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Chart Of The Day: 55 And Under? No Job For You

Tyler Durden's picture




 

Nearly two years ago, and progressing to this day, we first observed (and subsequently even the mainstream media caught on) that America's labor force is slowly but surely converting itself from a full-time to part-time worker society. The reasons for this are obvious: to corporations, the benefits associated with employing part-time workers are countless: avoiding substantial benefits-related costs, evading long-term job contracts, hourly basis wages, and many others. In fact, as long as there is slack in the economy, and there will be for a long, long time as the shift in labor demand is now secular, regardless of what the Fed wants to admit, employers will have ever more leverage, while workers have less and less (and are forced to agree to any employment terms, as long as they get some paycheck at all). This much has been known. What has gotten far less prominence is that of the much trumpeted 4+ million jobs added since the trough in late 2009, virtually all the job additions have gone to (part-time) workers 55 years and over. Indeed, as the chart below shows, starting since the official NBER end of the recession in June 2009, the US has cumulatively added 2.9 million jobs. However, when broken down by age cohort, 3.5 million of these jobs have gone to US workers aged between 55 and 69. Another 729K have gone to recent college grads aged 20-24. What about those workers in their prime years: between 25 and 54 years of age? They have lost a total of 886,000 jobs since June 30, 2009!

In other words, the US jobs "recovery" has been one that while "benefiting" part-time workers, and those who ordinarily would be exiting the labor force to focus on retirement (and can't as they suddenly realize their savings under ZIRP are worthless while their fixed income portfolios return virtually nothing), has crushed American workers in their key work years, whose jobs instead have been taken by "veteran" workers who increasingly refuse to leave the workforce.

The chart below shows the cumulative jobs gains for those aged 20-24 (red) and 55-69 (gray). The ones below the X-axis, the cumulative job losses, are for those aged 16-19 (green) and 25-54 (blue).

The same chart but going back three years since September 2009, or right around the time the job loss process troughed and since which point the BLS has reported a continuous monthly addition of jobs. Of the 4.2 million jobs added since September 2009, 3.5 million have gone to "experienced" workers aged 55 and over!

 

So the next time a potential employer denies your job application because the job was just taken, speak to mom and dad: more than likely they applied for the same job, and got it.

 

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Wed, 10/24/2012 - 17:04 | 2916812 kliguy38
kliguy38's picture

Greenshoots!!! And don't forget this way you get to work at more jobs........

Wed, 10/24/2012 - 17:14 | 2916834 no taste
no taste's picture

If you know anybody who thinks Obummer or Ruinme isn't an asshole, tell them they are an idiot.

http://howstupidare.blogspot.com/2012/08/how-stupid-are-americans.html

Wed, 10/24/2012 - 17:19 | 2916845 negative rates
negative rates's picture

Can you see how that powder Jones goes until death do we part time work to support it. Forget education and the entitled Federals, they are the problembo.

Wed, 10/24/2012 - 17:40 | 2916901 TruthInSunshine
TruthInSunshine's picture

 

 

The year was 2014. American society had degraded into a barbaric, selfish, free-for-all, caused partly by crushing economic conditions.

As merely one visceral and highly visible example of this were the "roaming office gangs" composed of two diametrically opposed parties; one gang of workers were the 40-and-under aspiring up-and-comers who desired higher compensation and better benefits that were part and parcel of promotion, while the other gang consisted of crusty 60 year old+ veterans, who adamantly refused to retire or otherwise bow out gracefully, instead choosing to desperately cling to what they viewed as a vital lifeline in the form of a steady fiat wage check, which they used to supplement their 401(k) and NIRP losses.

Much blood was spilled during the episodic, extremely violent "death cubicle" matches fought between the young and old co-workers, and there were even documented incidences of shamansitic rituals and animism, whereby the defeated's body was eviscerated, and the still beating heart was removed and eaten by the victor, in the hopes of capturing their knowledge and office politics skills.

Wed, 10/24/2012 - 17:41 | 2916906 fonzannoon
fonzannoon's picture

All I can picture is the fight scenes in Anchorman.

Wed, 10/24/2012 - 18:11 | 2916966 saturn
saturn's picture

No job for Bernank when he quits!

Wed, 10/24/2012 - 18:28 | 2917008 Sockeye
Sockeye's picture

$430K Lamborghini seized after complaint about fine

http://www.cbc.ca/news/canada/british-columbia/story/2012/10/24/bc-lambo...

Wed, 10/24/2012 - 20:56 | 2917302 Kiwi Pete
Kiwi Pete's picture

What 22 year old is out driving a $430k Lamborghini without insurance? He deserves to have it towed at the least! 

Wed, 10/24/2012 - 19:08 | 2917100 The Alarmist
The Alarmist's picture

Ben has a few million in savings and pensions, so I don't think he'll need to worry about another gig.

Wed, 10/24/2012 - 19:49 | 2917188 AGuy
AGuy's picture

"No job for Bernank when he quits!"

