjustment means doing actually something to lower or eliminate your dependence upon welfare.

 

Welfare is a tool for the deliberate disabling of the masses. It's not a symptom of anything.

The symptoms of welfare though, are masses who can't/won't adapt. A populace which sits around waiting for someone to make things better.

 

Or we will just move the line of where "poverty" is, rinse and repeat.

 

yes, inflation happens regardless, the problem is, the min wage has not kept up with inflation

 

Raising Minimum Wage has never made anything cheaper.

 

not raising it has made people poorer and making more money may not make things cheaper, but it makes them more affordable

 

Measured by consumption, i.e. making things cheaper, shows that the poor are not getting poorer. Might want to update the canards.

 

We're in a recession that could easily slide into a depression.

Give the numbers a chance to catch up with what you see on the street...

 

Take computer science teachers. Not only should they have computer knowledge but they need to have the ability to teach computer skills. IT professionals make $85,000 or so per year.

Teaching school means you're not keeping your skills as up-to-date as someone working in industry. It involves a lot of study above and beyond working as a teacher.

The average teacher salary is $60,000 per year.

Are you prepared to pay more than double for computer science teachers?

If school districts shed high salaries in tough times, we'll have to pay computer teachers even more if we want to attract qualified instructors.

 

Not by any stretch of an honest, rational imagination is this the case.

 

You see, that's the mistake you keep making. I don't operate out of my imagination.

We are in a recession, and we are sliding towards a depression.

A depression is officially 20% unemployment. Stiglitz recently did some work pointing at labor dislocation as the cause of the Great Depression. I am worried something similar is happening now.

So that even if we don't hit 20%, areas of the country will, possibly large areas, and they will be in deep sh*t until and unless they get something massive like what FDR did.

This looks horrible, it's actually worse than it looks.

 

In just 2 sentences, you completely contradict yourself.

Another figment of your imagination

In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation. The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U.S. economy. The NBER recession is a monthly concept that takes account of a number of monthly indicators—such as employment, personal income, and industrial production—as well as quarterly GDP growth. Therefore, while negative GDP growth and recessions closely track each other, the consideration by the NBER of the monthly indicators, especially employment, means that the identification of a recession with two consecutive quarters of negative GDP growth does not always hold.
For information on recession, or business-cycle, dating, see: http://www.nber.org/cycles/jan08bcdc_memo.html.
https://www.bea.gov/help/glossary/recession

 

Your inability to focus is remarkable.

You didn't make a point, you hinted at it. I'm not here to hold your hand.

"The U.S. entered a recession in February, according to the official economic arbiter"
https://www.cnbc.com/2020/06/08/the...cording-to-the-official-economic-arbiter.html

I posted that just in case you couldn't even find the ballpark.

"With unemployment at levels unseen since the Great Depression — the worst economic downturn in the history of the industrialized world — some may be wondering if the country will eventually dip into a depression, and what it would take for that to happen."

The problem, as I see it, is that parts of the country have been shattered, and all it would take is one good economic shock, prob exogenous, to push us into a depression.

"By some metrics, joblessness — while improving — may be close to depression standards.

But the downturn will likely fall short of a depression relative to overall duration, economists said."

In any case, this is a nasty one, if I were to guess, the worst downturn since WW2.

 

No. Still the same. This has been going on for decades through Democratic and Republican Administrations.

 

Your inability to argue from anything other than your willfully-distorted version of reality is legendary.

On the contrary - I demonstrated your claim of the "official definition" of a recession was a complete and total fabrication.
That is, I demonstrated how you made yet another statement you know is not true.[/QUOTE]

 

Thanks for the laugh. The National Bureau of Economic Research says we're in a recession. Those are the guys you quoted, but you didn't read the whole page...

You are way out of your depth. Not to mention too lazy to read the whole page!

 

This is a factually wrong take on the education levels and job skills of young Americans. It's also wrong in terms of what young people are told them about themselves.

 

The big change was Reagan.

Economists track income velocity, and it hit a record breaking pace back then.

 

The only laugh here is that you think you accomplish something by continually making statements you know aren't true.

I didn't quote the National Bureau of Economic Research.

 

Everybody makes mistakes. You've made a couple here.

But besides trolling, you don't have a thing here. You have zero ability to discuss this, so you are stuck with nit picking.

There's a LOT worth discussing.

 

That's why I started there.

 

Ah.
You didn't make statements you knew were not true - you spoke from ignorance.
Tell us: When you repeatedly speak from ignorance and/or make statements you know aren't true -- what's there to discuss?

 

You never did respond to the points I made on this page.

That's for the simple reason you can't.

So now you troll.

I had some interesting things to say earlier in thread, but you don't know enough to discuss the topic, so you can't talk about them, either.

I can suggest several books. No chance in hell you'd ever read any of them, but you should.

https://www.amazon.com/Cities-Wealt...745840&sprefix=cities+and+the+,aps,158&sr=8-2

 

Excessive foreign outsourcing and excessive foreign imports only work as long as the people have good jobs

corporatism will destroy capitalism