Record Millions Of Prime-Age Adults Giving Up On Ever Finding Work | Nicholas Eberstadt
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- čas přidán 18. 05. 2024
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While the official unemployment rate remains at a low 3.9%, there is an epidemic in the US and other Western countries of men -- and now increasingly women -- without work.
These are millions of otherwise able-bodied working age adults who have given up on finding work, often driven to do so out of frustration and despair. It's gotten to the point where 1 in 6 prime working age men has no paid work at all.
What is causing this?
And what can be done about it?
Because when an increasing percentage of your prime working age population stops contributing to economic productivity, not only do they suffer the consequences of diminished prosperity -- we all do.
For a deep dive into this pressing crisis, we're fortunate to speak today with Nicholas Eberstadt, the Henry Wendt Chair in Political Economy at the American Enterprise Institute and author of the book Men Without Work.
Get Nicholas' book here: www.amazon.com/Men-Without-Wo...
Follow Nicholas at aei.org/
#unemployment #jobs #depression
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Why not ask the people in this cohort..... That would be scientifically more accurate. A first hand source .... Instead of interviewing third hand sources
😊😊😊😊😊😊s😊
You have to wonder if it is being oblivious and acting by them. People that have no faith in the system, low pay ($30/hour is same as $8-10/hour back in 2019), men no longer pursuing relationship after seeing divorce courts steal other men's children/life savings, young women no longer brainwashed that it is evil if they are single/childless, Men who are not selfish enough to bring a child into this wicked and evil system, prices rising so fast on everything you cannot do anything so why work 50-100% extra when inflation will cause at most 1% or 2% improvement in your life, people realizing how many are dying earlier now in theirs 50s/60s/70s since the pandemic infection/same protein entered into billions done coercively which has damaged health and people realizing life is too short to work so hard for 30-40 years hoping one will get even 2-5 years in retirement since you delayed retirement date.
Go try driving Uber for a couple weeks or working in a kitchen (real work) and then try paying all your bills off that and maybe you'll see why people are giving up. You two sound like Scrooge McDuck giving his maid a hard time for not working hard enough while swimming in gold. You two have no idea what you're talking about.
Why is this seen as a problem? I see it as hope that the citizenry is waking up to the reality of this economic system only serving the oligarchy. Are you not aware of this reality?
I think people realised that they re working for taxes, bills, few sandwiches and a daily coffee.
Some people are lucky if they can treat themselves to a sandwich here and there.
@@inkyandthebrain I never treat myself to any item, I treat myself to fewer hours of work. I'd rather have free time than have things.
Well said El-up And that is that.
All the while their taxs are funding a genocide as Obama builds his third mansion crushing the great new hope the young had with him
I feel this @@jupiterthree5228
The work isn't there. Those are fake job ads.
Plus affirmative action. I’m half Italian so I just claim to be Hispanic.
@@millennialsecularandauthri3338maybe that’s what I need to do. But I’m a light skinned blah person and Hispanics always approach me speaking Spanish.
@@MegaTamarra id just put Black then
You're absolutely right. I stopped applying for jobs after 60+ job applications in my field of work went with no response. I guess 30 plus years of experience is not appealing anymore.
@@newenglandhuntingfishingan4429 And I'll bet your spam rate went up 1000% as they collect and sell your data from fake job postings through Indeed, ZipRecruiter, Glassdoor, etc. Many years ago, it was like that on CL, too, with data collection companies just posting jobs to build their list. We give up a lot of information on those applications. It's always best to use a Google Voice # and separate email just for job apps.
My main concern is how to survive all of these financial and political crisis, especially in light of the US political power struggle.
Bad year for me, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
Her name is “Vivian Carol Gioia” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Work 40-60+ hours a week for the rest of your life, for chump change that can't afford the hyper inflated goods and services and rehashed tired entertainment, all while your hard work is never good enough for the boomers in charge. I think people feel a disruption is looming, and just waiting for something to happen - because this ain't it anymore.
1 there is no common religion
2 in many parts of the country, we are swamped with foreigners, my phone alerts are in spanish, why?
3 there are no good jobs, wages are kept low by massive immigration.
4 if men can not find good women, there is no reason to work. Feminism has poisoned the well.
5 massive inflation, prices double every 10 years since 1974, but have doubled in the last 5 years.
in terms of purchasing power, the average man has not had a real raise since 1980.
6 constant economic and psychological warfare on the middle class by the rich.
why have child, if you are living in a dystopia? Now you can not even get women.
no community, no religion, no job, no women.
why buy anything? live minimally wait for the zombie apocalypse. because it will come.
now Biden wants to take us to WWIII, you know who is not afraid of anything now. the ones who have nothing to lose.
Obviously your younger than the “boomers”
Well I’m a boomer. I started working and living on my own in the 70s at 17 years old. My mortgage was over 10%. Income rates were much higher. I moved to the USA at 23 from Australia. Married at 20. Retired at 62. Worked for over 5 years in Iraq and Africa. Never made working over 54,000 except when I worked in a war zone for 5 years. I never expected anyone to help except God. And no one else did. I rose up through the ranks to Head Chef. No fat pension besides S.S. and my own monies.
I have no resentment towards anyone else except whiners who are great at whining but not great on sucking it up and getting the job done. Try it.
Well said …
I'm 36, never married, homeless since the pandemic, and living in an old Toyota Sienna minivan now, despite working, and not addicted to drugs.
@@johnbirman5840 the world doesn't revolve around your gen anymore. We know you guys made it, you don't have to remind us. We don't care.
Gen x and forward have to fix the mess you've left for us, and we know you're not with us, so just stay out of our way and don't come crying to us when nobody visits when you're old.
3 americans. 2 dont work. 1 works at mcdonnalds part time. Ubers on weekends and delivers packages for amazon. The US says we have 100% employment.
And yet there are openings in many union jobs and other jobs that pay decently in blue states: pharmacy tech, LVN ,RN, electrician ,aircraft mechanic, teacher, social worker, cybersecurity expert and on and on.
US democracy is a facade = ilusion= Corporation$ Totalitarianism
@@fremontpathfinder8463 There are so many fake job advertisements these days it's impossible to tell if there really is a position behind the ad. On the one hand there might be real staff shortages in some industries but on the other hand there are millions of people potentially wasting hours a day writing applications and even prepping for interviews for jobs that don't exist.
Threw percent unemployment, allegedly.
@@fremontpathfinder8463dude, nobody in my experience is willing to teach or give opportunity. DEI and Affirmative Action with Application Tracking Systems have made things very complicated.
There is no labor shortage. That's all BS! Just because they post a job offer doesn't mean there is a job on offer!
And just because an employer would WANT another employee and show it by posting some crappy job offer, it doesn't mean they are effectively "demanding" an employee with the proper economic incentives like a high enough salary. For example, what if there were 100,000 new job postings tomorrow, each offering a $1 per year salary? Are those 100,000 jobs real. No! Maybe we should not be considering the NUMBER of job postings, but rather the amount of dollars being offered for labor. In my simple example, you would say there is a $100,000 labor bid on the market. Whether that is 1 x $100k job or 100,000 x $1 job, it's $100k offered for potential workers.
yes 100% agree, there is no shortage. It is really not worth working anymore especially for the younger generation. only to break even on paying bills , scraping by. paying all the taxes, paying into SSI and for the government to just spend that money on something else and not have it for when people retire... millennials, gen z & alpha will have to work until their dead. there is no more retirement, no more insensitive to work! Let's not forget the government pays people more money not to work.....
@@aaron159r2 Precisely. I've been making this point for years now and it's as if people refuse to see through the propaganda. A lot of jobs often won't train you, and if they do, the social fabric is different than previous, and inflation is worse. The rise of feminism and modernity has led to a situation where men, without any chance of getting married or having a girlfriend at young ages, have no incentive to work "just because". I'm a high level professional and see successful, tall men all the time that laugh at the idea of marrying a woman in the west - there is frankly no return on investment.
The dirty tricks in the world of corporate hiring would completely shock most people.
@@mrw417please elaborate
The "official" unemployment rate is an almost utterly worthless statistic.
Soooo many folks are underemployed. Yeah they are working, but doing gig type stuff with no benefits including workers comp. It is not easy to get a decent job with full benefits.
No one lies like the people of Washington D.C.
@@randyosborne3971Anyone who is rich is a liar. Except Warren Buffett. I like him.
they omit key numbers. how many fell off unemployment and are unable to collect anymore???? they dont want to talk about that.
What good would a better UE statistics do for you?
I think the trickle down is that the dating market is so bad that when men lose interest/ability to date women and start families, they by default don’t find work worthwhile
Under stated and this fact wont ever make msm cuz facts like this are offensive to vv0m3ns fragile egos
Not to mention the 304ish, cunning, and entitled behavior of women.
Low key I kinda feel like it's always been bad, the public simply can't afford to keep it under wraps.
The level of degeneracy rose too fast for the already not to be the standard.
Plus the work truly is not worthwile and people who have social responsibilities like partners or children don’t work because they want but because they have to.
