The problem with the job market (especially if you're young)

I'm young and work. This video speaks to me 😅

I think it just makes sense that there are differences in perspective by generation. The older (wealthier) crowd is voting to safeguard their assets; whereas, the younger (broke) generation is looking for the chaos necessary for social mobility. Regarding the job market, I think you made a lot of good points about the 'efficiency' monitoring and the different (highly specialized) employee classifications. I am curious about your opinion on one thing. What I can recall from my limited working experience is that those from the Silent Generation (1921-1945) retired and stayed retired. But nearly every Baby Boomer I have met that is very close to retirement age talks about the jobs and positions they want in retirement. We had a Director retire from my organization, then immediately apply and receive an open Director's position (effectively drawing two salaries). If the job market is a finite pool of opportunities, then the reluctance to retire from the older generations is shrinking the pool.
Would love to hear your thoughts, Great Video!

300 thousand jobeless people in finland most of them gen z note finlanf has 5 mil people

As a younger worker who is currently employed I am happy to say that while underemployed (if we were to use my academic attainment as the determining factor for that status) my job is not soul sucking or low paying but that is due to the union for which I work.

I believe a lack of unionization (mostly the ability of workers to collectively bargain) is a primary cause of many jobs being garbage (in the sense that they do not provide enough income to survive in a dignified manner).

Title needs to be "The Problem With Capitalism"

I'm 39, so not exactly young anymore, still I'll share my thoughts on the problem of the job market. The workforce is so diverse, that you can't trust your co-workers (and therefore won't form a union). Employers stopped training their employees years ago. American job seekers have to compete with everyone around the world (because "we're a nation of immigrants"). Interviews select for skills unrelated to the job (e.g. the infamous software engineer interview). Most employers reward bullshit artists. Being good at your job doesn't matter as much as being liked. Finally, we've been conditioned for this since kindergarten. There is no time for thinking or exploration. Just show up on time, and if you can't sit still then you must have ADHD.

it's winner takes all mentality, your the robot for the corporation. Your not there to enjoy yourself but to maximize profit for the company or nation. This what the leadership is promoting, similar to china no amount of jobs can change that.

I left North America for Europe because of the lack of opportunities for a tradesman job. But worse, I didn't understand why I had to be paid hourly and beg my boss for work. In the 3 years I worked as an "apprentice", I received very little training. I felt like I hit a dead end as disposable labor. I was in the oil patch for crying out loud. In Europe I immediately found work, the employers trained me and I was working autonomously within 2 months. I will say that my resume is very complete today. I could probably go back to North America and earn a good salary. But I don't want to be paid hourly and work 24/4 shifts again. Now that I have experience, I don't want to work in the private sector anymore. The salaries are disappointing and there are no benefits. Work for the government.

Im blessed. I got hired by a biotech startup (studied chemistry) where I was trained on analytical techniques and experiment design. We got acquired by a big corporation but since theyre HQd out of state we retained some autonomy. Ive been able to grow skills and take advantage of corporate benefits too. I see improvement in my work and get a sense of accomplishment. I do have my complaints about corpo meeting culture and its limits on creativity but overall I like my job and feel adequately compensated. My heart breaks for my classmates who studied the exact same things as me but are now baristas and uber drivers bc I was fortunate and they were not as much.

I’m 27 and I have never felt the situation I face in the job market articulated so well, especially nuanced points that many may not think about.

"Have some resilience."

How much resilience, exactly? Can you define that for me? Where, exactly, is the overlap between employees being resilient to less than ideal conditions and employers leaning too heavily on less staff to extract more value? When exactly is it the employers responsibility vs the employee?

I'm 37. I did everything I was told. I went to school, took my board certifications and work 2 jobs at a clinic and at a hospital. Getting the training was not easy. I worked 7 days a week for years to pay for bills while training. Not to toot my own horn, but I'd say I'd fit the criteria of being resilient.

In my opinion, this idea of being resilient is part of the problem because it enabled for decades now further abuse and lack of accountability by people in power to accumulate more wealth and power on the backs on the people who were resilient. When are the wealthy and powerful going to be resilient?

I'm glad that Gen Z is standing up and not putting up with the horrible treatment older generations did. There is a difference between resilience and not wanting to be exploited, used and tossed away, while you sacrifice your own life and time with family and friends to make some faceless investors wealthier. It used to be that profits generated by a company went into the business and staff. The old, local way where the company owner was a kind of father figure whose duty was to care for his employees has gone by the wayside, but employees are still expected to sacrifice for nothing in return.

I don't think the billionare party is interested in anything except extracting more wealth from Americas working class. I hope you are right and I am wrong.

If you do not change direction, you may end up where you are heading.😮

How about human resilience...? Huh? You know I know not all people think this way... Cause they have been programmed by the system to think differently.

