Gen Y most likely to hold low-paying jobs in retai

[Hugo Drax]

The most common jobs held by Gen Y are merchandise displayer and sales representative, which they are about five times more likely to hold vs. all workers, shows a PayScale analysis of about 500,000 profiles submitted to the company in the past year by Millennials ages 19-30.

http://www.usatoday.com/money/workplace/story/2012-08-21/gen-y-jobs-millenials/57194622/1


Looks like the future seems bleak for the next generation of Americans.

With Hyperinflationary college costs, rising cost of living and wage deflation you get a bad combination that would be difficult to correct.

 

[diesbudt]

Its ok. We are almost at the end of the Generation Alphabet. It was time for things to get crazy anyways.

 

[Hugo Drax]

Its ok. We are almost at the end of the Generation Alphabet. It was time for things to get crazy anyways.

Generation Z? Zombies after the great economic apocalypse of 2020?

 

[Retro Rob]

The most common jobs held by Gen Y are merchandise displayer and sales representative, which they are about five times more likely to hold vs. all workers, shows a PayScale analysis of about 500,000 profiles submitted to the company in the past year by Millennials ages 19-30.

http://www.usatoday.com/money/workplace/story/2012-08-21/gen-y-jobs-millenials/57194622/1


Looks like the future seems bleak for the next generation of Americans.

With Hyperinflationary college costs, rising cost of living and wage deflation you get a bad combination that would be difficult to correct.

Get a skilled trade.

The liars with the "1 Millions dollars more in a lifetime" with a degree have cleaned up and left people buried in debt, with a saturated Bachelor's Degree market... and they keep championing college degrees as a sure way out of poverty.

 

[diesbudt]

Generation Z? Zombies after the great economic apocalypse of 2020?

Zombies, Aliens, Mummies, Werewolves, Vampires (The non sparkly kind), Romans, Daleks, Republicans, Democrats.

You name it, they will all attack us on sight during Z-day.

 

[Pr0d1gy]

Its ok. We are almost at the end of the Generation Alphabet. It was time for things to get crazy anyways.

It's really not ok. When you have a bunch of people making $7 an hour selling multi-thousand dollar TV's, stereos, and such it is just another example of how warped our "economy" has become. They cut costs in production, in retail, demand goes down, yet prices continue to climb. Demand will disappear if we stay the course. These retail sales people used to be able to make 6 figures if they were really good, I know from experience.

 

[diesbudt]

It's really not ok. When you have a bunch of people making $7 an hour selling multi-thousand dollar TV's, stereos, and such it is just another example of how warped our "economy" has become. They cut costs in production, in retail, demand goes down, yet prices continue to climb. Demand will disappear if we stay the course. These retail sales people used to be able to make 6 figures if they were really good, I know from experience.

Its a joke. See the Tounge sticking out face?

Of course it isn't ok. But then again our economy is in a very negative spiral in the past decade or so, and if that isn't fixed first. And look at the worlds economy too? This issue will just be icing on the cake.

 

[CPA]

It's really not ok. When you have a bunch of people making $7 an hour selling multi-thousand dollar TV's, stereos, and such it is just another example of how warped our "economy" has become. They cut costs in production, in retail, demand goes down, yet prices continue to climb. Demand will disappear if we stay the course. These retail sales people used to be able to make 6 figures if they were really good, I know from experience.

I will agree it sucks that most retail companies have eschewed the commission-based model.

 

[nehalem256]

I guess I really am the 1% of my generation :biggrin:

 

[Pr0d1gy]

I will agree it sucks that most retail companies have eschewed the commission-based model.

It was the ultimate form of free market competition. If you were good, you had a real career and could make a name for yourself in the community.

 

[Hugo Drax]

It's really not ok. When you have a bunch of people making $7 an hour selling multi-thousand dollar TV's, stereos, and such it is just another example of how warped our "economy" has become. They cut costs in production, in retail, demand goes down, yet prices continue to climb. Demand will disappear if we stay the course. These retail sales people used to be able to make 6 figures if they were really good, I know from experience.

At some point Deflation will have to strike, if you have an extended period of Wage deflation, with demand artificially created by credit to make up the deficit in what is supposed to be the natural state of Wage inflation something has to give.

It will be an interesting sight to behold. There will have to be some sort of deflationary correction OR wages will have to shoot up to be at historical parity with the cost of living.

 

[Nemesis 1]

The most common jobs held by Gen Y are merchandise displayer and sales representative, which they are about five times more likely to hold vs. all workers, shows a PayScale analysis of about 500,000 profiles submitted to the company in the past year by Millennials ages 19-30.

http://www.usatoday.com/money/workplace/story/2012-08-21/gen-y-jobs-millenials/57194622/1


Looks like the future seems bleak for the next generation of Americans.

With Hyperinflationary college costs, rising cost of living and wage deflation you get a bad combination that would be difficult to correct.

so what we have a generation of college grade store clerks big deal . What they were taught was useless anyway. Everyone wants to be a doctor and thats bad . Look how many people are killed in hospitals every year because the trained staff sucked. As long as Americans support professional sports with men making millions while playing a game nothing will be as it should be. When americans stop buying tickets to those games that will be a sign that the good ship freedom has righted herself.

 

[wirednuts]

Get a skilled trade.

The liars with the "1 Millions dollars more in a lifetime" with a degree have cleaned up and left people buried in debt, with a saturated Bachelor's Degree market... and they keep championing college degrees as a sure way out of poverty.

i hear ya... i went the skilled trade route. it works... but it can also be hell if your working for a shitty company or union

i really dont think there is a sure fire way of being successful anymore. you just have to have that top end drive and will... and with everything so messed up these days its hard to have a positive attitude towards careers. the middle class is almost gone, so youre either fighting to make an extra 50 cents on your hourly check or you had the connections to get a real paying job. its pretty sad right now

 

[Infohawk]

The liars with the "1 Millions dollars more in a lifetime" with a degree have cleaned up and left people buried in debt, with a saturated Bachelor's Degree market... and they keep championing college degrees as a sure way out of poverty.