Absolutely agree with all of you guys, Amen! 👍
I have a Masters degree and worked for 25+ years in the business world with various certifications. I chose not to return to work after the pandemic as Corporations do not want to pay a fair salary commensurate with my experience. While the CEOs and C-Suite employees reward themselves with high pay, bonuses and stock options, they expect very experienced workers to accept the same stagnant salaries that the employee made 10-15 years ago while working 60 hours a week. Also, a lot of corporations these days only want to hire people as contractors so they don't have to provide health benefits, vacation, etc. I'm enjoying my free time now and am glad I'm no longer a slave to the greedy corporations who won't pay a fair and reasonable salary.
If you think the USA is bad... Come to the UK with a half as less for the same skilled work
Of all the comments I have read so far, yours is the one that resonates with me. Jobs that pay decently demand more and more of their employees and one reaches a point where the money just isn't worth it.
Good that 25 years of full time work have allowed you to accumulate sufficient funding for an early retirement.
I saw very similar cases at IBM…after many years of stagnant wages, many experienced specialists retired with a golden handshake.
This is so true. I totally relate to what you mentioned. I prefer to invest in myself and learn investing skills to make a living rather than paying out of pocket for MBAs and more professional certifications that are overpriced and guarantee absolutely nothing but a hole in your bank account for the “privilege” of sucking up to self-centred, often morally bankrupt C-suite.
This was the story of my life in IT.
Accept contract at the same rate of 15 years before, provide good work value, get ejected. Rinse, repeat. If we had IT unions, my career would have been much better. Conservative right-to-work laws and mercenary corporate tactics fck everyone. Except for the C-suite.
Listening to two elitist wealthy guys discuss the goings on of the "common folk" is priceless humor. Thanks for the laughs guys!
indeed
All for stigma and shame for the little people
Yeah truly hysterical
The old guy with the stiff upper lip looks like a Soviet caricature of a capitalist villain.
😂
People are tired of subsidizing boomers social security. I worked full time with side hustles for over a decade thinking I was gonna eventually “make it.” Some years I never used company Paid Time Off. I showed up on time, was a “team player” and did everything I was supposed to do. One day I woke at age 30 and realized that I put in all that work and I had nothing to show for it. No wife no kids, no home no nothing. But boomers will blame me and say that need to stop complaining and “work harder”.
Put that effort into a business.
@@blobmonster9494why bother if you have no one to support?
@@cordfortina9073 to help yourself or someone else.
"boomers" paid into the system their entire working lives. Should they not receive the benefits they were promised by the government? I think the culprit is government itself, with its colossal -- truly epic -- waste, corruption and mismanagement. Think of the hundreds of billions we are spending to prop up a corrupt Ukranian state.
Boomers paid into social security, just as you are if you get a paycheck. Good Lord, educate yourself
You are missing the point. What if I no longer care?
The system is sick, and I have no desire to work to maintain it when all that happens when you are successful is that somebody comes along and takes it all away?
Do you mooch off people?
@@blobmonster9494 Haha, when the rich live off government grift, money printing, deficit spending. Why do you think the 34 trillion in federal debt is for? Taxes doesn't even begin to cover it. You think your little taxes pay for other people? What about Ukraine and Israel? How are they contributing to you? other than their aipac oligarchs own our government.
@@blobmonster9494maybe he is kicking back on everything he has already put out in blood sweat and tears
Sounds like homeless
Amen Brother !
Don't have children.
Don't bring anyone into this madness...
I couldn’t agree more or stronger with your comment
Even the goats aren’t breeding as much. I think they sense the chaos too.
@@KikoValleyMan ohhhhh I definitely 👍 agree
I'm 63 , Worked my ass off my whole life and I see the young know this Shit show is not something to get involved in.
@@thomaslusk7621 agree completely
I have to argee with others here. I am 35. Been working since I was 15 and constantly stuck in jobs that are low skill and low pay and often times taking pay cuts, overworked, no negotiation for wages, understaffed and constantly having take on more job responsibilities and not compensate for it. Working myself to death since High School and never once had health benifts, thanked for my hard work or a raise or promotion. I sold my heart and soul for my job and recived nothing
If you never got a college degree, you’re stuck in low wage jobs forever. The only way out is to take on tons of debt so you can get a higher paying job so you can work more to pay off that debt… its insanity
Your best hope is UBI. I really believe UBI will happen because AI is going to make a lot of jobs disappear in the next 10 years.
Go to a two year tech school program for one of the trades
Anyone can 'Go Union'
Did you pay attention in school?
If you're a senior citizen, it doesn't matter if the jobs are there; they're not there for you. Employers would rather have no one.
no. they would relish to hire you for free if they could.
Same for the younger folks. Employers will blame every little thing for their pitiful salary offers or just outright outsource the role to India/work a skeleton crew.
Senior citizens built the system we currently live in and a lot still control corperations and governments.
@@davekohler5957maybe 0.5% of them do. The rest are just peasants like everyone else.
The questions no one wants to ask: Why bother to work when you are taxed into the ground (property tax, sales tax, income tax, etc.) and what net income you have is actively and purposefully inflated away by a corrupt monetary system that will self-destruct eventually due to the inherent reality of a debt-based monetary system? Why bother to get married in a society where men have been actively and purposefully hallmarked as villains and perpetuators of "toxic masculinity"? Don't get me started on the inherently imbalanced status men hold in social constructs like divorce proceedings, alimony, and family law. This interview is hitting at superficial manifestations of a society and Western civilization in terminal decline. The answer to your questions could easily be answered by another question: "Why bother?"
Well said!!!!!!
Here here, brother!
It only adds further insult that Adam is so clueless that he interviews a member of the class that gaslights us endlessly about how it's a "lack of confidence" you problem, not a parasitic ruling class that controls our institutions. Just vote harder Goy!
A shorter version: "What incentives do I, as a man, have to give 40-50 years of my life to a society that despises, exploits, and demonizes me?"
Perfect! Neither Adam or any of his guests will pretend to notice the low quality of women, the attack on men and how it effects men's ambitions to create, strive and succeed which drives the economy. Notice the lack of quality and reliability of products now? That is from intelligent men going Gault.
Covid was a wake up call. 'we are only going to be here once' Working people give up 45 years of their lives to pay perhaps to get 15 years of retirement- that is a poor return.
Love this equation. ❤ It put things into perspective
Modern retirement is a modern thing, maybe since 1960s.
True, but not everyone has the luxury of being able to retire early and travel the world. And not everyone has the ability to start a six or seven-figure business from scratch. The ever-increasing cost of living has kept many on the hamster wheel.
Excellent point...! I never really thought about that in such real terms..
Love it ...agree with the concept . The reality is 90 % of us will always be the worker bee...so the 10% can have it all.
MONEY = POWER.
Problem 1: Employers refuse to train anyone.
Problem 2: The vast majority of job listings the government say exist are for “ghost jobs” that employers have no intention of filling, and just post to have a perpetual stack of resumes in case they might need someone at some future position.
Problem 3: Employers don’t pay anything close to what labor is worth.
Problem 4: Government regulation makes it almost impossible for employers to take any level of risk on an employee who has the slightest hint of a mistake the made 20 years ago because they were a dumbass kid.
My gf was looking for a new job for 2 years. Finally found one
Problem 1 was huge since 2008. Now, employers have taken their efforts and put it into hiring methods. Not only do you have to be the perfect candidate, but they'd rather waste time/money having you also survive a hunger games style hiring process instead of training candidates with potential to be great employees.
Problem 4- yup! Especially now when police can be used tyrannically and they arrest you for any little thing. One of my college friends was never able to get a job in accounting due to a record when she was very young. I have gotten her interviews but no one will hire her. People make mistakes but you have to be squeaky clean to get a job or run for office.
Problem 4 has no solution.
No one will hire me, therefore I have no work experience, and with no working experience AND a miild criminal record(one misdemeanor 26yrs ago)
it is completely impossible to find a legal job.
JUST EUTHANIZE ME!!!!!!!🥵
Why should I pay you to train you?
As a man supporting his family while barely able to feed myself on these crappy wages, I’m nearly at my breaking point of just trying to leave this country or give up trying anymore I am tired of working and not able to afford to eat. What is this nightmare? Is this the American Dream?! At 29 I am suffering with no family besides the one I made myself and now I can barely feed them I am reliant on this Government who hates me. I can’t stand this country anymore…
From me to you- I was at the same place. I decided to get land and grow a garden and animals. Not perfect by any means, but solves some issues(admittedly while creating others.
Don't worry. Enjoy the decline :D
The government hates you? You sound mentally ill.
Try to find a job in Asia as an English teacher.
Same in France. I'm French. The west is done....
In general, men work (groom themselves, maintain fitness, and pretty much everything we do) to attract and provide for a mate and children. Not sure if you’ve seen the state of dating lately. Kids are expensive and the world has become such a place that I think a lot of people are refraining from bringing children into it.
Well said.
Yes, even if you found a wife (fat chance, lol) the legal structure is another death blow. There are so many elephants in the room, and it's sad we can't get older men to address them - mostly it's because they don't want to be criticized for telling the truth about what men desire and why they would actually work - and it's NOT for wives who act like men, are overweight, and can leave at any time. The only fixes are really drastic, such as mass die off or implosion of the country or its legal structure into something else. Sad, really.
@@johndamascus6039 Very well said!
Yeah, even if you find a chick that isn't going to ask for the world to consider allowing you to date her, she's likely to bail at the next best option and take half your shit. Plus the cost of kids is preventative for most.
