Author Topic: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
combat_mage_sc 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
The economic train wreck rolls on.


In 2008, the youth vote helped sweep Barack Obama into office. Americans 18-29 spread the word on social media, energized fundraising and went to the polls.

In 2012, the youth vote is moving on and throwing those omnipresent “Hope” bumper stickers and t-shirts in garbage bins.

Not because of apathy. Not because another candidate generates more enthusiasm. Not because of his character. Not because they think voting is pointless. The 18-29 vote is up for grabs in 2012 because youth can’t afford cars to put bumper stickers on and those t-shirts are worn out from too many days sitting on the couch unemployed.

The sobering reality: just 55.3 percent of Americans between 16 and 29 have jobs. And earlier this year, Americans’ student loan debt surpassed credit card debt for the first time ever.
Rather than develop a lasting initiative to help young unemployed Americans, the President launched “Greater Together” – a campaign tool that offers community forums rather than jobs. Rather than provide a bailout to those crushed by the burden of educational loans, his student debt relief program was pathetic – only reducing interest rates by a measly 0.5 percent.

No wonder less than half of Americans 18-29 approve of Obama.

It’s no surprise the President is ignoring millenials. They’re too poor to donate to his campaign this election cycle. Older Americans are 47 times richer than the young – a striking generational gap in prosperity that has widened from a 10 to 1 ratio when Ronald Reagan was running for reelection in 1984. At the same time, Obama is ringing up donations from older voters. In the first 10 months of 2011, he attended 58 fundraisers – twice the number President George W. Bush attended during the comparable period before his reelection. That’s overkill when the GOP candidate is still TBD.

Millenials haven’t embraced any of the GOP candidates yet, but there’s a huge opportunity for the eventual nominee to swoop in and win over the youth vote. They have a short memory, filled mostly with three difficult years under President Obama’s economic stewardship. The Center for the Study of the American Electorate reports that the youth vote won’t come out strongly this time around, but there’s little doubt the voting bloc is up for grabs to the first candidate who offers up viable policies – not themes and slogans – to address their issues.

To win the youth vote in November, a Presidential candidate could start by:

- Creating a limited student debt forgiveness program: It would be impractical and foolhardy to create complete debt amnesty. Instead, erase all federal student debt for those with more than $30,000 in federal student loan debt and cut the bill by 10 percent for those with debts under that threshold. That still leaves students accountable – no free rides – but it eases the crushing burden on millions of millenials. H.Res. 365 by Rep. Hansen Clark (D-MI) was a well-intentioned (albeit pie-in-the-sky) call for debt relief and it’s a good starting point for future efforts.

- Controls on Predatory Lenders/Servicers: Most students need their parents to co-sign loans and then take care of the bills themselves. But private loan servicers like American Education Services (AES) have no oversight and resort to bully tactics to threaten students’ parents with credit rating ruin as little as five days after a bill comes overdue for the first time. Not even credit card companies are that ruthless. There’s nothing more humiliating and stressful to students or parents than getting harassed for short-term delinquencies. There’s no need for a Credit Protection Financial Bureau, just more oversight on predators like AES.

- Allowing Student Loan Discharge in Bankruptcy: In 2005, bankruptcy law changed to specifically exclude private student loans from being discharged in bankruptcy proceedings. Young adults don’t want the headache or stigma of going bankrupt, but sheltering private lenders at the expense of recent graduates is wrong. H.R. 2028 will restore pre-2005 terms – support for the bill would be huge in generating millennial votes.

The ancillary benefit of student debt relief is a stimulus to the economy. Older Americans might say that giving money back to the young is an invitation to run up debt again, but millenials have watched their parents get underwater with mortgages and credit cards – it’s the pot calling the kettle black to deny young adults their own bailout. The stimulus will come in the form of solid and responsible purchases: a first couch, a first bed, a first set of dinner plates. This isn’t reckless spending, it’s the type of economic stimulus that Obama’s much-touted stimulus should have been.

Without the youth vote in 2008, the President would have lost North Carolina and Indiana – a 26 delegate swing equal to nearly 10 percent of the 270 electoral college votes needed to win. The 2012 election promises to be closer and the swing of the youth vote could be enough to tip the balance. It’s time the President did some soul searching on his feelings toward the youth vote. And he better do it soon, because the GOP candidate is waiting in the wings and won’t hesitate to take the youth vote.

http://globalpublicsquare.blogs.cnn.com/2011/12/30/have-the-youth-given-up-on-obama/

chicken

 

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HeartView 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Do you know how many people government downsizing has put on the unemployment line?

