Young people not doing nothing.
Started by greensdale
over 12 years ago
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Member since: Sep 2012
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The Idled Young Americans By DAVID LEONHARDT Published: May 3, 2013 http://www.nytimes.com/2013/05/05/sunday-review/the-idled-young-americans.html?_r=0 THE idle young European, stranded without work by the Continent’s dysfunction, is one of the global economy’s stock characters. Yet it might be time to add another, even more common protagonist: the idle young American. For all of Europe’s troubles... [more]
The Idled Young Americans By DAVID LEONHARDT Published: May 3, 2013 http://www.nytimes.com/2013/05/05/sunday-review/the-idled-young-americans.html?_r=0 THE idle young European, stranded without work by the Continent’s dysfunction, is one of the global economy’s stock characters. Yet it might be time to add another, even more common protagonist: the idle young American. For all of Europe’s troubles — a left-right combination of sclerotic labor markets and austerity — the United States has quietly surpassed much of Europe in the percentage of young adults without jobs. It’s not just Europe, either. Over the last 12 years, the United States has gone from having the highest share of employed 25- to 34-year-olds among large, wealthy economies to having among the lowest. The grim shift — “a historic turnaround,” says Robert A. Moffitt, a Johns Hopkins University economist — stems from two underappreciated aspects of our long economic slump. First, it has exacted the harshest toll on the young — even harsher than on people in their 50s and 60s, who have also suffered. And while the American economy has come back more robustly than some of its global rivals in terms of overall production, the recovery has been strangely light on new jobs, even after Friday’s better-than-expected unemployment report. American companies are doing more with less. “This still is a very big puzzle,” said Lawrence F. Katz, a Harvard professor who was chief economist at the Labor Department during the Clinton administration. He called the severe downturn in jobs “the million-dollar question” for the economy. Employers are particularly reluctant to add new workers — and have been for much of the last 12 years. Layoffs have been subdued, with the exception of the worst months of the financial crisis, but so has the creation of jobs, and no one depends on new jobs as much as younger workers do. For them, the Great Recession grinds on. For many people with jobs and nest eggs, the economy is finally moving in the right direction, albeit a long way from booming. Average wages are no longer trailing inflation. Stocks have soared since their 2009 nadir, and home prices are increasing again. But little of that helps younger adults trying to get a foothold in the economy. Many of them are on the outside of the recovery looking in. The net worth of households headed by people 44 and younger has dropped more over the past decade than the net worth of middle-aged and elderly households, according to the Federal Reserve. According to the Labor Department, workers 25 to 34 years old are the only age group with lower average wages in early 2013 than in 2000. The problems start with a lack of jobs. In 2011, the most recent year for which international comparisons exist, 26.2 percent of Americans between ages 25 and 34 were not working. That includes those for whom unemployment is a choice (those in graduate school, for example, or taking care of children) and those for whom it is not (the officially unemployed or those who are out of work and no longer looking). The share was 20.2 percent in Canada, 20.5 percent in Germany, 21 percent in Japan, 21.6 percent in Britain and 22 percent in France. The European economy has deteriorated over the last two years, and the American economy has strengthened modestly. But the job growth here has been fast enough merely to keep pace with population growth, which suggests that this country still lags in the employment of young adults. In 2000, by contrast, the United States led Germany, Britain, France, Canada and Japan — as well as Australia, Russia and Sweden — in such employment rates. The nation now trails them all. Older American workers have also lost relative ground, but not as much. As Mr. Katz, Mr. Moffitt and others note, an explanation of the root causes remains elusive. But there are obvious suspects, and each probably plays a role. The United States, for example, has lost its once-large lead in producing college graduates, and education remains the most successful jobs strategy in a globalized, technology-heavy economy. It is no accident that the most educated places in the country, like Boston, Minneapolis, Washington and Austin, Tex., have high employment rates while the least educated, including many in the South and inland California, have low ones. The official unemployment rate for 25- to 34-year-old college graduates remains just 3.3 percent. Beyond education, the nation has also been less aggressive than some others in using counseling and retraining to help the jobless find work. To take one small example, a recent study in France by the renowned M.I.T. economist Esther Duflo and four colleagues found that placement programs for unemployed workers helped not only the workers but the economy too. The counseled workers were more likely to find work, and they did not simply take jobs from other candidates. Overall employment rose more quickly in the regions with job counseling. Other research notes that the United States has expanded parental leave and part-time work less than other countries — and, perhaps relatedly, employment rates among women here have slipped. Whatever role these trends are playing, they do not appear to fully explain the employment decline. It is too big and too widespread. Existing companies are not adding jobs at the same rate they once did, and new companies are not forming as quickly. What might help? Easing the parts of the regulatory thicket without societal benefits. Providing public financing for the sorts of early-stage scientific research and physical infrastructure that the private sector often finds unprofitable. Long term, nothing is likely to matter more than improving educational attainment, from preschool through college (which may have started already). Many business executives and economists also point to immigration policy. Done right, an overhaul could make a difference, many say, by allowing more highly skilled immigrants to enter the country and by making life easier for those immigrants already here. Historically, immigrants have started more than their share of new companies. Perhaps the most remarkable aspect of the jobs slump is that the Americans in their 20s and 30s who have been most affected by it remain decidedly upbeat. They are much more hopeful than older generations, polls show, that the country’s future will be better than its past. Based on what younger adults have been through, that resilience is impressive. It’s probably necessary, too. The jobs slump will not end without a large dose of optimism. [less]
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Those double negatives are a bitch. Truth would accuse you of being an alkie for such a writing transgression.