Money doesn’t go into raises or investing in workers. It goes to stock buybacks and dividends for investors. Most of the working class are getting tired of working harder for less.
Buy stocks then
@@SunofYork I do, thanks dad. Unfortunately, many Americans cannot afford to and it’s their situation I’m referring to.
@@hood6854 Most of them asked for it by their choices at school. I have a Samsung S5 and I don't run a big red 80k pickup, although I COULD afford 20 of them...cash.. I have never smoked cannabis...
National monetary policy has bailed out out the housing and stock market with experimental QE and ZIRP for a few decades now. It's not evilness of corporations or investors, it's governmental politics (true, likely hijacked by corporate lobbies) that contribute to the perverse incentives that discourage people from wanting to work. The payoff just isn't there when financial assets are so expensive relative to underlying economic activity.
@@SunofYork Such a boomer take.
It's time business owners stop treating people as disposables. We are human beings, not toilet paper.
The bourgeois will do anything for the poor, except get out of their backs.
Crude analogy
@@PraveenSriram no, it is VERY realistic, in fact...
It's a trickle-down effect. Business owners don't know any better. They are only people, and people are only livestock for the gods, because even gods get hungry and have to eat.
Consider the source.
@@boreofwrath837 the "trickle-down economics" is been applied since the Reagan administration, and it NEVER WORKED, except for the rich.
I quit working at 56 years 2 years ago. It was my own decision. I don't wanted to pay taxes to my deluded GOVT (Germany) anymore. I sold all I owned and migrated to Sweden. Btw...unvaccinated, well educated and self sufficient. I am out - and I am happy 👍🏻
germany for sure a bizarre attitude esp with the migrants
I’m right behind you. 73 days. I can’t wait.
Congrats to you🎉
Lots of Germans are going to Sweden. Are you in the north?
Not the same, in America if you don't have a Job you have no affordable Health insurance until you are 65, you also have dangerous infrastruture (accidents), a poorly educated work force and no affordable child care or Family Leave if that matters in the equation . Vaccination is a moot point, don't really care if you get Long Co~Vid or not.
it's pretty simple. the wages that are paid dont buy anything, and the non tangible things men want are also unavailable (marriage, children, stable communities, honorable institutions). and dont get me started on the absurd requirements for these jobs. these employers want a 15+ year experienced professional with a phd for $22/hr. it's laughable. hell even just applying to these positions requires you to take pre employment testing, then go through 5 rounds of interviews only to be offered 30% less than what youre making currently. it's a joke. these employers dont want workers, they want slaves. At a certain point i think people just give up, and you cant blame them. the rational response to a society with this level of mental illness is to withdraw.
I was a hiring manager pre-pandemic and yes i can say modern job interviews are ridiculous. All I wanted was someone capable of doing the job and someone who meshed well with the team. I'm currently out of the workforce and starting my own company and id never do more than a two stage interviews. Well, technically three stages, but by the time you meet the executive team you are already hired and its just a formality at that point...
@@TheNewCarryTrade BS U were NEVER a hiring manager. My opinion
Yes
@@mba2ceo Personal testimony in comments sections is worthless. Anybody can say anything.
"[T]he rational response to a society with this level of mental illness is to withdraw."
This! Could not have been stated any better! 💯
Housing is the primary component that is causing the fiscal stress and the feeling of hopelessness. Is unacceptable for society to price out it's younger generation. The gap between the haves and the have nots is so large that it's not surprising people are just giving up. We need to get housing prices down. We need to remove 100% of investor money out of residential resale real estate of four units or less. We are vastly becoming a third world country with a severely lessened quality of life. What happens when you're playing Monopoly and one person ends up with most of the real estate and money ? That's what is happening in real life.
With the money we're spending in the Ukraine, we could build a house for every homeless person in the US.
All of these empty houses and no housing available. So why are these property investors investing in them? Property taxes still have to be paid. When the banks reposses your house they just let it sit and rot in the meantime demanding higher resale value
It is sad that things are proportionally expensive. I have a rental house and I rent to a young family. I intentionally keep the rent much lower than the current market, because of the cost of things nowadays. It seems most landlords try to milk every last cent out their properties when they could afford to offer a better rate to their renter. This has resulted in a wonderful renter/landlord situation for me. When I sell the house, it will NOT be to the highest bidder or a corporation, but to a young family starting out (or to the current family if they are interested). Sure I will make a profit, that is the point of owning a house, but I don't need to be greedy. I keep the house well maintained and the renter and I have a great rapport.
Same happening in Europe.
@@exhibitdesign901 you're one of the few ones with a conscience... Good job lead by example...
Was this a joke? Is this a joke? How out of touch can you be. You can't save to get ahead when you have hundreds of thousands of dollars in student debt and the price of everything just keeps going up. Employers have no loyalty to anyone but shareholders so people are being laid off by the thousands when they were barely getting by to begin with and you can apply for 100 jobs and get 15 interviews and maybe 8 call backs for any jobs that might be able to pay your mortgage and barely anything else.
Student debt is a big problem. It is scandalous the interest rate on student loans. That is one of the big things that needs to be addressed. Student loans used to have lower below market rates, now they are crazy. I also think tuition should be subsidized instead of other social programs. Something needs to be done at the Federal level concerning the cost of a college education. As well, degrees need to focus on viable careers.
Loneliness and disconnection among the young is most concerning and disappointing. No society can flourish under those conditions.
It's an epidemic and loneliness is a high risk factor for bad mental health and poor physical health outcomes. Depression is regarded by the World Health Organisation as the biggest threat to public health, higher than cancer.
I really want to just start dance halls everywhere. To help.
Improve the connection and engagement of young people. We can all learn ballroom, dance and that's affordable and cheap.You can dance on a basketball court.
They can fix that by setting down the cellphone.
@@lorib5398 solid idea but women wouldn't show up, would just be a bunch of dudes.
@@lorib5398You would be shut down. They would blame you for monopolizing public space. They did that for yoga classes in San Diego. That is why there is no community outreach.
In 1965 with a single blu collar paychecl you could afford a house, wife at home with 3 children, and 2 cars
sounds like the family i grew up in. we had a popup camper and mini bikes.
Exactly, and that was on about $8000 per year, plus able to take vacations and save.
And in 1965 the women were far more likely to be fit, feminine and friendly
Im just the beginning on genz and had my mom having the audacity to tell me she never made good money but she had a 4 bedroom house with 2 living rooms finished basement we had a pool a seperate garage with 2 doors and enough space to fit 2 cars and a sit down lawn mower the jobs when she got the house with my dad (my dad did general labor at construction not even blue collar trade) she worked at wendys and A&W meanwhile I am an operator for one of the largest cheese plants in canada making 3x the wage of both their incomes combined I have no debt and have only my phone internet and Amazon subscriptions I can't even get a down payment on a home for the next 6 years at these prices she bought her first home at 22 without family help so me getting told to pick myself up is just a kick in the teeth
Dont be so dramatic. You can still achieve the same thing with the same job. 😂😂😂
You just have to work 300 years. Thats the only small difference.
Job is a demeaning term. "A man who works all day has no time to make money." -John D. Rockefeller. The richest, most powerful people in the world do next to nothing in terms of real labor. We live in a nepotocracy. Unless there is a massive reckoning that forces the top 0.01% to do actual work again, what incentive does everyone else ruled by such a cohort have to give half their life over to corps that deem everyone replaceable? The answer is zero.
Corps...corpse. Same same.
This is 100% correct.
If we all stop working, who will they steal money from to pay for their yachts and mansions?!? 😮
Personally, I blame the governments for making deeply devastating and extremely wasteful decisions that do nót serve the tax payers. It is the tax payers money!! And ofcourse it is a fact that social media has a depressing effect on especially the young-ish people: comparing fake lives to your own real life.
@@FreeSpeech4All Artificial Intelligence
Sounds about right the more you work the less you make…😢
As a single never-married man in my early late 40s, I can tell you how tough and exhausting it is, mentally and emotionally, to stay productive and not fall into substance abuse or into a psychological funk. I think I push all that energy into my work, where I've become an obsessive perfectionist, oftentimes at the cost of my health.
Read Bible, dare i say a wife might balance you naturally
Know when to fold um . . .
Glad that you are finding something to keep you above the pitfalls of substances and funk that you want to avoid. Sorry it is work (I too am somewhat of a perfectionist, so I do the same when I am working) but I hope the best for you. And, in response to a comment above mine, a wife will not balance you out. That is absurd. A healthy and caring partner *could* possibly help you have some balance and other places to put that energy, but who’s to say the “wife” would be balanced either?!? Sorry, I couldn’t let that nonsense slide by. You are enough. You are doing enough. The problem is capitalism, not you. ❤️🔥
Not trying to be mean, but it’s always been that way.
Same age as you, single all my life. I’m very hard on my own prospects, but last week I went to the local hotspot street and it felt good. Maybe I’ll try talking to girls again. Just pick a place where it’s safe, and no one will smash your car.
A lot of young people are living with their parents still. Especially men!! I see this all the time. Men are not like women. They don't need stuff. They can live in a basement, or whatever.
Men are coddled by parents more than women. Women are expected to mature earlier.