 

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AgzntOrange2 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
JOBS ACROSS AMERICA

Obama says it is Congress' fault why everything is screwed up. He has good plans.

 

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Cuttlery 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
It looks like Combat Mage is for forgiving student loans? Communist.

 

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Webscar 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Woo, I've beaten the odds.

BTW, why start counting at 16? I'd think that the 16-18 range skews the numbers some.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Webscar posted:
Woo, I've beaten the odds.

BTW, why start counting at 16? I'd think that the 16-18 range skews the numbers some.


That's exactly the point of using ranges... to skew the numbers. I'm betting including 30 year old's would have skewed the numbers to a higher percentage, so they stopped at 29.

 

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Sith_Mauler 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


And how is that the fault of the current president?

 

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Cuttlery 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


Maybe you should go occupy something.

 

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the_great_intex 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sounds about right. Another full generation of college graduates with no jobs to get. I got very lucky to be able to get so much experience early

 

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Sgian_Dubh 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
How is any of this the fault of our current president?

Our economy is in the shits because of a myriad of problems with the way our economy works.

 

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TickyAtack 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.



lol.

 

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NeoKarnak 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.




Too bad you're not female and blessed with your icon's ass. You could make way more than $25 an hour.


Hope and Change pushing the envelope.

 

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Sith_Mauler 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Cuttlery posted:
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


Maybe you should go occupy something.


I did occupy ACF with my bitching for the better part of 2 years and then I got over it and picked my self and said time to start over someplace.

2 more years till my masters and then lets see what the world offers, if I cant find something then, I might think about occupying something.

 

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_Gimpzilla_ 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


Clearly you were overpaid for whatever you were doing. The market is correcting itself. You're lucky that us 1%'ers give you a job at all.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:
Cuttlery posted:
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


Maybe you should go occupy something.


I did occupy ACF with my bitching for the better part of 2 years and then I got over it and picked my self and said time to start over someplace.

2 more years till my masters and then lets see what the world offers, if I cant find something then, I might think about occupying something.


I hate to be a downer on your educational dreams, but the latest shift in hiring is more toward people who have demonstrated skills and experience and not a piece of paper on the wall.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
I found this thread easy to masturbate to

 

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Sith_Mauler 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
_Gimpzilla_ posted:
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


Clearly you were overpaid for whatever you were doing. The market is correcting itself. You're lucky that us 1%'ers give you a job at all.


that was when I was a windfarm supervisor, and at the time I scored that job my skill set was in high demand because people where spending money and companies needed techs to keep their production facilities and product lines running smoothly, not so much anymore with all the factories closing up shop and laying off tens of thousands of electrical and mechanical technicians.

intel flew me out to portland on an all expense paid 3 day interview(no offer)
semiens did the same flew me to sand diego(job offered but refused due to a starting salary of only 60k a year in San Diego)
lockheed,L-3, and a few other defense companies courted me also.

 

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Jesus.Christ.. 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:

semiens did the same flew me to sand diego(job offered but refused due to a starting salary of only 60k a year in San Diego)



doh!

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
lol.

"only" 60k/year.

 

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Sith_Mauler 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Jesus.Christ.. posted:
Sith_Mauler posted:

semiens did the same flew me to sand diego(job offered but refused due to a starting salary of only 60k a year in San Diego)



doh!



at the time median income was 80k a year and it had one of the highest cost of living rates in the country.
I would have to live and hour away in the desert to find an affordable place.

i took a 55k a year job in scranton pa where the median income was only like 33k a year at the time.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
student loan debt surpassed credit card debt... To me, this says that people are reducing their credit card debt and going back to school.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
federal student loans are not the problem. it is the private student loans.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Those same young people are inclined to say it isn't his fault that we are in the toilet, so they're defecting to nowhere. Expect many to either vote for him again in 2012 or stay home altogether.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Civil Engineers are in demand.

Is it my fault you young people for the most part have ignored my career advice for the last 10 years.

http://money.usnews.com/money/careers/articles/2010/12/06/best-careers-2011-civil-engineer

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Computer Scientists and Computer Engineers are in demand, but Americans are so dumb we have to bring in people from India and China and get them visas.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
I think I could do Civil Engineering fairly well; I am just afraid I'd waste the money on college as I become extremely bored/sleepy when reading text books.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
_Gimpzilla_ posted:
Computer Scientists and Computer Engineers are in demand, but Americans are so dumb we have to bring in people from India and China and get them visas.


WRONG. WRONG WRONG WRONG WRONG WRONG.

