Saturday, February 15, 2014
I don't know if the young recognize the facts yet. They may know that they don't like Obamacare's demands on their meager capital, for example, but I'm not sure that they realize that kids in America didn't routinely live in their parent's basement until they were 25 or 30 years old. I would suppose that only in the Great Depression, did such a generational imbalance exist in America, but maybe not even then. For certain, they have no concept of what "10,000,000 more jobs" would look like. There are no industry employee development programs of any consequence, because industry has more cheap, free labor that it can use. Foreign nationals, either legal or illegal, take up any resource slack with special skills. Kids have no idea that once in America, their hard earned education would actually field them multiple offers, and that not only better jobs, but better paying jobs could be expected within 4-5 years of starting work.
I remember those days because I'm old enough. When I graduated from college I have numerous job offers and the thought of living in my parents' basement never occurred.