CAC Man Breaks Down Why Young People Can't Find Jobs

[Just like bruddas]

I agree with him on the work ethic and mishandling money, but the rest of that shyt

 

[Wild self]

1. Companies have adapted to being productive with less man power so they can afford to hold out for the perfect candidate for an infinite amount of time
2. Technology has evolved and killed off jobs. This isn't a new phenomenon though. This hurts older workers that get laid off. Younger workers need to learn to adapt.

Then you have underemployment, the blood sucking temp agency sector and high cost of living.

At this rate, the concept of a job will be gone in 20 years.

 

[Ethnic Vagina Finder]

At this rate, the concept of a job will be gone in 20 years.

Nah. Technology actually creates jobs. The downside is that it must first phase out old ones. Destroy and Rebuild. There are job sectors and new positions that haven't been created yet but will exist in the future because of technology.

 

[Wild self]

Nah. Technology actually creates jobs. The downside is that it must first phase out old ones. Destroy and Rebuild. There are job sectors and new positions that haven't been created yet but will exist in the future because of technology.

Hope these new jobs come sooner than later

 

[Dafunkdoc_Unlimited]

I have a career that is GUARANTEED to generate income regardless of the economy.

 

[Domingo Halliburton]

I just graduated with a degree in economics. You know what one of the MOST important things I've learned from that? Guys like this who talk about the economy, have either no knowledge of economics, read what they 'know' on a conservative blog from someone who also has no knowledge of economics, or read the first chapter of one book and now declare themselves the conservative answer to Ben Bernanke.
It'd be ridiculous to call myself an expert in economics, but I do read a lot from the experts so I defer to them. They'd say this guy is full of shyt and doesn't know what he's talking about, so I will too.

I took a bunch of econ classes too. Lets see some answers since this guy is so wrong.

you work in the industry?


no one in the financial world gives a shyt about the economists.

 

[Domingo Halliburton]

I have a career that is GUARANTEED to generate income regardless of the economy.

you're right, make it a double next time. I'll tip an extra buck

 

[Suicide King]

jobs are available just shytty jobs, if you don't have any skills or talents those are the only jobs available to you anyway, get on ya grind

College degrees are the new high school diploma.

 

[Jhoon]

College degrees are the new high school diploma.

is being educated a bad thing? you squeezed more than enough out of this model, either create something else or go back to the way things were

 

[You Win Perfect]

Hope these new jobs come sooner than later

they're not. dude really thinks corporations give a fcuk about creating jobs over here.

 

[Handsback]

I took a bunch of econ classes too. Lets see some answers since this guy is so wrong.

you work in the industry?


no one in the financial world gives a shyt about the economists.

Can't say I'm not surprised about that.

No I don't. Again my experience is limited so I defer to the experts but I'll take a shot.

I only made it about halfway through his deal. Cut it off at the liberal socialist college professor part. Yes, experts with knowledge and experience are liberal commies and we shouldn't listen to them. You SHOULD listen to the guy on youtube.

The regulation piece sticks out as trash. We just had a global financial crisis (led by those guys in the industry who don't like listening to economists) because of a lack of regulation. I'm only halfway through Nobel Prize winners Akerlof and Shiller's book Animal Spirits but they address this in it. The appearance of corruption or unfairness in the economy is bad for its health. We've had our fair share of that over the past 5 years. The last two or three recessions have elements of corruption involved.

He never presents evidence for his opinions and then claims that they are facts.

Completely ignores or glosses over the role and difference of monetary and fiscal policy during a recession. These libertarian types usually COMPLETELY ignore how money flows. No addressing the multiplier, no considering how banks actually work. Brushes off Keynes and says 'just trust me.' Yeah ok.

That's what I remember from half of his video that I watched last night. I'm not sure if there was anything specific you wanted.

 

[KingpinOG]

Can't say I'm not surprised about that.

No I don't. Again my experience is limited so I defer to the experts but I'll take a shot.

I only made it about halfway through his deal. Cut it off at the liberal socialist college professor part. Yes, experts with knowledge and experience are liberal commies and we shouldn't listen to them. You SHOULD listen to the guy on youtube.

The regulation piece sticks out as trash. We just had a global financial crisis (led by those guys in the industry who don't like listening to economists) because of a lack of regulation. I'm only halfway through Nobel Prize winners Akerlof and Shiller's book Animal Spirits but they address this in it. The appearance of corruption or unfairness in the economy is bad for its health. We've had our fair share of that over the past 5 years. The last two or three recessions have elements of corruption involved.

He never presents evidence for his opinions and then claims that they are facts.

Completely ignores or glosses over the role and difference of monetary and fiscal policy during a recession. These libertarian types usually COMPLETELY ignore how money flows. No addressing the multiplier, no considering how banks actually work. Brushes off Keynes and says 'just trust me.' Yeah ok.

That's what I remember from half of his video that I watched last night. I'm not sure if there was anything specific you wanted.

What are you talking about? Obviously this guy is not a professional economist, but the gist of what he is saying is mainstream conservative economic thought. Plenty of experts and economists would agree with what he is saying. You just don't like him because you disagree with him.

If you think that all economists think the same way on economic issues then you didn't get much of an education.

 

[FreshFromATL]

Nah. Technology actually creates jobs. The downside is that it must first phase out old ones. Destroy and Rebuild. There are job sectors and new positions that haven't been created yet but will exist in the future because of technology.

This. I don't get why these cats keep saying technology will somehow make everyone obsolete. We're moving towards a different world that requires a different skill. Many (better-paying) jobs will be created. Technology has to be maintained and technology doesn't create itself.

 

[FreshFromATL]

Hope these new jobs come sooner than later

A few of them are already here. Do you have any tech skills? If not, I suggest you start learning.

 

[JT-Money]

This. I don't get why these cats keep saying technology will somehow make everyone obsolete. We're moving towards a different world that requires a different skill. Many (better-paying) jobs will be created. Technology has to be maintained and technology doesn't create itself.

I think this because companies are always looking for ways to reduce headcount with any new technology not create better paying jobs. The only reason these higher paying jobs exist is because companies underestimated the complexity of this new technology. So now their forced to hire some expert out of a limited pool of applicants at a premium.