So much for the economic independence that's supposed to come with young adulthood.
But when unemployment among young men workers is the highest it's been in 61 years, as noted by New York Times columnist Bob Herbert, it's little wonder that workers under 35 are facing so many economic obstacles.
On Tuesday, the AFL-CIO released the results of a disturbing new Peter Hart survey, "Young Workers: A Lost Decade" that found that about a third of workers under 35 live at home with their parents, and they're far less likely to have health care or job security than they were ten years ago. Even then, in a 1999 survey, when they faced economic insecurity, they still had reasons to be hopeful.
Those days are long gone. A quarter of young workers say they don't earn enough to even pay their monthly bills, a 14% rise from the last survey. As Richard Trumka, the presumptive incoming president of the AFL-CIO, said in a press conference today:
We're calling the report "A Lost Decade" because we're seeing 10 years of opportunity lost as young workers across the board are struggling to keep their heads above water and often not succeeding. They've put off adulthood - - put off having kids, put off education - and a full 34 percent of workers under 35 live with their parents for financial reasons.
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6 Year Old Girl: I want to grow up to be a corrupt OFFICIAL
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Sadly, when I see younger people I pity them. It sucks that they have to go through hard times. Not their fault that our peers were apathetic and allowed the bankster criminals to openly screw up their future. Anyone that has kids and has done nothing to speak up - albeit it may be in vain - should be ashamed.
ReplyDeleteThe "I Pledge" videos to Obama are the most disturbing videos I have ever seen. 30s Germans. Dimwits.
I spent the past 9 years calling George W Bush and his dimwit US Labor Secretary Elaine Chao two of the biggest liars in US history. In the US, it takes the creation of 100K-130K new jobs created PER MONTH just to absorb new graduates into the workforce. These two Republican morons rarely met that target, and stayed in office.
ReplyDeleteWe have absolute proof that Republican tax cuts do not work to create jobs. The labor available in India and China is way too large.
Yeah well let's not forget that Bush didn't rightfully win the election now did he.
ReplyDeleteNot that it would matter.
Kerry was Skull and Bones too.
Doesn't matter who you get, same agenda, serving the same masters.
These hard times may in fact be a blessing in disquise for our children. Perhaps it will wake them up to the real world and they will emerge better and stroger because of it; just like my folks did when they went through the Great Depression.
ReplyDeleteEverybody
ReplyDeleteNo worry
Print money
And be merry