But there is a rise in autistic... An general quality that these people share is just a over whelming sense of just do the right thing... No matter the cost. Especially if you are one helping in various ways... putting people in a wrong positions. Many reasons... Lack of understanding the current economy to lack of understanding the current pressures on a forcedly shrinking population... Through many means... Family court system... Abortions... Killing babies equals less people duh... And many more "programs" designed by the orchestrators of this system that just blindly programs people...

Aka this is the mess when you put your trust in people... Who first and foremost goal is how many more shinny things they have... Aka their pocket books. Don't get me wrong not saying great men should not be paid greatly... But there seems to be a miss understanding between the words great... And greedy.

And to keep their pocket books full and expanding we the people end up suffering for it in the long run. Time after time after time... History is over flowing with those examples.

I am an autistic... It goes against my nature to do bad things... Greed is bad mmmkaaa.... I have no problem helping to boost the human race to greater things... Like outer space.... Ooo ahhhhh....

But if greed is left to run it's rampage... This is the mess you end up with.

Again there is a big difference in a great man... And a greedy man behind a mask that say make something great...

You watch my predictions... Trump is going to be one of the wealthiest people in this planet not long after his presidency... Maybe using that power to stuff some pockets ya... So far I have not been wrong. Same guy who voted Democrat till he saw his pocket book shrinking... Funny kwinky dink don't ya say? Till people are before money... Problems will always arise... You are basically asking for trouble at that point. Or even more sinister... Planning for it...

I got a 5% raise followed by a 5% reduction in shift differential. That gave me a good laugh, I left voluntarily when I they gave me the 2 minute late write up.

This guy does alot of yapping to just say normal markets have stagflated and you literally have to become your own boss to make more than the middle manager above you. Welcome to turbo inequality baby best done get shopping for countrys that still have middle classes.

The entire system is just trying to survive and that’s why things seem so chaotic. The level of competition from joe worker up to the largest corporations are intense because of having to compete globally.

AI is going to complicate things even further considering companies won’t need the same labor force size. I still haven’t heard any solid plan yet on what happens Post AI to us as a society.

Because we dont need more office jockeys.. we need young people to do real jobs with their hands. Being a police officer, being a skilled person, being a nurse.....the biggest issue is young people want to sit in an office and make 100k.... I got news for you those jobs are not readily available and the people sit in them for their careers

I am going to be real. There is more than just jobs being the problem. There is no incentive to really have a job.

The application process is far more complicated than it should be. You have to game multiple computer systems to apply for a job. Many jobs also request that you complete 3rd-party assessments and aptitude tests prior to accepting an application. It is a complete waste of time. When making it passed those gates, the interviewer knows nothing about the applicant. They never looked at the resume or the aptitude results.

Rent is generally far too expensive. I have lived around the country and there is a large disparity between the cost of housing and the local payrates. Many Gen Xers and Baby Boomers with lower incomes had the opportunity to have rent controlled homes, and can't leave them. Also, a lot of housing disappears because of developers creating homes which are out of touch with the local market. A blue collar worker, in a blue collar town or neighborhood, isn't going to live in, or, sometimes, afford, the all grey Pinterest-inspired builder special. Home ownership is completely out of the question as well. That is an economy of current homeowners trading houses.

Lastly, most of the jobs available are horrible. You are right about being KPI'd to exhaustion. But also a lot of things are more or less you, again, combating bad software to perform the job. Returning to paper would be a great help to many positions

The problem is simple "Private Equity" has hollowed sectors so employees work "seasonal" or PT at best becasue corporations now are focused on the quarterly earning, not yearly. Metrics that measure daily productivity are unrealistic. And, wages are so low working for $20hr is not worth your time. You work but can't pay basic bills. "Good jobs" are scarce.

I think also part of the problem is, back then, you would be working at a soul sucking job, but at least you knew in just a couple years you can be out of there working a career that pays waaaaaaaay more and actually be able to support yourself, even raise a family and some pets, buy a house and a new car, that’s why older gen’s like boomers and gen’s before them developed good resilience to really push themselves, because they new they had an amazing reward waiting for them that’s not too far away. And now? It’s a complete shit show. Your at a soul sucking job and there is quite literally no guarantee you will ever be able to escape, college is way more expensive so loans may not be feasible, but if you do it, your not even guaranteed that that degree will be worth anything in 4 or 5 years especially with AI improving at an accelerating rate (companies are literally designing AI to replace the human worker), because you also need other certificates, maybe other credentials, strong portfolio, years of minimum wage grunt experience before you even get to the career level. Less jobs to go around so much much much worse competition, and less pay of course. And it’s looking like retirement may not even be an option with how bad things are getting. And now a bachelors is almost not even enough, a masters is actually becoming the new favorite among companies lol….. and your right with increased monitoring from better technology, it is making jobs more dehumanizing. So with younger generations basically being left with almost no hope of basically being able to start a life for themselves, why should they try? They’re being forced to a play a game they know they can’t win, so what’s the best option? Play like shit to conserve energy and run the clock until something happens. They’re slowly starting to realize they may actually be dead broke for the rest of their lives and not be able to retire (work a minimum wage job until they’re 85) and then who knows what. Well then of course they’re gonna rebel, they’re gonna give their employers flack (quiet quitting and not trying that much), not caring anymore, becoming more depressed, more anti social, not forming relationships or having kids.