It is not "Americans are so dumb".
American COMPANIES like the fact that you can get these people to do the job for 20% or less than an American living in this country gets paid.
THAT'S why the Indian companies are getting their business. THAT'S what's fueling the current job crisis, NOT congress or the President(to the degree that they're being demonized over it).
It is corporate greed pure and simple. Pay less and less and less.
And let me tell you, these people are doing a half-assed job at it, and eventually American Corporations are going to wake up and see you get what you pay for. I've seen it first-hand, I'm living it.

My old company's entire IT was outsourced (development to two Indian companies, Infrastructure and support to an American company I shall not name). I was fortunate enough to get a job with that company, and am still doing the same job for the same "old" company, but working for the outsource-ee.
The rank and file for the "old" company rues the day that decision was made. They're saving money but the service is nothing what it was (for those functions shipped overseas), the work is crap. THE higher you go the less you see it, you're blinded by the savings.
But those who have to deal with it day to day on both sides are pulling their hair out.

Pure and simple, American Corporate greed is what will destroy this country.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Why even include 16-18 in that range? Teenagers often don't need or even want jobs. And many college students forgo working also, or work only during the summer.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
levgre posted:
Why even include 16-18 in that range? Teenagers often don't need or even want jobs. And many college students forgo working also, or work only during the summer.


Yeah, I'd more more interested in 'completed education' and seeking work category.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
levgre posted:
Why even include 16-18 in that range? Teenagers often don't need or even want jobs. And many college students forgo working also, or work only during the summer.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Gibbon-Raver - Have you been reading the Last Chronicles (Thomas Covenant) at all?
If so, any thoughts?

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Sith_Mauler posted:
_Gimpzilla_ posted:
Sith_Mauler posted:
in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


Clearly you were overpaid for whatever you were doing. The market is correcting itself. You're lucky that us 1%'ers give you a job at all.


that was when I was a windfarm supervisor, and at the time I scored that job my skill set was in high demand because people where spending money and companies needed techs to keep their production facilities and product lines running smoothly, not so much anymore with all the factories closing up shop and laying off tens of thousands of electrical and mechanical technicians.

intel flew me out to portland on an all expense paid 3 day interview(no offer)
semiens did the same flew me to sand diego(job offered but refused due to a starting salary of only 60k a year in San Diego)
lockheed,L-3, and a few other defense companies courted me also.




Saying you were "courted" for jobs would normally insinuate that you were in demand, and that they would offer you a competitive salary...

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Annanova posted:
Gibbon-Raver - Have you been reading the Last Chronicles (Thomas Covenant) at all?
If so, any thoughts?


While the first 2 in the series were palatable, the latest was a horrible mess of useless repetition and filler. The book should have been 100 pages shorter and some of the lore did not conform historically. I simply could not trudge all the way through the morass and gave up entirely about 2/3rds of the way through. I was saddened that such a great series came to this. Read some of the reviews on Amazon.

If you have not read the Gap series, I would recommend that, it is pretty good imho.

 

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Annanova 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
I've read everything Donaldson (not his Reed Stephens detective novels though).
Yeah, I pretty much agree with you about the most recent book - it was a real struggle to finish although I did after a second try, a year after it came out.
It WAS SO SLOW.. although I must say it picked up considerably right about where you left off - 2/3 of the way through.
I've never read conversations so drawn out (I think the first 150 pages of the book pretty much took place in the exact same spot - I doubt any character took a single step).

It was hard, and the payoff from finishing it was slim if any. Maybe the fact that I can pick up the last one next year and not be completely WTF happened up until now.

Loved the Gap, loved Mordant's Need. They should make a movie or two from those.

 

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ArchrikerHG 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
I skew the poll, along with most of the people that I took classes with...I'm 24 and have never worked a "real" job (to be fair, I couldn't drive until I was 18, and for basically 3 of the 5 years I was in school I couldn't drive then either, and public transit is out of the question in this area).

needs to be 23-30 year olds...90% of the people under 20 don't work a regular job, and probably 50% or better don't even work at all.

I think most of the job problems comes from companies hiring overseas...I don't blame the President, but I also don't plan to vote for him (didn't the first time either). It's congress' inability to do ANYTHING that's more of a problem than the president.

 

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Gibbon_raver 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Annanova posted:
I've read everything Donaldson (not his Reed Stephens detective novels though).
Yeah, I pretty much agree with you about the most recent book - it was a real struggle to finish although I did after a second try, a year after it came out.
It WAS SO SLOW.. although I must say it picked up considerably right about where you left off - 2/3 of the way through.
I've never read conversations so drawn out (I think the first 150 pages of the book pretty much took place in the exact same spot - I doubt any character took a single step).