We also aren't being sought after to be taken care of
One thing he doesn’t discuss is the workplace itself. They’re mostly toxic. Managers spend more time gaslighting and showing favoritism than leading. It becomes quite taxing over time.
Yep. It's also very soul crushing to see the amount of nepotism that really defines who gets what role. If you aren't in the club you might as well check out.
I don't know that there's a solution to that from the corporate management perspective. People are generally kind of nasty when they are stressed, and it's much easier as a manager to treat people badly if you have your own stresses to manage.
I went to Lowe's a couple of days ago to get some lumber cut, and the young man who was cutting it confided in me that he was about to walk off the job.
It wasn't the hours, it wasn't the wages, it was that his boss was overworking him: there were supposed to be four people in the department and there were three missing.
I told the young man his boss was overworking him because his boss knew he was a good and reliable worker; that's why the best employees burn out while the slackers don't. My advice to him was to learn to work at his own pace and not worry about what the boss wanted, because it was obvious he was NEVER going to please his supervisor.
And that's the typical American workplace. It's a wonder anyone gets out of bed in the morning to go to our miserable jobs. I was a college professor, not a clerk in a store, but I could relate very well to the young man's discontent, because I'd been treated badly, too.
The #1 reason I've quit jobs, the #1 reason anyone quits, isn't the difficulty of the work, or ridiculous hours, or low wages--it's bad bosses. Unless and until we address workplace culture in the USA, there'll be a constant and growing labor shortage.
Shame on his boss…
My wife used to work there that place is a shit hole
"I'd been treated badly, too." Poor you. Did someone look at you cross-eyed? Grow up and move on instead of moaning about how 'badly treated' you feel.
@@ng67432 Another bad boss has logged into the chat 😂
Do you resemble that remark, buddy?
Thats how inflation works. When your business costs go up (because of inflation) you either have to cut jobs, cut the hours of those that stay, and increase the productivity of those still working. Simple economics. But apparently the Lowe's dude didnt get that in school.
Got to 25 minutes waiting for them to discuss any real talking points. All they did was obfuscate and bullshit, while skirting around anything meaningful or impactful and making excuses that didn't address shit. Was this supposed to be a feelgood piece for the old guard and the wealthy? That's all it feels and sounds like.
I like people like you lol!
Job postings are probably 75% fake. I just had 3 interactions with 3 different companies in the past few weeks, and all 3 have ghost job postings online.
+ indians making fake posting to data mine
56 yr old professional here. You spend your 20s getting an advanced education and experience to make good money. You only have 20 years namely your 30s and 40s to make money! At age, 50 employers (beset with private equity owners), start to look askance at you. You need to either be rich, have your own business or be satisfied with leftovers by age 50. Most people dont quit they are just jettisoned from the workforce way before their normal retirement date. This is what then leads to either depression, disengagement, addiction or maybe even criminality! The US economy is FABULOUS at creating low wage jobs!!!!! And destroying well paying jobs. The family you support is in the US at US prices not in Guatemala at their prices. The private equity people running these shops need more and more peons to do service work for them: uber drivers, yoga instructors, food delivery people, burger flippers, bedpan changers in nursing homes. You wont find middle aged American males in these professions.
In many states you are better off being unemployed and on government aid. Just do the math: healthcare, rent, food, childcare (if applies), eldercare etc. If you are working, you spend 110% of your income on these things. If you are unemployed and or poor enough, you get these for free or almost free. In a lot of cases it just doesn't make sense to work if you end up in the red anyhow. And before anyone flips out: I am NOT on any benefits. These are just observations I made the last couple years based on what I see around me.
You don’t have to be unemployed to get those things though. Most on welfare work full time jobs they’re just low paying jobs.
Exactly…why work just to still be poor?
@@shaymalchione809 Valid point. I don't feel that your comment and mine exclude each other. Depending on situation you might be able to work a little, in other states you mustn't really make anything or you lose the benefits.
Denver Colorado taxpayers are spending $115,000 per homeless person per year. I wonder if any of that money is wasted? Pathetic.
Corporations provide the employment in low paying jobs, the government provides the benefits. The company receives the tax credits.
This country is doomed. As a younger person, let me tell you. America will go the way of Rome.
going, going, almost gone
Rome ultimately fell because they didn't have the tax base to support their overextended military (industrial complex) obligations.
Yep. America had a good run.
Take a look at how China is going, then weep. I'm not saying the US is all sunshine and roses - far from it - but other nations are imploding. It's internationally a colossal problem.
We have to find a way to pull together, whether it's community involvement, or other networks so good people don't self destruct. Blaming ourselves is the worst thing and it's happening.
If you look at Kurt Cobain, he was painfully aware of the bs in society and he had physical pain he tried to self manage. He came from the wrong side of the railway tracks and not even success could compensate. AND the situation was orders of magnitude better than now for young people.
More like, " Sodom and Gomorah."
Have either of you walked the streets and spent time with young people? Not at the country club but in general, all walks of life.
Our country has kicked them in the teeth. Now change is taking place. We will never return to the old ways. It's over! I've raised 3 kids and watched them and their friends find their way. It dirty, it's hard, it's their reality.
Greed has now consumed its own tail.
It has always been dirty and hard except for about a 30 year window.
What a timely video. One of my sons trained as an electrician but cannot get hired because he won't join the union. He was working as a part-time janitor that was the only job he could get. He was being harassed by a female co-worker so I told him to quit. We started our own business because honestly that's the only way he's going to have a future. You have to create your own career.
Correct this is what I did and it finally worked out. However 2008 wiped me and my saving completely away. However, I say don’t give up. And do not go into debt. Live in a pre-manufactured shed.
There is no future in any trade the way they are going...... Quick money and 💩 work.....
He made his choice
Wish you guys the best. This is the way to go moving forward.
My parents were Dirt poor and the one thing they told me was if your going to work for someone make sure your in the union , Now at 63 I'm so glad I joined the Teamsters 41 years ago...
Have you tried applying for job lately? Miracle your resume gets through a layer of HR idiots and keyword filters. Most of time you don't even get an email back.
I have worked with an employment counselor for years, and both of us have witnessed that old folks never get an interview. Mostly for reasons related to work culture and the generational gap. When you get NO for an answer no matter what, you eventually walk away. I've documented my entire experience. A fucking nightmare.
I'm sorry friend. I was a hiring manager for a software firm and I hired 50+ talent. I hired jr talent as well, but honestly I found the work ethic of the older guys to be far superior. I once hired a 62yr programmer and he was a rockstar...he was difficult to manage, but he could run laps around a similar 20 something hire for my team. I'm starting my own company now and I will continue to hire the older guys.
I am young... and I dont get interviews either. I am in East Europe (in EU) and our gov is giving big companies money to hire young people. So the young people are hired by corporations and paid from our taxes. Practically they work for free. Pretty insane right, its a scam. Corporatocracy and rentier capitalism destroyed jobs. When the Soviet Union fell one of the criteria for entering the EU was forcing our national companies to be privatised by the west - '.free market'right ehm... Western companies bought our national companies kicked all the people out and closed, in order to destroy us as competition. Now they are paying us peanuts, our economies were totally dismantled. It was the biggest scam and trap of the century we were too naive. We thought communism was hell... No, our commies had hearts of gold in comparison to imbeciles running the west.
Because almost everyone goes through high school, a diploma has been made effectively useless. It is a commodity and the value has been pushed down to zero, and kids know this.
So we are forcing all our kids to go through 12 years of wasted time, in a miserable prisonlike environment where they are forced to spend time with abusive kids, we are teaching them leared helplessness.
Now add to this an environment of free, hyper arousing, ubiquitous entertainment constantly trying to devour their attention.
This is a disaster. Maybe now that girls are also being effected we will care enough to try to fix it.
I’ve been working full time for 8 years. I’m nearly 30 years old - I work in a corporation.
My wife & I make $150k a year. We can barely afford to live. We don’t watch TV, make 90% of our meals, and rarely splurge on any large purchases. The American dream is 1000% dead.
No one cares at work. And I mean NO ONE. Our US dollar is worth squat & I am scared for the future. We are moving backwards, quickly. Law biding citizens are no longer valued - they are called racists and bigots.
Unfortunately true. The middle class is dead since long and thus you feel this way. Hang in there and try to save and invest to further accelerate your wealth as well as upskill where possible over time as you see fits. You can do this. 💪
Barely afford to live?? What town? You need to move. My employer pays for my housing, my 2010 F150 is paid for, my cost of living is around $1200/month. Nobody can tell me you can't live on $100k. I live on $21/hour fulltime. People need to stop buying things they can't afford.
don't have kids; no one should...
@@taketheredpill1452 I disagree - if I had 10 kids & no money I’d view myself as a richer person that had no kids.
Children are a gift from God
@@workthenumberswjake - You're right. We disagree...#FundamentallyOnEverything
If you don't have kids, and you live with family, you can do odd freelance jobs and have a fairly nice life. Then you can one day inherit that family house, and who cares after you go. Compare that to wage slavery. You talk about the workforce dropping out of the social contract, but it is the employers who broke that contract decades ago when all you are to them is a number of an spreadsheet. Not having kids is the main thing that keeps you free and with options, unfortunately.
Not only employers, our parents' generation too have ruined it for Millenials and generations after.