They weren't all necessarily liars. (Although if they keep claiming it and many are, then they are liars.) Those stats were probably true for previous generations. That's why it's important to think critically though. Past performance is never a guarantee of future success.

 

[dmcowen674]

Looks like the future seems bleak for the next generation of Americans.

With Hyperinflationary college costs, rising cost of living and wage deflation you get a bad combination that would be difficult to correct.

Why would you want to "correct" what was done by design?

 

[Infohawk]

i really dont think there is a sure fire way of being successful anymore. you just have to have that top end drive and will... and with everything so messed up these days its hard to have a positive attitude towards careers. the middle class is almost gone, so youre either fighting to make an extra 50 cents on your hourly check or you had the connections to get a real paying job. its pretty sad right now

It makes sense too. People act like if one does X or Y they can "make it." But most profitable or cushy sectors can be made less profitable or cushy from the hordes of underemployed or unemployed people out there.

 

[Texashiker]

Maybe generation z (for zombies) and the 2012 end of the world predictions have something in common?

 

[Pr0d1gy]

Maybe generation z (for zombies) and the 2012 end of the world predictions have something in common?

Damn, I was sure the next conspiracy theory to pop up would be the fema camps police state. I would have lost that bet to the zombie apocolypse. Oh well.

 

[Retro Rob]

They weren't all necessarily liars. (Although if they keep claiming it and many are, then they are liars.) Those stats were probably true for previous generations. That's why it's important to think critically though. Past performance is never a guarantee of future success.

True.

They made a killing feeding off people's love of money. It's really easy to reel people in with "promised success". I've watched enough American Greed to know that.

 

[Texashiker]

Gen Y most likely to hold low-paying jobs in retai

As our factories move overseas there will be three job choices:

1 - go to college, get massive debt and hope you land a good job.

2 - go into retail.

3 - start your own business. If you had a rich uncle leave you a couple hundred thousand, maybe you can buy a franchise.

There is a 4th option, learn a skill and got to work in a refinery, welding shop, land drilling rig or off shore drilling rig.

People are lazy, so they are usually going to take the path of least resistance, which is retail.

 

[wirednuts]

As our factories move overseas there will be three job choices:

1 - go to college, get massive debt and hope you land a good job.

2 - go into retail.

3 - start your own business. If you had a rich uncle leave you a couple hundred thousand, maybe you can buy a franchise.

There is a 4th option, learn a skill and got to work in a refinery, welding shop, land drilling rig or off shore drilling rig.

People are lazy, so they are usually going to take the path of least resistance, which is retail.

heh... i think youre pretty close to right.

whats really sad though is people ARE lazy, they dont want to work yet skilled labor jobs still dont pay what they should, or the benefits are so lame it just isnt worth it. manual labor in this country went from premium pay to just a joke. i can make just as much money working at a bar every night for cash... and thats extremely sad.

however its not like american manufacturing is gone. there is a nova program that explains it. its something like over 30% of our factory jobs have gone away since the 70s- however america still is the world leader in manufacturing based on value of output. we make the most valuable stuff in the world, because we do it with 1/3 less people and have 3x higher output per worker compared to china.

so basically, technology has driven the american worker to produce 3x what they used to just a couple decades ago.. but of course the pay has nearly stayed the same. all of the profit went to the corporations. all of it. every last fucking dime. its just pathetic.

 

[Retro Rob]

There is a 4th option, learn a skill and got to work in a refinery, welding shop, land drilling rig or off shore drilling rig.

No thanks, I'd rather preserve my back than destroy it....

People are lazy, so they are usually going to take the path of least resistance, which is retail.

...or white-collar, chair ranger work.

 

[WhipperSnapper]

It's really not ok. When you have a bunch of people making $7 an hour selling multi-thousand dollar TV's, stereos, and such it is just another example of how warped our "economy" has become. They cut costs in production, in retail, demand goes down, yet prices continue to climb. Demand will disappear if we stay the course. These retail sales people used to be able to make 6 figures if they were really good, I know from experience.

I wonder how the younger generations, often underemployed and burdened with student loans, are supposed to be able to afford to purchase houses. That makes me wonder whether the housing market will eventually crash. Maybe houses will return to being something that's passed on from generation to generation.

 

[Texashiker]

manual labor in this country went from premium pay to just a joke. i can make just as much money working at a bar every night for cash... and thats extremely sad.

I worked in the welding field for 15 years. There is a physical toll it takes on your health, lungs, vision, fingers, even people being killed.

A machinist I worked with had one of his fingers ripped off by a lathe.

I saw a guy get killed with a 7 ton piece of metal fell on him. We used an overhead crane in the shop to pick the piece up and drag the guy out. He was screaming the whole time. Ambulance picked him up within minutes of being called; he died at the hospital about 45 minutes after the accident.

Wages for physical labor / skilled workers have not kept up with the times. Welding shops in my area have a hard time keeping people.

1 - the people do not want to do physical labor. I honestly think todays generation is a lot lazier then people born before the 1980s.

2 - wages have not kept up with the times. In relation to minimum wage, welding and metal working paid more in the 1970s then what it does today.

 

[nehalem256]

I wonder how the younger generations, often underemployed and burdened with student loans, are supposed to be able to afford to purchase houses. That makes me wonder whether the housing market will eventually crash. Maybe houses will return to being something that's passed on from generation to generation.

Not only that but with today's job instability you would have to be pretty crazy to buy a house.