It's where and why the Arab Spring sprung; better get a World War going and draft the out-of-work and in-debt kids, 'eh?
The death of the American dream:
"Recession hits young people hard'; ‘Lost generation’ gets by on odd jobs" September 23, 2011|By Hope Yen, Associated Press
WASHINGTON - Young adults are the recession’s lost generation.
In record numbers, they struggle to find work, shunning long-distance moves to live with their parents, delaying marriage and raising children out of wedlock, if they are parents at all. The unemployment rate for them is the highest since World War II, and they risk living in poverty more than others - nearly 1 in 5.
Welcome to the war and Wall Street economy, kids.
New 2010 Census data released yesterday show the wrenching impact of a recession that officially ended in mid-2009.
For the elite, not for the rest of us.
There are missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged period of joblessness.
“We have a monster jobs problem, and young people are the biggest losers,’’ said Andrew Sum, an economist at Northeastern University. He noted that for recent college graduates getting by on waitressing, bartending, and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market does improve.
“Their really high levels of underemployment and unemployment will haunt young people for at least another decade,’’ Sum said.
Richard Freeman, an economist at Harvard University, said young people “will be scarred and they will be called the ‘lost generation’ - in that their careers would not be the same way if we had avoided this economic disaster.’’
The latest figures also show a rebound in the foreign-born population to 40 million, or 12.9 percent, the highest share since 1920. The 1.4 million increase from 2009 was the biggest since the mid-decade housing boom and could fuel debate in this election season about immigration strategy.
Why are they DRAGGING THAT ISSUE into THIS?
It's DIVIDE AT EVERY TURN for the STATUS QUO PAPER!
Most immigrants continue to be low-skilled workers from Latin America, with growing numbers from Asia also arriving. An estimated 11.2 million people are in the United States illegally.
People 65 and older tended to return to or stay in their jobs, accounting for the few employment gains in recent months. About 1 in 6 older people is now in the labor force. That is the highest level since the 1960s, before more generous Social Security and Medicare benefits made retirement more attractive....
People can't afford to retire -- unless they work for Wall Street or manage corporations. Good bonuses I heard. And I certainly don't appreciate the divisive wedge being injected between young and old, either.
The employment-to-population ratio for all age groups from 2007-2010 dropped faster than for any similar period since the government began tracking the data in 1948.
It's NOT JUST YOU KIDS, it is the WHOLE NATION!!
Yeah, SAVE THAT for LAST, you agenda-pushing piece of slop.
--more--"