The poor used to put their kids to work, they could use that as an income stream to help pay for having them but that was stopped with labor laws. 🤣
@gormenfreeman499 teach your kids to trade in the markets while they are young and then labor laws don't apply if they are making their own money.
@@handyrams4822 Leftists will simply raise your capital gains taxes, there is no way to prevent the fruits of your efforts being handed over to the entitled party class
American should go back to living together throughout life. This would mean not sending your kids to public school, though. This is one of the main ways the government drives a wedge between parents and family.
Young men are motivated by the prospect of a family. When 80-95% are undesirable by women, then the prospect goes away. Hence, no longer motivated.
Lol yea, they act like it’s some great mystery…
@@nicholasbroadhurst9096boomer logics
Yep, men got nothing to work for and a system that hates them...gonna be fun to watch them try and keep things running with all the new 70iq imports.
Don't forget that 80-90% of whamans today are undesirable to the men. Feminism, single moms, phone tards(tictok,instagram,tinder...)
Yes but I wouldn't put them as undesirable I'd more put it as society as a whole hates men in general so they are demotivated. I have never had problems meeting women and having relationships I am not that attractive I'm not feminine. But I just am also not afraid to talk to them and most importantly not afraid of rejection. Dating sites are horrible for men it is far easier to talk to them in public don't lure them to a dark ally just talk in an open place where they feel safe.
No. The creeps are drunk on luxury. I'm not going to be dragged into the "we're all responsible" BS this time. It's pretty damn obvious who caused this situation and I guarantee you nothing will be done that will stop them in any way.
It's not even worth it to work anymore. I'm homeless in an old Toyota Sienna minivan in Los Angeles, after losing my housing twice during the pandemic, and couldn't afford the skyrocketing rents. I work and I'm not a drug addict.
Your mini van is your home.
@@bighoss8793 Well, the world is my bathroom then... 🚽
I lived in a session of secondhand vans from eighty's through ninety s . Own a half acre on lakeside in the hills now . Ant much to look at but a dry place to sleep with people constantly wanting to buy it .
Go jump it the lake . . .
I live with family members because, even with a good job, I STILL could not afford these outrageous rent (or even house note) prices! Maybe if I could miraculously go without utilities or food I might be able to scrape buy, but then what about insurance, income and property taxes, etc.?
This economy is absolutely absurd and untenable.
Why isn’t he talking about all the companies that outsourced jobs specially after pandemic! I know quite few people who used to have great jobs but now they struggle because of greediness of these corporations they lost their jobs to someone overseas! Why he does not mention the policies implemented that discriminates against talents ?
He seems to know nothing about the suffering of those who try for months and months without success! You don’t need to be a rocket scientist to know older people not going back is because companies don’t hire them! Please get real !’ You don’t need statistics or book to read it’s obvious what’s going on!!
A 50 year old man isn’t going to go from $100k a year union job to 7 dollars an hour at McDonald’s
Some do
I would never put my livelihood in the hands of a union. I was born and raised in Flint, MI and saw how they decimated that city that will never recover.
I would if I had to do so😊
At my local McDonalds ….theyve gone to Ai taking your order and then the only employees inside are all part of a family from India that owns the store.
MacD wouldn't hire such person either they would say your over qualified. Unless he lies on his resume and make it much worse. Also MacD pay 9,5 not 7 an hour
The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%-And That's Made the U.S. Less Secure.Sep 14, 2020
And lives are being destroyed because of THIS!!
And to answer how men who dont work support themselves:
I give people rides for money
I help people in the neiborhood finish concrete, but i cant work for a concrete finishing contractor because " i dont have experience"
I finish drywall and paint but i cant work for a contractor because "i dont have experience"
I am a master landscaper but i havent worked for a contractor for 15 years because the pay is non existent. They want to pay me the same as ding dong cant speak english how do i use a shovel.
I restored an old house and now its a rental property.
I fix broken furnature
I help people move
I dont get a penny in social assistance.
I save money without "working"
My mom gives me $200 for christmas.
Theres my income.
I have actually wondered if the men "who don't work" just don't work in jobs that these statisticians count. If a person can get a decently priced rental - no frills - and is willing to live a quiet, simple life, a person can get cash jobs on the side. The big issue is health. All is OK as long as a person has his health.
Offer to work for free for a week to prove you can do the job, if they will hire you. That allows them to see the quality of your work and your work ethic first. Do you show up on time. Are you pleasant to work around. Do you have a strong work ethic. Good luck.
@@Ella-Bella2024 That is a really good idea.
If you can control your outflows, you can control what you need for income.
I chose geo-arbitrage. Slow travel to cheap places, what they used to call third-world. I have friends who live in Aspen. I live in South America. Our lifestyles are pretty comparable for quality and personal enjoyment. My net worth is 1/25th of theirs. My Income is 1/40th. They still work and I do not. I think I win.
@@BOULDERGEEK hey, I’m from Co Springs. Well, lived there for 35 years. Loved CO. Moved away. Sounds like you’re doing great. Thanks for sharing!
I'm about to be 31 and I'm swearing off doing more than 29 hours of work a week for the majority of the rest of my life. Corporations, women, incentives, bidennomics, fuck all of it I don't work for you I won't pay taxes anymore until I get paid
Loser
@56: Yes my plumber lives in a house far larger than mine, has less financial stress and is not working evenings or weekends as I often am; and takes days to return my calls when my toilet is exploding. Makes me feel like the fool who spent a decade in graduate school when I could have taken shop more seriously.
I retired at 55. What do I do all day? I know one thing. I'm not working anymore. At 62 I started SS $2343.00 per month. I started early and worked my ass off so I chould get out early. My wife gets $1850.00 per month. We do just fine. Are nice home is paid for. No kids. I have my hobbies. Most companies require a drug test these days. Have fun
People are overlooking the trades to make great income and form a life for themselves. Most often the trades are performed by immigrants, ever see a caucasian roofer? Because of the tech jobs that people migrated to back in the internet boom, people felt that physical labor was beneath them. Yet everyone needs electrical, plumbing, carpentry and other types of physical work done. Bring back shame? Yes, our culture needs to be ashamed that we look down on the trades.
Can anyone honestly blame them? Why be a wage slave? What’s the incentive? Can’t afford and, home, food, car. Why bother.
And if your really lucky you get a temporary wife who divorces you and takes your children away and turns them against you
You also forgot the jobs take about 300 per pay check for health care each month for coverage and that does not include having to see the doctor, you still need a Co-pay.. Israel has free basic healthcare, even Canada does as well.. America is just a low life corrupt shit hole for wage / debt slaves to die for the corporate overlords.
We have a pay to expense ratio problem. Too expensive to live. Employers aren’t loyal to their employees anymore. No pensions. Crappy benefits. Unfulfilling careers. There’s more.
These people want the loyal employees that existed decades ago, but without making on job training, regular pay raises, regular promotions, and a pension available.
They are trying to get all the upsides without paying for downsides.
The problem with comparing our situation to 1965 work rates is the fact that the typical customer service job now is MUCH more complex and difficult compared. While there are still some jobs that are super boring, most jobs have 1 person doing the work of 3 while working with three computer screens simultaneously, while dealing with the stress of pissed off customers.
In 1965 you would probably have been working in a trade in manufacturing but your government outsourced all those jobs to China and SE Asia.
Peasants were evicted from their land through enclosure acts. Many were forced to seek work in towns and cities. Many were forced to leave the UK completely and were shipped off to America.
Prosperity was eventually shared more equally with Labour until globalism allowed capital to move production abroad.
This has left the peasant class with no work and no common land to return too
The English aristocracy gains no matter what....
It was turnips from the new world. Once they could grow turnips they could keep animals alive through winter. Then sheep in paddocks growing wool became profitable and land owners pushed their workers out. That's why we need unions and taxes on wealth. You cannot trust the billionaires so you have to keep them in check all the time.
Jobs that don't pay well are demoralizing in itself. It's very easy to see why people would not want a job that is extremely stressful, requires their lives to revolve around it but pays basically nothing while someone else (like a fat rich CEO) gets even richer from it. Those super rich have lobbied to keep minimum wage down with their money in order to get more money.
Not taking part in work in an unfair system is the only tool left in the arsenal of those who have been taken advantage of. This is a silent REVOLUTION of despair and anger.
I often joke that if it wasn't for xbox live and p*hub, the corporate execs of America would be like the corporate execs of 1789 France.
I’m not far in but I’m 43, and I’m done with the rat race. Got a rural home, almost 5 acres, orchards, garden this year and some sort of meat animals in the next 1-2 years.
I’m done paying into a system I don’t agree with so I’m doing my part to starve them out-say what you will, I understand the implications, and I have family on social security. If only they had done something similar in their time, it wouldn’t be this bad. And this is all legally done, it’s not that I don’t pay my taxes, it’s that I’ve built my life to have a low taxable footprint. And no, with no “earned income” I don’t get the $10,000 in child tax credits.
Also, paying taxes is not the social contract. Being a good neighbor and person is. Income tax is barely 100 years old. What did we do for thousands of years before that!? What was the social contract then?