and, ^^here is aboutready^^. I haven't been on streeteasy since yesterday.
I just logged on a few minutes ago to read greensdale's topic.
lo and behold:
it's 6:15pm EST, on another beautiful day in NYC.
aboutready is here, she still can't get through a day of her life, without obsessing about me.
I have no objection to what greensdale chose to write for his discussion title.
How do you think this trend will affect NYC real estate (if at all)?
>Those double negatives are a bitch.
Yes, yes they are About Ready.
SE, why?
C0lumbiaC0unty, when you were young, what was your favorite fraud that you participated in or created?
SE, why?
aboutready retreated, she has no defense.
greensdale and columbiacounty are going to have a long night,until c.c. falls asleep.
Yes,yes:
"double negatives are a bitch".
What a life she has.
Hi, trUth!
Sorry, I was off doing something. Have a nice weekend, "truth"!
I thought OP was disputing the article.
And you deduced that from his trenchant analysis and thoughtful discourse?
"trenchant analysis"?
Aboutready, you are trying too hard that you didn't get palomalou's sarcasm.
Oh please, I was just taking the opportunity to slam your incessant posting of articles. Trenchant isn't really much of an effort, although analysis seems to be a reach for you.
>Oh please,
Oh please!
>I was just taking the opportunity to slam your incessant posting of articles.
Jealous?
>Trenchant isn't really much of an effort,
Yup
>although analysis seems to be a reach for you.
But you haven't provided any analysis either outside of this thread, and on this thread you've used words poorly, gotten personally hysterical, and missed another poster's rather clear sarcasm.
Wrong. But it's what I expect.
Jealous? Are you truth?
You are jealous if Truth?
If? Of? Truth always thinks people are jealous of her and her purportedly delightful existence. Being able to post endless articles with marginal relevance to the NYC housing market with no analytical tie in just makes you another Riversider.
Of.
Another Riversider, huh? Listen AR, if you want to start a thread, just let me know and I'll start one for you.
Yet another thread destroyed by trUth
Thread Killer, aka Discussion Killer:
When a perfectly well-intentioned and/or meaningful discussion/thread is created, and someone trolls it to death with insults, pettiness, whining, completely off-topic talk, etc., to the point where the thread is no longer chiefly about the OP, but instead just an arena for boring (but sometimes hilarious) tantrums.
Another beautiful Spring day there in NYC and here's aboutready again, still obsessed with me.
I don't care what people on streeteasy think of me. I don't care if they "are jealous" of my "existence".
I decide whether my "existence" is "delightful".
aboutready is of no importance to my existence.
I don't care what she thinks. Who cares about aboutready? She's a nobody.
She's just a bored, frustrated, alkie housewife. She is of no importance.
Of course, trollalanhart is also here again.
aboutready and trollalanhart are missing another beautiful sunset in NYC.
How "delightful" their lives are.
Hi trUth!
sillySonya and alanhart, within minutes of each other, trolling on streeteasy.
greensdale: sillySonya thinks this thread was supposed to be "chiefly" about you.
She finds it to be "just an arena" for aboutready's tantrums.
A courteous "hello" would have sufficed, but thanks.
Sunsetter #3 in hand, I have to say it's not looking like a particular beautiful lightshow this afternoon. Sort of hazy and blah.
