Consequences of Youth Underemployment: 1

Is there one common problem that affects countries as diverse as USA, China, India, Japan, Algeria, Tunisia, Italy, Spain, ALL European Countries, Almost All South American Countries?

Youth Underemployment.

So why use the word ‘underemployment’ instead of ‘unemployment’, when a significant minority of the group is not employed?

A young person without kids, who lives with or near family relatives has far more in common with an underemployed person than an unemployed person. Unemployment for people with families and kids is a very different experience, especially if they used to have a good living standard. For people who never had a decent or satisfying long-term job, not having a good job is “business as usual”. As long as they have a half-decent place to live, enough food to eat and some money to spend on themselves- things are OK, if not great.

The real problems in this scenario arise due to their social detachment and intense cynicism.

The last 40 years have thrown a few more kinks in the old scheme of things.

1. Effective contraception translates into far few kids, even without feminism. Who wants rugrats in a society so devoid of hope and purpose.

2. Feminism emasculates most men. Even those who are not emasculated become too cynical to want kids or LTRs.

3. Internet, social media and computer games are far more satisfying. I have made this point previously here and here. FB has recently made a similar assertion. It certainly helps that technology is becoming cheaper by the day.

4. “Trusted” institutions have failed, “experts” have been revealed as charlatans and people have lost faith in society delivering on implicit and explicit promises.

To make a long story short, a significant percentage of the young population has lost all hope in a brighter future. In a previous age, when almost every woman had over 4 kids- this would not be an issue. Nor would it be an issue if technology and productivity were still making unprecedented gains.

However, the future looks very different. To put it bluntly- we simply cannot extrapolate the future based on any previous data. Will say more in upcoming posts.

Comments?

  1. June 16, 2014 at 6:27 pm

    It’s not so much that young people have lost hope in the future, it’s just that they are living for today. Because the reality is that tomorrow is not promised for any of us. Death and tragedy is uncertain and cannot be foreseen.

  2. P Ray
    June 18, 2014 at 5:09 am

    For men who can generate an independent income, youth underemployment is a boon:
    Young girls always need things from men, men need things from them. A nice trade.
    (As long as no money changes hands, it’s barter and not prostitution – eliminate that … and you basically are saying women don’t deserve dates or going out in any way, which the sole purpose for a single guy with a single girl, is sex).

  3. Jeff
    December 27, 2015 at 11:25 am

    I graduated about a year and a half ago in a quantitative STEM field from a good college in the US. During that time the only work I’ve been able to find has been minimum wage, unskilled, labor. Keep in mind my goal was never to make lots of money or to climb the corporate ladder. I just wanted a job that could put food on the table and move out of my parent’s house.

    Sure I could have done more to make myself attractive to employers. For instance, I could have worked unpaid internships at large firms over my summers. I don’t think it would have mattered all that much — my last job I worked as a warehouse temp had there were lots of STEM and Business university graduates in their mid 20s. A few of them had done the whole unpaid internship thing. Their employers left them dry and decided not to hire them and pay them a salary after they’d graduated. They’re now drifting from one low paying job to another.

    I even applied to some local fast food joints. I wasn’t hired due to a lack of experience. I think when boomers talk about how you should do well in school otherwise you’d end up flipping burgers. I don’t think they realize how out of touch this makes them sound. I’m thinking of going back for my master’s but the last call centre job I applied for had a guy with a master’s degree in biochemistry in the waiting room…

    • P Ray
      December 27, 2015 at 8:48 pm

      There are at least 4 reasons behind the “skilled labour shortage”, all of which are designed to make you beg to an employer:
      1. They are after a single person who works for peanuts.
      2. They actually want 1 skilled person to do the job of 3 or 4.
      3. They have already got a candidate they are after, so they exaggerate the job scope and skills required so that they can say, “We followed the legal requirement to advertise the job and nobody replied so we picked our own candidate”
      4. The HR team want a guinea pig to practice on, they will be offensive and non-committal towards anybody managing to turn up for the interview.

  1. January 30, 2011 at 3:33 am
  2. October 3, 2011 at 3:39 pm
  3. November 3, 2014 at 4:57 am

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