College is expensive because millions were pushed to get degrees (huge increase in demand) they don’t need and are subsidized with tax payer money, so cost doesn’t matter to the person spending it-colleges know that and jack up rates. Would a person with a degree fill a job that doesn’t require a HS diploma? Few. We saw after the GFC that people “waited” for a job that was befitting their “talents” and after the recent global events? We saw people go back to work after the 150% unemployed ended.
Want more babies? End feminism (men don’t want a feminist, feminists rarely want babies 600,000-1,000,000 abortions a year can’t be wrong!) and stop pushing men and women into degrees they can use once they earn them. Push them into the trades.
Want more people working? I end welfare-more accurately, end generational welfare. Give 5 years, 72 payments, of welfare per SSN. The govt provides just enough money to suffer along at a minimum existence.
Figure out chronic pain, disability, autism rates etc. something medical is going on in this country. We have food ingredients that are OUTLAWED in Europe. Is it our food? Is it our medicine? Is it our labor tearing up our bodies? Is it a mixture?
Bottom line; y’all need to get out and talk to people and stop speculating with 70 year old data and surveys to the govt.
The FDA is a massive joke. The food system has gotten completely out of control. 20-50yo cancer rates are increasing. So much toxic trash in all of the products. Plastic everywhere "shedding" constantly, forever chemicals my tap water smells like chlorine. Like they just discover Lunchables snacks have lead and other metals in the product like how the eff is that even getting into the product?? Yet they are still on store shelves. FDA is to busy taking bribes and protecting corp profits. Thanks 🤡's . Beyond frustrating
These guys probably have massive investments in toxic food incorporated, and can't afford to bite the hand that feeds them.
I believe the reason young men don't work is that they aren't finding girlfriends for many reasons and also the pay for most jobs isn't enough for them to afford their own home. Couple those together and it leads to a empty meaningless existence.
So sad and tragic-especially if you didn’t come from wealth!
Women don't want to be girlfriends or wives because this country has weaponize fertility against us. It all goes down to greed. They are screwing all of us over.
This is the most boomer youtube video i have ever fucking watched...so delusional
Out of touch.
Boomers created all the current issues
2 months ago I retired for my only career of 15 years. It was a tough decision as I am still “young” almost 40. I sold my way over priced house that I got as an unlivable foreclosure and put a even larger amount into the war chest. I have now purchased land instead of another house, a mining claim that I can go work and camp on and only have 1 bill to pay per month, my car and insurance.
Life is a choose your own adventure story, everyone tries their best to be “successful” however most seem to be stuck chasing an illusion of what that looks like. Don’t be afraid to make calculated chances happen, keep your bills as low as possible and learn to go without things you don’t really need: streaming content, internet, cable tv, and other entertainment just keeps you with less each month. Or go live how you want to, just stop b**ching about it.
In the end the US will be dismantled like most of Europe and we will be pushed into a world system with cashless banking and driven to the cattle cars once again.
I would argue that these people not giving up on work, it's fair pay they're giving up on.
😆 Fair pay? When in human history has there been a time where the masses have received fair pay? They're nowhere as unique as they think that they are. They're always going to be on the bottom until they shut off the pron, put down the video game control, quit smoking so much weed, and just quit feeling sorry for themselves.
@@survivingthetimes Haha! So true. But, I'm talking about the ones who actually work and have aspirations. There was fair pay before the Federal Reserve got their grimy little hands on the politicians and ever since the frog has slowly been boiled. No country works more hours on average than Americans and we've gotten to the point now that some cannot even afford a basic cost of living while working two or three jobs. Then you have people who see where the tax money goes and lose motivation. I don't want my tax dollars going to diddling children or supporting crack habits or funding surveillance company's to surveil me, etc... This whole trans humanism movement is demonic. No, I'm not motivated to work just to exist. That's not why I'm here...
Go and do one of these jobs for a month, You will understand why people are not motivated to do them.
I often joked about how hard it would be to employ people if BS jobs paid 200K a year and needed to extra qualifications.
I retired at 62, to avoid a company vax mandate. Many friends and colleagues did the same.
I have had 7 vaxes they are great. a million anti vaxers died. they were superstitious weirdos.. and usually trumpists
What are you living on? Most people don't get a pension and have low savings at that age. Most older people need to keep working because inflation is killing the dollar every year.
@@marciamakoviecki3295 WRONG ! the dollar is HIGH. When I immigrated I got 2.14 dollars for a GBP. Now it is 1.20... I doubled my money bringing it to the US and I would double it again if I set it back to England at today's HIGH dollar rate... Stop listening to trumpers !
@@marciamakoviecki3295 Buy some gold and silver.
You're my hero.
782 applications only two interviews and no job offers!
Idk. Maybe some don't want to live in corporate servitude, witnessed their parents or themselves divorce raped, and participating in a gray/black market purchases freedom from what both of you consider society. What gives any of us license to judge others who want to live anyway they choose?
The mid level jobs are all going to women. My two sisters work in offices for decent pay while I sit at home and study stock charts all day. If you go around my town you'll see that almost 100% of office jobs are being held by women. The system wants female workers so that leaves many blue collar man with the choice of either competing for starvation wages against desperate "newcomers" or simply dropping out and working outside of the system. I chose the latter.
then the women talk down to the men.
Karma 😂
Hi I’m woman the point is that we are getting much education example I speak Spanish,English and Portuguese plus my degree education on finance…my husband it’s just a Plummer them compliant that I get a constable jod…it’s education.
@@Marleny-qp9co You don't write as though you're college educated. FYI, your husband, who's "just a plummer", is adding more tangible real world value to our economy then most college graduates ever will. He also has more upside earning potential than most college graduates ever will. My point was that men are now being openly discriminated against for mid level corporate positions, even those positions that don't require a bachelors degree. The good news is that AI (a.k.a., artificial intelligence) is coming to put the spoiled white collar labor fakers in their proper place. Right now we have way to many over-paid, over-educated and non-productive bureaucratic paper pushers in our society. When we get back to actually producing real goods and services that people actually want and need then you'll see our economy improve. While the paper pusher economy favors women, the productive economy favors men.
@@Marleny-qp9co token hire spotted.
It's even worse than he describes. **Not a single full time job has been created since 2018 for native-born Americans. ALL job growth over the past 6 years has gone to people not born in the US**
Also, just gotta say this is very ironic considering our conversation yesterday. It sounds like my anecdotal experience lines up with the data. Very sad state of affairs.
The full-time.
Jobs that exist are only those that are labor taxing and you can only do those for a certain amount of time. It will be too much for the body to handle
as a IT hiring mgr I get 22 Indian resumes (H1B, H4) and 2 middle eastern, 6 native born americans.
@@nobullshootThe folks pushing Ukraine are pushing Indian IT replacement of native workers. Some companies require executive permission for any exceptions.
You can hardly call white Europeans who speak the European language of English....."NATIVE" .... That's a bit of a stretch boys 😂
We feel hopeless when every time we turn around, something else gets higher in cost!
This might be a bitter pill to swallow, but I think we have entered a post-traditional work era. Men as a group aren’t getting married and aren’t going back to work at the same rates as they used to and those trends won’t be reverting anytime soon. Time to sober up and accept the current reality instead of yearning for the cultural norms of the 1950s to make a comeback.
I’m 40 years old on the autism spectrum and live and take care of my elderly parents and have given up on getting married and having children 🧒 and furthering the cycle 🔁 of human misery and suffering.
Guy I was making close to 200k couple years ago. Now I’m doing DoorDash . Do I wanna work ? Yea, I’m I looking for work ? Yea, km just not getting any interviews or even call back with thousand of application I sent , the one I got interviewed they end up with someone with phd . So please stop saying we are not looking for work , it just does not have any work that what we going went to collage for (CS)
I don’t think they mean you, you be considered looking for work. Still on the unemployment list, not dropped out list.
What, a video that is not about you? What is the world coming to?
I guess you should have saved money.
It's obvious you were overpaid. What did you produce or contribute to the bottom line? That's what companies look at these days. We're you a burden on there health care? College students are willing to work for a fraction of what you made. Did you work for a company that had lots of VPs? I always wondered what they did? To many long lunches? To many Fridays off? Of course they will can you.
@@peternorthrup6274 Brh it is like average senior level. salary in software development lol
I was told we have the lowest unemployment of all time.
That is one of the Big Lies our "leaders" are selling. There are many others.
People were reminded a few years ago that even with a federal mandate to waive some of the usual limits the UI system is a colossal waste of time. On this go-around people aren't bothering with it and the statisticians don't see us.
Our wonderful government doesnt report people not looking for work. So if youre sitting in moms basement playing video games and getting disability rather than looking for a job, you wont be counted as unemployed.
The Federal Government doesn't account for people who are working three PT jobs to account for one salary, with no benefits.
We do based on government statistics that only count those getting unemployment benefits
Ultimately what I think what it comes down to is, *they don’t give a shit about me, so why should I give a shit about them?* To completely not give a shit about them means to quit working for them entirely. Even if it means my own life. Even if it’s means losing all my money, becoming homeless, and then dying from that, still, why should I give a shit about them? They treated me like crap my whole life, scammed me, exploited me, completely wasted massive amounts of my time (large parts of my life), used me like a tool, never cared when I was hurting or suffering, bullied me in many cases, so why the fuck should give a shit about them?
