'The millennial side hustle,' not stable job, is the new reality for university grads

[BannedForViews]

imo a lot the issue is pretty much everyone seems to get a 4 year degree now, which has greatly devalued their worth even in entry level positions. I think this is in part to due the number of for profit school printing degrees, and the ease of getting loans in the US. I wish loans were cut, and colleges held to higher standards to weed out some of the for profit schools.

Also society devalues trade skills and manual labor, when in reality apprenticing in HS as a carpenter / mechanic / plumber then working there while attending a vocational school can result in more money in the person's pocket, and a lot less debt. Heck a master wielder can make 50-70/hr same with other trade schools.

If you're going to a bad school, you need to reevaluate why you are going in the first place. There are a lot of people who go to good schools and get subpar (in economic terms) degrees, but there are many, many more people who are going to colleges that aren't worth paper they print their diplomas on, and expecting it to be some sort of gateway to success.

You are correct. Loans need to be given out based on the expectation to repay them, like they are in the real world, not in academia, and society needs to change its stance to trades. Germany is an example of a country that doesn't have a negative view to good paying skill jobs, and does quite well for it.

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I don't think people on this forum are going to be receptive to a economic lesson so I don't really see a point in writing a massive block of text so we can go back and forth mindlessly.

Globalism is effectively using slave labor over seas to sell to wealthy nations while at the same time keeping production uncompetitive at the local level.

It isn't a hard or even convoluted process I am highlighting here...

That's my point. You aren't giving an economics lesson. What you think you know is incorrect. Globalism is NOT about using slave labor. That is an extremely myopic view. You aren't "keeping production uncomepetitive at the local level", this is a nonsense statement. The purpose of globalization is to maximize competitive and comparative advantages. Malaysian workers don't have the education and skills that even the worst US citizens have. The value of their labor is substantially less. Why would I pay a US worker to make stuffed toys when I know the simple fact that they exist means their labor is worth more, when I could help the poor Malaysian who has no work, and pay them more than what they are currently making to make these toys for me. This frees the US worker to go find more gainful and beneficial work.

Your argument appears to be that US workers should be allowed to work any job they want, for any wage they think they require to live the life they want, but this isn't how the world works, nor should it. Your pay needs to be commensurate with the value of your production, which i why US workers shouldn't make cheap shit. They just can't produce enough of it to be competitive with lower skilled workers in foreign countries.

Instead of bitching about how you can no longer buy a house and a car and pay for your kid to go to college while assembling cheap toys for a living, you should be trying to find a job that more accurately matches your worth with the value of what you are doing, or you should acquire better skills to get more in demand jobs. You shouldn't be crying about poor countries, or machines like the fucking Luddites did.

[cuafpr]

If you're going to a bad school, you need to reevaluate why you are going in the first place. There are a lot of people who go to good schools and get subpar (in economic terms) degrees, but there are many, many more people who are going to colleges that aren't worth paper they print their diplomas on, and expecting it to be some sort of gateway to success.

You are correct. Loans need to be given out based on the expectation to repay them, like they are in the real world, not in academia, and society needs to change its stance to trades. Germany is an example of a country that doesn't have a negative view to good paying skill jobs, and does quite well for it.

agree on the bad school part just in the US kids are preached at "college college college" that most don't know how to research and tell the difference between a good and bad school, and once they get that degree they expect more doors to open than it will. A few schools are failing b.c. of being paying your way get your A, but not holding my breath on the culture of post HS education and careers changing.

I've heard that about Germany and that's a great thing!

[Deleted]

I don't think people on this forum are going to be receptive to a economic lesson so I don't really see a point in writing a massive block of text so we can go back and forth mindlessly.

Globalism is effectively using slave labor over seas to sell to wealthy nations while at the same time keeping production uncompetitive at the local level.

It isn't a hard or even convoluted process I am highlighting here...

So since you are capable of giving economic lessons, just not interested in it. I have a fast and easy question, how much would prices increase on goods that would be made from an industry that have returned to the country after leaving the global market, at a 20 % profit rate of the current globalized market? Say, an unmarked t-shirt for example.

[primalmatter]

So since you are capable of giving economic lessons, just not interested in it. I have a fast and easy question, how much would prices increase on goods that would be made from an industry that have returned to the country after leaving the global market, at a 20 % profit rate of the current globalized market? Say, an unmarked t-shirt for example.

What is the shirt made of?

In your example is both the material and the product made abroad or are the materials shipped out assembled then returned? I'm unsure the way you worded it.

[Deleted]

What is the shirt made of?

In your example is both the material and the product made abroad or are the materials shipped out assembled then returned? I'm unsure the way you worded it.

Standard cotton.

Everything that goes into making it comes from within the country. Or nothing, you pick.

[primalmatter]

Everything that goes into making it comes from within the country.

On a shirt I would guess it would be fairly large roughly 60%

Edit increase on total cost.

[Deleted]

On a shirt I would guess it would be fairly large roughly 60%

It is 800 %. And I'll just remind that is at a 20 % profit rate of the current one. Want to know how many t-shirts you have to make and sell at store rates, before you as an owner can take home a million dollars a year?

[primalmatter]

It is 800 %. And I'll just remind that is at a 20 % profit rate of the current one. Want to know how many t-shirts you have to make and sell at store rates, before you as an owner can take home a million dollars a year?

Seems sketchy to me as I do see locally made shirts for 20$... what is the starting price of this import?

[Deleted]

Seems sketchy to me as I do see locally made shirts for 20$... what is the starting price of this import?

Currently, 20-30 cents per shirt. Of course, on average, branding, textile and such changes this price.

You have to remember, I said at 20 % profit rate, which a 20 dollar shirt does not fall under.