It was hard, and the payoff from finishing it was slim if any. Maybe the fact that I can pick up the last one next year and not be completely WTF happened up until now.

Loved the Gap, loved Mordant's Need. They should make a movie or two from those.



Same here, I have read all but his detective novels. I probably have read the first 2 Thomas Covenant series 6 times each. You are the 2nd person who commented that the end did pick up a bit and was not bad, so I may need pick up another copy and finish it, if nothing else to at least complete the series.

 

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Arc_DT 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
ITT, Combat proves once and for all that he can't read past the sound bite of his own copypasta.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Annanova posted:
_Gimpzilla_ posted:
Computer Scientists and Computer Engineers are in demand, but Americans are so dumb we have to bring in people from India and China and get them visas.


WRONG. WRONG WRONG WRONG WRONG WRONG.

It is not "Americans are so dumb".
American COMPANIES like the fact that you can get these people to do the job for 20% or less than an American living in this country gets paid.
THAT'S why the Indian companies are getting their business. THAT'S what's fueling the current job crisis, NOT congress or the President(to the degree that they're being demonized over it).
It is corporate greed pure and simple. Pay less and less and less.
And let me tell you, these people are doing a half-assed job at it, and eventually American Corporations are going to wake up and see you get what you pay for. I've seen it first-hand, I'm living it.

My old company's entire IT was outsourced (development to two Indian companies, Infrastructure and support to an American company I shall not name). I was fortunate enough to get a job with that company, and am still doing the same job for the same "old" company, but working for the outsource-ee.
The rank and file for the "old" company rues the day that decision was made. They're saving money but the service is nothing what it was (for those functions shipped overseas), the work is crap. THE higher you go the less you see it, you're blinded by the savings.
But those who have to deal with it day to day on both sides are pulling their hair out.

Pure and simple, American Corporate greed is what will destroy this country.




I'm not talking about outsourced IT monkeys. I'm talking about skilled programmers. Most large software firms have to hire abroad, get them visas, and bring them to America (not outsourcing) paying them 6 figures. We can't find enough qualified Americans able to code even something trivial. This country is failing to teach children math and science and it shows in the job market.

 

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Annanova 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
The company I worked for had lots of skilled programmers.
Truly, I'm not just saying that, these people were the best at what they do and had been working with these particular applications for 10, 20+ years. LOTS of experience.
Once they outsourced those jobs to three Indian companies, we have seen defects rise 200%, delivery dates constantly being missed, continual off-cycle production patches and deployments month after month.. they're not going to be happy until they break this application (which is the single most important in this company - a top 10 international insurer).
They forced all of the business knowledge out of the door after a laughably short knowledge transfer period (one month?) and now more things are broke than working.
They break it and then you (I) get the inevitable memo, "Please investigate and do the needful".

"Do the needful" is Indian for "we break it, you fix it".

 

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Sith_Mauler 
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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
myxomatosis8 posted:
Sith_Mauler posted:
_Gimpzilla_ posted:
[quote=Sith_Mauler]in 2008 i was making $25 per hour and anything over 8 hours a day was OT regardless if I had 40 hours in or not.

I make 10.50 a hour now.

there is your hope and change.


Clearly you were overpaid for whatever you were doing. The market is correcting itself. You're lucky that us 1%'ers give you a job at all.


that was when I was a windfarm supervisor, and at the time I scored that job my skill set was in high demand because people where spending money and companies needed techs to keep their production facilities and product lines running smoothly, not so much anymore with all the factories closing up shop and laying off tens of thousands of electrical and mechanical technicians.

intel flew me out to portland on an all expense paid 3 day interview(no offer)
semiens did the same flew me to sand diego(job offered but refused due to a starting salary of only 60k a year in San Diego)
lockheed,L-3, and a few other defense companies courted me also.




Saying you were "courted" for jobs would normally insinuate that you were in demand, and that they would offer you a competitive salary...[/quote]

competitive salary according to your field and a now a salary that makes if affordable to live in one of these high cost of living urban area's is two different things. another thing I have to consider is that any job I take, I have to write off 1/3 to child support.

so lets say I took that $60k a year job in San Diego well after child support takes their 1/3 and this factored with pre-tax wages.

so after taxes and child support I am looking at a 30-35k a year job, sorry but your not living anywhere decent or close to work in southern california on 30-35k a year.

 

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Subject: Obamanomics: Only 55% of Americans Between Ages of 16 And 29 Have Jobs…
Maybe if George W Bush and his retards hadn't broken the economy, Obama wouldn't be in this situation.

 

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