When did I or anyone say I thought this thread was chiefly about greensdale?
And I don't see any tantrums from aboutready.
(Oops! Got your foot stuck HARD in your mouth that time, didn't you "Truth"? LOL!)
More nonsense from sillySonya.
aboutready posted the first comment, after greensdale on this thread. She insulted with her petty whining about greensdale's choice of discussion title and she referred to me in her comment.
"Oops!..." Another action phrase posted by sillySonya.
Stop trying to pretend that you aren't grey, sillySonya.
Well anyway, trUth, how's it hanging?
Hanging large and low and sole.
More repeating of posts from Truth.
Who said Im pretending?
Sole, like Dover sole? Huh!
Btw, "truth", just because somebody detests you doesn't mean they are aboutready by another name.
Absolutely everyone hates her, except inonada and Guywithcat. Even Greenberg hates her. And certainly SE staff are sick of her perpetual whinging, ranting, raving, and threats to hurl herself in front of moving vehicles to start frivolous lawsuits.
Greensdale, at least you provide a venue for us to discuss your "friend truth." Not much else happening on many of your inane cut and post drivel.
>> aboutready is of no importance to my existence. I don't care what she thinks. Who cares about aboutready? She's a nobody. She's just a bored, frustrated, alkie housewife. She is of no importance.
Truth, that's a lot of virtual ink to spill about someone of no importance to you. Have you ever considered not reading / responding to about-ready-to-troll and alan-farting-for-a-trolling? Something to consider.
oh good, since aboutready and alanhart, like w67thstreet, are unable to defend themselves, inoitall will help them out and level the playing field against Truth.
SE why?
He's not defending you. Just the three I mentioned.
SE why?
I am as liberal as they come, and I believe in accessible mental health care, but I don't think that truth has that or recognizes that she needs it.
She's a mess, and a nasty one.
>I am as liberal as they come
Yet the money from the legal settlement originating from tax breaks by the State of New York to support affordable housing for the working and middle classes ... that's yours, right?
I told you: trUth has inoloco and Catboy in her little cabal. She's the Grand Dragonlady. They meet in person and she gives them their lines. Inocaca and Catboy know that if they disobey trUth, she'll snap their heads off.
Pez! Pez!
Not doin nuttin honey
aboutready, is your daughter going to college in a year or two?
greenberg, we all have tremendous respect for aboutready. But don't you think it's a bit much to expect her to be able to predict the future? Or do you think she's an oracle?
I think Timestamp Sybil is the only oracle here at StreetEasy.
Thanks for your input, inonada.
There are many comments posted on se by "aboutready-to-troll" and "alan-farting-for-a-trolling" (as you decribe them). I don't read all of their "comments", nor do I respond to all of their comments.
The amount of "virtual ink" referencing me that they have wasted their time spilling on streeteasy discussion threads is an ongoing obsession for them.
There are days, weeks and months when I'm not posting on streeteasy -- yet they can't get past their obsession about me. They post comments referring to me and on this thread, aboutready posted a comment:
"Truth would accuse you..."
That's a variation on her usual: "Truth thinks...".
She claims to be "over" me. Yet she can't seem to get over me.
Why would I care about the opinions aboutready posts about me?
She has often expressed her unhappy feelings about her own life, as written in her posted comments:
On living in NYC: "The weather sucks. I can't wait to fucking leave".
After I left this thread "about 23 hours ago" (and went on with my real life in the real world) they continued their "discussion" about me, for hours into the night and trollalanhart just posted another comment here referring to me, "about 38 minutes ago".
Something to consider, inonada.
You're good at math: do the addition and calculate the amount of ink they wasted, just on this one thread "discussion".
It's now 6:35pm EST.
Pez!
Zap!
Greensdale, why would I share personal info with you?
Truth, one post by you probably takes more time. Seriously, learn to edit. And to write. Your writing skills are horrible.
Wow, look at all that effort!!
So you see what I mean, inonada.
I logged-off streeteasy over 2 hours ago. It's now 8:23pm, EST Sunday 5/5/13.
During those hours, alanhart and aboutreadsy were commenting directly to and about me, although I wasn't here to read their nonsense.
This has been their M.O. for several years. Add up their wasted time and "effort", inonada.
Minute-by-minute, hour-by-hour, day-by-day, night-by-night, week-by-week, month-by-month.
aboutready, who is an unemployable, bored, frustrated , alkie housewife posts her meaningless drunken opinions of me.