[Cthulhu 2020]

I ran into the same problem as him straight out of college. 4 years of working part time and seasonal/temporary positions before I finally found something good.

That's how the economy is these days, although it's currently expanding and fresh grads have it much easier than those of us who graduated right as the recession was hitting ('08 graudate myself)

Of course back then, conservatives just said "pick a degree that's not liberal arts! Stop being lazy!" etc. They used all the same old lame excuses and tired lines to simply dismiss other people's problems. It was especially funny hearing that coming from people who were still in school. Knew plenty of people who said the reason I didn't have a real job was that I was just lazy, but when they graduated they had the exact same thing happen to them.

It's time for conservatives and Trumpkins to stop making excuses that people bring hard times upon themselves, and realize that were are in an economy that is rapidly shifting and people are having a hard time finding jobs. Period. No excuses about how they're lazy or women's studies majors when they're hard working, get good grades, and are in STEM fields.

Then once they've stopped being children about this situation (hah, like that will ever happen) we as a whole nation can work towards a real solution. Not just this anti globalization fear mongering.

[primalmatter]

Currently, 20-30 cents per shirt. Of course, on average, branding, textile and such changes this price.

Alright then yeah that makes sense the idea in my head was to compare local work profits.

Will continue this later if the threads not dead but the wifi i am bumming from this coffee shop is at its end.

[Kasierith]

Simply holding a degree does not make you an attractive asset. Really all there is to it. With markets becoming more and more competitive one has to have more to their name than the baseline requirements

[Deleted]

Alright then yeah that makes sense the idea in my head was to compare local work profits.

Will continue this later if the threads not dead but the wifi i am bumming from this coffee shop is at its end.

The point is that prices would rise automatically to accommodate the new production cost but wages can't follow suit, because the profits are shrunk to a far lower level, and there is still a need to maintain at least 15-20 % direct investment payoff (that is about the lowest you can go, without breaking the market), hence the leverage to demand higher wages disappears. And that is smaller business's, large corporations is a whole other ordeal when it comes to chain store dynamics.

So prices would rise, but wages wouldn't. It is the luxury of the western world that we currently have, and abandoning that is of course a completely other discussion but it is far from a solution to our current problems of wealth inequality and the shrinking of the middle class.

[Celista]

I ran into the same problem as him straight out of college. 4 years of working part time and seasonal/temporary positions before I finally found something good.

That's how the economy is these days, although it's currently expanding and fresh grads have it much easier than those of us who graduated right as the recession was hitting ('08 graudate myself)

Of course back then, conservatives just said "pick a degree that's not liberal arts! Stop being lazy!" etc. They used all the same old lame excuses and tired lines to simply dismiss other people's problems. It was especially funny hearing that coming from people who were still in school. Knew plenty of people who said the reason I didn't have a real job was that I was just lazy, but when they graduated they had the exact same thing happen to them.

It's time for conservatives and Trumpkins to stop making excuses that people bring hard times upon themselves, and realize that were are in an economy that is rapidly shifting and people are having a hard time finding jobs. Period. No excuses about how they're lazy or women's studies majors when they're hard working, get good grades, and are in STEM fields.

Then once they've stopped being children about this situation (hah, like that will ever happen) we as a whole nation can work towards a real solution. Not just this anti globalization fear mongering.

Yeah it won't happen with this administration, hopefully the next one. Trump seems to think that finger-pointing the blame at minorities will solve the issue.

[Queen of Hamsters]

I'm actually glad that I didn't run with getting an education right out of the gate, because when I was a teenager I had my heart set on one thing; Dogs and working with dogs for a living.

I've worked with dogs as a hobby and sometimes for compensation (never tax-evation worthy sums) but am now deciding between studying for a number of occupations that I know will be needing loads of people in the coming years. Everyone I know tells me I'd make a great nurse, but tbf it seems as though they're worked to the bone and treated like crap even here...

So I'm strongly leaning towards becoming a carpenter. Working with your hands, doing something constructive (pun city) with the vocation SCREAMING for new people.

Jobs for college graduates are not what is being moved over seas, and globalization is good for everyone. It's crazy how liberals can be so wrong about everything fiscal all at the same time.

... Am I missing something here? Didn't the Right win on this whole anti-Globalization schpiel?

[NED funded]

Statisticians are part of STEM, they're part of that "M" known as "Mathematics".

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What is a "co-op" BTW? I'm not familiar with this term in this context.

Though. That's the key word.

[BannedForViews]

Seems sketchy to me as I do see locally made shirts for 20$... what is the starting price of this import?

You're talking about people that screen shirts made in foreign countries, not people that manufacturer the entire shirt in the US.

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Yeah it won't happen with this administration, hopefully the next one. Trump seems to think that finger-pointing the blame at minorities will solve the issue.

The administration isn't what fixes things. It will happen when individuals are allowed to, not when we have the right Supreme Leader.

[Sunseeker]

Cooperative education.

Oh, so it's like an apprenticeship that you pay for.

[Ealyssa]

Oh, so it's like an apprenticeship that you pay for.

Why make them work for free when you can take their money at the same time ?

[PosPosPos]

Alright that makes sense.

I would say its the case of the robber barons.

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies.

Globalism is the greater of two evils at the end of the day.

Under the latter, at least you get to live a comfortable life.

Although I guess Trumpets would justify their disgusting inclinations in such a manner to deceive as many people as possible into giving up their self-interests.

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That has long been the attitude in the western world. That a college degree makes you a higher class citizen than others, and that you can safely look down on the "uneducated".

Ironically, this attitude is perpetuated by the baby boomers, who are also the ones whining that millennials are lazy because they don't educate themselves.