This is how a lot of people feel, where they’ve been treated so badly and so exploited for so many years, they just don’t wanna work for a system like that anymore. Even if it means becoming homeless and dying, it truly is the epitome of “I’m done with this shit, I don’t care anymore.”
Also I’m including the education system in this too. A lot of kids are treated like shit from like the 3rd grade onwards. Their dreams and aspirations are often crushed from standardized testing, making them hate learning which is tragic, they’re often heavily bullied, the constant boredom they experience from sitting through those mundane useless classes just completely kills their positive outlook on life, sleep deprivation, this all massively damages their development as a person which a lot of it is trauma, and now it’s finally all coming out, as a massive FUCK YOU back to the society that put them through this.
Certainly helps overcome the fear and welcome the utter bliss of not being able to boot up everyday with this in mind
If Adam would actually want to know, he would ask those who are in this Situation. Instead he is interviewing an old man who does not know.
But he knows the statistics that some other boomer gathered after paying some Gen Xers to hire some millennials to go out and ask some Gen Zers about. 😂🤣
@@FreeSpeech4All Nice summary
shilling his BOOKS ? got $$$ :) ?
A bunch of people in an ivory tower shouting down at us commoners.
Im 40 i was explaining to my teenager, that when I was a teenager. I could take a 5 dollar bill go to 7 eleven and buy a sandwich, bag of chips, soda, and a candy bar and get some change. Now you can only get 1 of the 4 and get change, in less than 25 years.
That’s just the reality of inflation and wouldn’t be an issue if you earned the same relative amount as you could 25 years ago. But we don’t. Not even in the slightest. Here in the UK, CPI, the consumer price index stating the rate of inflation, doesn’t include asset price (housing) inflation. Wages are not even tracking CPI rises let alone keeping up with the cost of housing. CPI is also manipulated and tinkered with and doesn’t truly show the true increase in costs we’re all experiencing. Combine that with an impending climate emergency, covid corruption and insane political instability across the entire world, where does one find much hope?
I usually like Adam’s interviews, but this one was laughably out of touch. I can almost see the silver spoons peeking out of their mouths.
Why would anyone wish to support the tax machine?
and war machine
I’m a 40 year old Millennial & know multiple people my age that have completely given up on life/career/everything. They don’t work;nothing. Many haven’t for years. All aged 32-42. Living off our baby boomer parents. Quite disturbing.
I am 39 and literally do not know one person my age doing this.... I can not even imagine a scenario where my parents would be willing or able to support my old ass.... How? why?
In other countries its quite common for kids to live with their parents until they can afford to find a place to rent. What was the point of creating offspring if your going to kick them out and abandon them just like society and government? Perhaps if your country was not shit a degenerate place their would be more jobs for young men and women and they would be able to find apartments or homes to rent or buy. Look at Canada and their housing market crisis due to the immigrants. Things are not so black and white.
@sarahhaylor1036 exactly
Look at the dollar and how it depreciated. Then look at big business building factories in other countries. The people in the past made the business then they move it out of the country. How about all the steel mills shutting down the last 50 years because USA didn’t want to buy USA steel. How about no furniture, shoe, clothing factories in the USA. It sounds like big business moving jobs out of the USA is the problem. Business years ago stoped pensions and went to 401k. This all happen from 1980’s to 2000’s to working class people. Now we are unionizing Starbucks. This is where we are at. All of americas inventions that were made in the USA are now made in other countries. It’s not one’s generation is greed over people.
I also joke about how the best cars in my family were made in the USA. They rolled off tge Marysville Ohio Honda line.
Same in the UK and Europe it is a slave system.
He looks like a priest…lol
The zipper!
Confess your sins. Lemme guess, you’re a lazy millennial/Z. 😂
Yes😂😂😂
Intellectual by trade . Didn't take him long to figure out working for someone else ant where you want to invest your talents .
Priest of Satan.
My dad made $13.5k in 1969 as a federal employee with only an associates degree as formal education. I'll never do as well as he did in some ways even with an engineering education.
I didn't do as well in my career as my Father did. I made more than my mother. But I also worked harder and was subject to more abuse (IT systems engineering and operations management).
If you are an engineer you should start at maybe 80k a year. Why aren't you thriving? You think a degree gives you a Ticket to riches? You still have to work to be a GOOD engineer.
@@MrSteeDoo I'm GenX, so the jobs were not there under Obummer. And engineers in some parts of the country are not starting at $80k. You must be a boomer and not too bright on economics. Sure, there are high paying jobs out there with an engineering education, but they are not the norm. CS majors will be taking a pay cut this year with all the layoffs over the last few months. Don't forget corporate America always looking to abuse the H1 system to lower wages.
Why does anybody work? To put food on the table? Not really. That's just "sustenence" level of work, which can be achieved with a very meager part time income or state sponsored welfare benefits. A true American job is one of extreme excess. In a capitalistic society, the incentive to get people to work well beyond their sustenence requirements, is the prospect of accumulating capital assets to make life extreme in abundance. Our system allowed the entire population of workers to produce well in excess of their daily, monthly and yearly basal needs and provided the means to store the excess capital in technological innovation and productive investment. Now, however, there is no incentive to generate excess income, as there are no reasonably priced capital assets to buy or invest in to make a decent expected return, and that excess labor is taxed under both income tax AND inflation tax. So, why would a young person take an excess capital producing job when the value of their time and labor is just going to be wasted? People are recognizing the high value of their life and time and leisure and also recognizing that any excess production is simply taxed or wasted on overpriced, low-yielding capital assets. I am a young physician and have cut my hours in HALF! I can easily eat and cover monthly bills, but why work extra just to pay into the US government's redistributive taxation scheme or bust my butt trying to buy a "$1.5M" house that just 4 years ago was half that price? Nope, I'm out spending free time with friends and family, exercising, learning...basically working for myself and my family outside of the labor market. Life is too short to spend it bailing out the US government and buying boomers' overpriced crap.
@user-jl8yy5ir7s Hey, thanks. I appreciate the compliment and shared sentiment.
they throw away so much food because its too expensive...
Amen amen! Two things I am doing to protest the housing market overvaluation:
1. I refuse to stay in an Airbnb or similar that is not owner occupied (totally cool with people hosting travelers in the house they live in. Houses are for living in!)
2. I refuse to rent a home from a large institutional property investor. I know some people don’t have the option, but we can try.
If everyone did this, I think it would make a difference.
In addition, I’ve started shopping at several grocery stores and only buying the cheapest items at each. Shopping sales to protest the price hikes.
I also have stopped buying any extra goods from large brands. Clothes and shoes come from thrift stores or small business.
@@rachellenelson126 Interestingly, in Seattle there is a "upscale" grocery chain called PCC Markets. They sell the typical over-priced, over-hyped, natural, locally sourced, alternative dietary needs food and cater to wealthy Seattite yupis. Just the other day, their CEO released a statement basically begging their customers to come back and spend more money at their store. Specifically, he called out shoppers that buy cheaper goods elsewhere and only go to PCC Market for specialty items. The CEO requests that their customer base make it their one-stop shopping center for groceries. Ha! Then he had the nerve to say something like, "we need to remain profitable if we are to continue serving our community mission". As if their nebulous, virtue signaling mission (which is bankrupting them) is more important than their customers ditching the store because prices are no longer worth the crap they're trying to sell. Here is link to this unbelievable act of CEO begging...(progressivegrocer.com/pcc-community-markets-ceo-urges-members-spend-more)
And I also love that many Airbnb owners are realizing that owning a property for vacation rental isn't an easy source of effortless riches. Basically they have bought themselves a job. And that job is being an innkeeper or hotel management. Not glamorous, easy or a guaranteed get-rich-quick scheme. It's just another job attached to a low yielding (also concentrated and poorly diversified) capital asset that comes with repair, maintenance, legal liability and tax obligations. I am fully convinced that if the US government had a nationwide car loan-backed security purchasing program at the Fed or started issuing goverment sponsored agency loans for automobile purchases (like how we have for houses), people would run out in droves to buy up all the remaining vehicles (driving prices up to INSANE levels) just to become Uber drivers and taxi management companies. We are living in a parallel universe now, where stupid was smart for so long that the two are indistiguishable.
The money is broken thus the incentive to work is broken. If there is no social mobility there is no motivation
When old people don't retire and remove themselves from the workforce it locks out the next guy who should have that well paying job to raise a family on. Do we not understand basic logic and math? Wtf
So what do you propose? Should people simply be pushed out of their jobs once they hit a certain age and replaced with younger workers whether they want to retire or not? I understand that there are certain occupations such as airline pilot that have this requirement, but the average office worker doesn't have the same physical and reactionary requirements as an airline pilot. No one "owes" you a job just because you are a younger worker. If you are talented and driven you will get work without having to depend on an 'older' worker being forced out of their job.
@@KayFabe87nobody "owes" anyone anythibg. That's the problem with unwritten social contracts.
Incels filled the social contract that said women would like them if they were nice guys. It never happenned, and then the NPC said "incels feel entitled to women's bodies."
its not as simple as that. sometimes the next job pays a fourth or fifth of what it originally was paid or may be gone completely leaving staff with skeleton crews. Meanwhile they will advertise that they are hiring to look like they are growing.
the root cause of this; is thinking along the lines of.... "they can figure out themselves" ; but the ones who had everything from the get go are not aware how hard it is " to figure it out ourselves".