(in this case: she doesn't approve of my "editing" and "writing skills".) As if her opinion of my skills affects my business abilities in the real world.
Since I don't read every se "discussion" posted and their "comments" every day:
It seems that aboutready and alanhart are angry at you. alanhart refers to you as : "inoloco" and "Inocaca".
What a screed. Screechy screed.
Pitiful.
and, here she is at 8:42pm Est, posting three consecutive comments within 9 minutes.
She "left" and came back many times.
Not only did I not "talk" about her, there were very good discussions without her and alanhart trolling.
>Greensdale, why would I share personal info with you?
You mean additional personal info?
greensdale: It's 9pm EST. She's drunk and will be trolling for a fight until she passes-out.
It's Sunday night, where is her "adoring husband"?
He's not working -- he's hiding. Even if he's at home -- he's hiding.
greensdale, it's 9:03 EST. where's truth's boyfriend? Where's the groupies? Why is she here?
The husband (a creature truth has no familiarity with) has a lot of work right now.
>The husband (a creature truth has no familiarity with) has a lot of work right now.
Thanks for the personal info.
(Slightly less effort than the one before with 5(!!) paragraphs, but look! "Truth" is still trying really hard!!)
Oh truth. You're so sad. Good night.
Another of her trolling drunken comments:
"That's bullshit truth. Absolute lying bullshit."
No, it's not and the people who were reading and participating in streeteasy discussions during the times she was "gone", know it to be true. She wasn't missed and then she came "back" to commenting on streeteasy, anyway.
So far tonight,she's called me a "bitch" (her usual, with: "lying", "gutter" "skanky" or some of her other usual "bitch" comments about me.)
It's 9:13pm EST.
She just isn't able to get over me.
This is her life, trolling for fights on streeteasy.
The usual retreat: "oh truth. You're so sad..."
Where's my "husband"?! I'm not married, you drunken fool. If I were, I wouldn't be married to "a creature".
Where's my boyfriend?! He's right here, doing paperwork.
"Where's the groupies?" I have no "groupies."
Where is aboutready's "adoring husband"? She writes often about him and feels the need to describe him as "adoring".
It's Sunday night. He wants nothing to do with her -- he's stuck with her. "So sad....".
and, aboutready has collapsed into another drunken stupor. Mr.aboutready is relieved.
My boyfriend is a structural engineer, doing work in a location a couple of hours north of here.
Anybody who can read/watch the news knows what is happening in that town in Northern Italy.
He drives up there at 5am and returns at around 4pm, (Italy time).
When he's not here with me, he's working. He's not married to me, nor do we have a daughter, for him to come home to spend time with on a Sunday. He's free to spend his time any way he wants.
He's not under a marital contract. He's with me because he wants to be with me --
not because he's stuck with me.
with the obama regime keep bringing in illegal immigrants, foreign students, and H1Bs, how can the American youth find enough opportunities to do anything?
"knows what is happening in that town in Northern Italy"
... yeah, Francesca is happening in that town in Northern Italy.
^^trollalanhart thinks it's funny to joke about the tornado that hit, near Bologna on Friday.^^
Hundreds of Buildings were damaged and residents are suffering.
Only an alkie (such as trollalanhart) would post such a comment on streeteasy (or anywhere else)
at 11:17pm on 5/5/2013.
The one that got absolutely zero coverage in The Times and the New York Times? Yeah, it must have been a doozy.
Or more likely your boyfriend (real or imagined) is giving you the old phonus bolonus so he can get away from you. Understandable (real or imagined).
At 1:00am, 5/6/13, trollalanhart is posting yet another alkie comment, trying to downplay the tornado,
claiming "that got absolutely zero coverage in The Times and the New York Times".
As if that means it didn't happen.
More likely, he's so drunk that he's researching coverage in "The Times".
Only an alkie idiot would post such a comment.
alanhart hasn't had a "boyfriend" in decades. That is certainly "understandable".
Who would want to be near an alkie slob?
"The Times", you sad old imbecile: http://www.thetimes.co.uk/tto/news/
What I learned is that Dame Helen has a message for you that she shared with a Samba band instead: http://www.thetimes.co.uk/tto/arts/stage/theatre/article3757040.ece
The trollalanhart can't find any information about the tornado in Italy without looking on "The Times".
"Sad, old..." His usual drunken offense against people living in the World and enjoying life.
http://www.time.com/time/magazine/article/0,9171,2143001,00.html