I think the problem is the criticisms are coming from gen x/boomer generation and wealth wise are the wealthiest group and grew up in a booming economy.

The Elites sending US manufacturing overseas/to different countries was one of the greatest of all failures, but Boomers collectively are responsible. "Muh 3 dollars cheaper items!!"

People fleeing this state in droves. It’s a NIMBY leftist dystopia!😢

I’m age 24 and have an even tougher (I think?) time with getting employed. I haven’t had a single job yet because I wanted to focus as much effort into my college education but then I was in a terrible car accident resulting in me getting a severe Traumatic Brain Injury (TBI) at the ripe old age of a month before 20. I was even legally dead for a short amount of time between the accident and getting hospitalized! But the worst part is that I was planning on getting a career in astrophysics which obviously uses a LOT of brain power. Having a TBI stopping me from both finishing my education and getting any jobs at all has somewhat screwed me I believe.

(praise the lord about 99% of the injury was in area as if the brain that control the motor functions! [but I am 4+ years into the recovery and still only the left half of my body works {womp womp wooomp}])

FYI a lot of jobs just opened up. Many companies reporting all their workers are in hiding.

wait i could've sworn i read somewhere gen z was seen as resilient and adaptable? why the sudden shift when it comes to pushing back to workforce?

No offense, but I don't think you understand the severity of this situation. The wealth in the west is being extracted from us and we don't have the capability of fighting back. This is warfare.

I live in Nashville. Have a good job. That said, I have a 23 year old. Job market worse I've seen.

If you can’t own a home. Can’t afford children or childcare (if you want that), can’t afford a car, can’t afford rent etc. etc. etc. than what is the point?

This world is plagued by the vitiation of man

I’m 26 and I was a software developer for 5 years. Lost my job in November and have been struggling to get another job since. I really don’t like how advanced AI has gotten because of how it’s being used in the job application process

Layoffs are continuing today as companies perform extreme cost cutting, and are moving jobs to development centers outside of the USA to save on costs.

I am about the same age as you still working in FAANG the workplace has gotten a lot worse over the years where everything is about the bottom line.

The pandemic came, and the government told people their job was not essential. And they believed it.

As a millennial, the main reason I have any wealth is from trading BTC in the last several years. I've made ten times more from BTC than my small business. The state of affairs in the USA is pathetic and sad, unless you have rich parents, or you know somebody important.

People are doing similar work as their parents but unable to afford the same level of housing and food as their parents. Feels bad working pay check to pay check for years with no end in sight so your boss’s boss can be the one actually making money.

These jobs are not coming back. And they wouldn’t have needed to if working people were being cut in on the profits of our productivity and technical advancement. We were robbed it’s that simple

I think that companies are banking on AI to replace all workers and that is the inevitable outcome. I think all work will be replaced and we the people will not get an equal compensation to what we lost. The social contract is going through enshitification

America is in permanent decay and a economic collapse

Im 23 The best advice I can give Is to save up as much as u can and mabey go somewhere else that more fulfilling. Juice isn't worth the squeez for anything. The only hope for us is if the economy crashes that means a new system thats reliable and not out of tuch But it will be a rough period Take advantage of opportunities because they will be plenty.

Love this topic and how you present it. We need more conversations like this!!

Unfortunately, I think some people seem to think that the company should have the same values they do
And they don’t because most of these companies are considered an entity anyway legally
The days of the days of early Google was fun and games and everyone’s riding around on Segways (I’m 43)
Unfortunately, right now people are dime a dozen”
The fact is is the boomers wanted to cash in on the Global market and did
They stole their grandparents inheritance
They sold out their kids future
And here we are
The grandparents are broke
The kids will never buy homes and have no savings because they’re in debt from school printed and interest rates
And the boomers are still complaining😂
The problem isn’t the millennials or Gen X or Gen Z
Or even the greatest generation
The problem really is with the boomers …
From immigration
To globalism
To the rise of liberalism
As a result of one word -greed

This was a conscious effort. Financialization was a decision. And this is why the U.S. won’t be able to compete. Labor is too expensive because they’ve privatized the commons.