People are always asking "why aren't people working???"
My brother in Christ, why WOULD people be working??
Not one comment about the gig society and people working multiple jobs skewing unemployment data majorly. Adam you're better than this. Get Neely on the show please.
At 55 years of age i decided to put together my 10 year retirement plan. Originally i was going to hustle and work 40-60 hours per week to retire at 60 years of age. Life is too short folks so the plan now is to work until i'm 65 years of age but work only 3 days a week (Wednesday, Thursday & Friday). I'am on year 3 of this plan and loving it. I don't let work consume my life anymore. I'm enjoying my extra free time while i still have my health. The covid effect!
Marconion, what kind of work do you do? I really like your plan.. I'll be 45 this year and want to figure out some kind of slow scale back plan like you're doing. Maybe even find a different job or line of work. I've been working in supply distribution sales for 21 yrs
@@millersfloorcoatings it really doesn't matter what kind of work you do anyone can do this if they first of all set themselves up for success. What i mean by that is to be be debt free which i am. The last 2 years i've done this on about 22K per year. To be fair i have worked for now 37 years (never been unemployed) and have always made less than 40K per year. The last 3 years i have worked in the food service industry and in the past worked in retail for 15 years, 12 years in hotel hospitality and 7 years in senior care. I always live at or below my means. If i can do it anyone can!
@@marconion awesome! I've actually been working since I was 14 yrs old, granted some of those jobs were part time while I went to school, summer jobs, etc.. So 30 years in the workforce. Also completely debt free. I guess the fear for me right now is quitting the full time job I've been doing for about 22 years. For many reasons, I want to leave and live life and time more on my own terms, enjoy my interests and hobbies. I guess I just need to figure out my expenses and what I really need to live on. I live pretty basic.
@@millersfloorcoatings so i see we have been on similiar paths. Being debt free is the key to all this. Lifes to short.... do it while you can and still have your health.
@@marconion agreed, working towards debt free is a main component. Thank you for your encouragement sir, and keep on living well!
People want a living wage with health and retirement benefits. Otherwise the way the system is set up you’re better off going onto disability and government programs like section 8 and food stamps. There is no longer any honor given to hard work and most jobs are services where employees are daily degraded, screamed at, cursed at and at times physically attacked by customers. I work at a spa and it happens daily there. Workers are frequently crying in the break room, having heart episodes and nervous breakdown because of the stress of dealing with the public these days. And this is in a spa. People don’t want to be around other Americans because Americans are rude, disrespectful and at times violent. I’m 49 and I am working for 2-3 more years ft saving money and buying an acre of land with a camper on it and starting a self sustainable off grid farm and withdrawing from the workforce because people are out of control. If it wasn’t for people and their out of control behavior I would work until 65.
It’s amazing how many people really believe that the younger generations today are lazy and lack the incredible work ethic of the hippie generation in the 1960’s.
1. The myth of the jobs Americans wont do.
Some jobs in the US are cyclical, like trucking and construction. In 2021-2022 we needed a lot of these people, but you can’t just walk in with no training even though these jobs don’t require degrees. Trucking started collapsing 18 months ago, and I’m in construction where we are finally over the boom and struggling to keep our workers busy.
Other jobs, like retail clerks, are part-time minimum wage jobs that come nowhere close to paying the skyrocketing costs of rent today, especially in the big cities where these jobs are available. In addition, these jobs have always been high turnover, and have always put out hiring signs because they know that even if they have no openings, employees tend to move on. These aren’t living wage careers.
2. Manufacturing jobs are gone. The reason why working age black males in the 1960’s had higher employment rates than working age white males today is because they could get living wage jobs in manufacturing. Their lives were difficult, but they could afford to rent a place and feed a family in it.
3. Many of our unemployed aren’t even counted in the population, let alone the labor force. We have unprecedented illegal immigration with no way for these people to work and no plan for them whatsoever, all in the midst of a homelessness crisis.
4. Young people today often work much harder for much less. The problem isn’t that younger people have lost the great moral values of their hippie elders, it is that the opportunities for working age jobs just aren’t there for most. Look at the articles gone viral on the 35-year-old millennial family man who died at his desk after working 100 hour weeks for 3 weeks in a row! Do you think he was raking in the dough for a fabulous future? I doubt it, he was stressed out and terrified of losing his income and getting thrown out on the street along with his wife and kids. That can happen very quickly when basic rent is 40% of your income, and unemployment can’t come close to covering it!
Incentives really matter when it comes to behaviors. It's happening all over the world. Governments have catered to a single Boomer generation for long enough that policy is stacked against the next 2 generations. The logical reaction for today's workers and youth is to check out of the rat race and enjoy life on one's own terms, even if that mean accepting a "lower" quality of consumer lifestyle. I used quotes because having free time and not being tied to a shitty job for shitty pay is very valuble for some people and is not a "lower" quality of life. This is why you see youth in China adopting a "tang ping" attitude (lay flat), or the red pill version of the attitude "bai lan" (let it rot). Why toil your life away if there is little to no benefit? Any generations of the past would have come to the same conclusions. People aren't different across time, we just grow up under different conditions so our actions and behaviors are correspondingly adapted.
excellent comment
Spot on the whole of the west is being treated the same way that the Tzars of Russia treated the peasants.
Been seeing this at work. Due to financial strains of our company
salaries were cut by 10% two months ago. Signs of quiet quitting,
absences, riding the clock, employee conflicts, and substance abuse issue
are on the rise at work.
I don’t understand this whole quiet quitting thing. If you think there’s something better out there, then quit already! There are people who will gladly take your “crappy” job off of your hands
@@jharknessxrp People will take your job but only if it pays more than 18 dollars an hour.
@@jharknessxrpquiet quitting is a propaganda term. It would be more accurately described as working your wage.
@@jharknessxrp The point of quite quitting is to get paid for "working" without working or working a double job while on shift for your first job and moon lighting while at your shift for your first job... Really smart people perform quite quitting they are very intelligent.
Ol Nick is trying one of the old slight of hands - "you can't get paid more unless you produce more, you're not productive enough." Necessary but not sufficient, not even necessary. Productivity doubled from 1980 to now, wages of the bottom 70 percent went up 17 percent. The income of the top 1 percent went up 4 X. The key, learned from the wealthy, is that the social power that enables them to steal from others is what counts - who divides the pie - that's what's important, the wealthy gather all the productive assets to themselves, impoverishing and forcing others into their service and submission. Yea, somebody later, the enclosure movement, the slums and welfare of ancient Rome - nothing new here.
FJB!
@@jkmarshall3553
F Trump too!!
Same turd; just different (red/blue) polish.
Check out Blair Fix - power theory of wages
Literally takes 3+ interviews anywhere.
With 75+ applications until you finally punch through..
White collar work is drying up and everyone is being gaslit about the true state of affairs.
75 is very low, you must be in a good field that's in demand. Took me nearly 2 years to find full time work. Number of applications was probably 4 digits
This country is circling the drain. I see it every day. Most of the people I've worked with over the last 17 years are stressed and irritable to the max. The young white men that used to be everywhere that I worked seem fewer and fewer every year, and it's mostly older white guys now. And the young white women..they are all gone now. I've seen maybe less than a dozen in the last five years.
This change is so drastic in such a short period of time, it's blowing my mind. The best word I can use to describe the feeling I'm getting is OMINOUS!!
That's because the workforce no longer wants young white men like myself. They want women and minorities. They also want women and minorities to take over traditionally male jobs. The current trend is to get a million women into the construction industry and take away men's jobs. Meanwhile, women complain that they can't find a guy that makes the same or more than them. It's a Scooby Doo mystery out here "rolls eyes"
You know whats insane? I am an eastern European on the EU side of Europe, Im 39 and I cannot find a decent guy even though I used to look like a model when I was younger. One idiot after another. Greedy, selfish, dumb, cheaters, egotistical thats how many men are these days. When I walk around streets in my city I see mostly women everywhere and very few guys. Its scary. As if they all left to other countries. But what is even scarier on a dating app I see mostly non European looking males (when I browse European countries). I am a blondie typical light European I cannot find someone who would attract me. Someone who would look like me, someone from my tribe. And I have nothing against other races or other nationalities whatsoever but there is something hurtful when you are trying to find someone from your own tribe and its impossible. Something is so wrong. You feel it deep in your heart.
As long as others can pick up the slack the company can run.
A lot of young white people have died due to drugs or are homeless or at home. The world is upside down.
Adam and your guest. "We can have democracy or the Great concentration of wealth in the hands of the few, but we can't have both." Louis D. Brandeis, Supreme Court Justice. The U.S. is an oligarchy, and the ruling elite will never relinquish their obscene wealth and political power without a tremendous national battle between labor and capital.
And companies have done away with pensions....
Dumbest thing companies did out of greed
Work harder. Several Boomers are depending on your paycheck to finance their next vacation and value growth in their investments.
I wish that wasn't the truth. Some boomers are just scraping by so, it doesn't apply to all, but it's no secret that the boomers control the majority or home and equity wealth. I live in a tiny rural town and I saw my first Ferrari (in my town). I thought it was a crypto bro, but no it was a silver haired boomer.