Archive for May 21, 2011

Emjay: In Your Arms

May 21, 2011 1 comment

I was in my late teens when this video came out.


Categories: Uncategorized

How Do You Spell “Grass Eater” in American English?

May 21, 2011 3 comments

Some of you might have heard about the “herbivore” aka “grass eater” phenomena in Japan. You may have also read my views on that- Income Profile of Japanese “Herbivore” Men.

A few days ago the following article appeared in NYT- Many With New College Degree Find the Job Market Humbling

Now evidence is emerging that the damage wrought by the sour economy is more widespread than just a few careers led astray or postponed. Even for college graduates — the people who were most protected from the slings and arrows of recession — the outlook is rather bleak. Employment rates for new college graduates have fallen sharply in the last two years, as have starting salaries for those who can find work. What’s more, only half of the jobs landed by these new graduates even require a college degree, reviving debates about whether higher education is “worth it” after all.

The real gem in that article is the following statistics-

The median starting salary for students graduating from four-year colleges in 2009 and 2010 was $27,000, down from $30,000 for those who entered the work force in 2006 to 2008, according to a study released on Wednesday by the John J. Heldrich Center for Workforce Development at Rutgers University. That is a decline of 10 percent, even before taking inflation into account. Of course, these are the lucky ones — the graduates who found a job. Among the members of the class of 2010, just 56 percent had held at least one job by this spring, when the survey was conducted. That compares with 90 percent of graduates from the classes of 2006 and 2007. (Some have gone for further education or opted out of the labor force, while many are still pounding the pavement.)

So we have a median pre-tax income of 27K/yr for those graduates who have a job. What about those 44% who do not have a job?

An analysis by The New York Times of Labor Department data about college graduates aged 25 to 34 found that the number of these workers employed in food service, restaurants and bars had risen 17 percent in 2009 from 2008, though the sample size was small. There were similar or bigger employment increases at gas stations and fuel dealers, food and alcohol stores, and taxi and limousine services.

So jobs which used to be performed by high school dropouts now require 4 years of undergraduate education- which requires most people to take on a lot of student debt and other types of credit (LOC, credit cards etc).

Ever considered the insanity of student loans? Is it even possible for these people to pay of their student loans, consume, form couples, have kids and keep this ponzi economy going? Never mind that any job can be outsourced or eliminated, and life-time careers are virtually nonexistent. Now add in the speed and extent of information sharing/ transfer in our world and factors such as the decline of conventional belief systems- religious and secular. Factor in the attitudes of average women towards average men, and social support for the same- and you can see where we are going.

While it is unlikely that young men in the west will go down the exact same path as those in Japan- they are going in the same general direction.

Here is a glimpse of the future- If you’re reading this, then FUCK YOU.