I have no doubt Bernanke will find plenty of jobs. Goldman Sachs, JPM, Bank of America, and the dozen other TBTF will be fighting over him.

Wed, 10/24/2012 - 17:47 | 2916908 hedgeless_horseman
hedgeless_horseman's picture

 

 

I wonder what % of the new jobs that are full time are also government jobs?

CBO: Feds earn 16 percent more in pay, benefits than private-sector workers

Wed, 10/24/2012 - 19:08 | 2917104 The Alarmist
The Alarmist's picture

If you can't beat them, join them ... Get a government job.

Wed, 10/24/2012 - 18:44 | 2917045 Overfed
Overfed's picture

TSA FTW! ;-D

Wed, 10/24/2012 - 18:43 | 2917046 Overfed
Overfed's picture

TSA FTW! ;-D

Wed, 10/24/2012 - 18:12 | 2916967 negative rates
negative rates's picture

ey ha for 014, let the bed chambers be changed for all amused followers!

Wed, 10/24/2012 - 18:14 | 2916971 MillionDollarBogus_
MillionDollarBogus_'s picture

In my mid 50's and could retire tomorrow, and make room for someone else, but the other partners in the firm like what I do for them, and another year or 2 will get me the 100 ft yacht.

One hundred feet of yacht is the goal, my friends.  

Wed, 10/24/2012 - 18:37 | 2917021 Rainman
Rainman's picture

Believe me, the boat's are all cheap. Babysitting them is outrageous.

Break Out Another Thousand

Wed, 10/24/2012 - 18:42 | 2917036 TruthInSunshine
TruthInSunshine's picture

There are fire sale on boats (and yachts) now (as well as boats and yachts on fire).

They are quite the depreciating and money-sucking "assets."

If you think maintaining them is expensive, wait until you fuel them and use them.

Wed, 10/24/2012 - 18:44 | 2917052 Fredo Corleone
Fredo Corleone's picture

The two happiest days in the life of a boatowner:

The day you bought it.

The day it was sold.

Wed, 10/24/2012 - 20:48 | 2917283 Harbanger
Harbanger's picture

You have 3 types boat owners

1) the rich dude with a crew

2) the wanna b guy who cant afford it.

3) the guy who uses it daily for fishing and or living.

 

Wed, 10/24/2012 - 20:08 | 2917217 Oldrepublic
Oldrepublic's picture

"A boat is a hole in the water into which your pour money."

Wed, 10/24/2012 - 21:23 | 2917062 Harbanger
Harbanger's picture

Great, I'll be there ready to save you from pirates. 

Wed, 10/24/2012 - 21:27 | 2917402 BeerBrewer09
BeerBrewer09's picture

never buy anything that fucks, flies or floats.

Wed, 10/24/2012 - 21:49 | 2917470 Midas
Midas's picture

It's cheaper to rent....

Wed, 10/24/2012 - 21:37 | 2917430 Offthebeach
Offthebeach's picture

Partners don't " ..like what I do.... ". It's a " WE " thing.
Partners don't buy other partners 100 ft yachts. Why should they cut you more then your share? Plus it comes out of your share too. What big boy putz wants anything but cash and instruments. When you make/get big money, remember, it is " I bought'.

You don't write like a owner.

Wed, 10/24/2012 - 22:05 | 2917515 Harbanger
Harbanger's picture

+1, For being smart enought to see a BS r-ist.

Wed, 10/24/2012 - 19:10 | 2917022 Harbanger
Harbanger's picture

The year was 2013, and Keynesian recovery plans didn't work and caused a global collapse...

"Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it once more.
As it will be in the future, it was at the birth of Man."

You can never trust a Statist

with anything not in your hand.

So keep your Gold in safekeeping.

For their promise of welfare and state

are nothing but lies and deceptions, of the shit you will eat if you're late.

Wed, 10/24/2012 - 19:14 | 2917120 Bill D. Cat
Bill D. Cat's picture

A scene from " The Meaning of Life ".

Wed, 10/24/2012 - 19:18 | 2917126 Cortez the Killer
Cortez the Killer's picture

I'm sure we'll being hearing from that communist cocksucker Let Them Eat Rand as soon as he gets his dildo out of his ass.

Wed, 10/24/2012 - 19:32 | 2917155 LMAOLORI
LMAOLORI's picture

 

 

Now it's Age Warfare another Marxist tool. Sounds to me like many of you are a bunch of whiny lazy losers who think you are too good to start at the bottom or to work harder like the older people did to get where they are today. I have two grown children both of them are working for themself's. They didn't particularily care for the jobs they had initially so they worked harder so they didn't have to do them forever. They also understand government debt and realize just as we did when we were forced to pay Social Security that it was beyond our control and wouldn't for a moment think about stealing the money we paid in. What they don't understand is being forced to pay for people who won't work hard yet want something for nothing at their expense.

Neither of them would ever think of spilling an older person's blood or anyone's blood other then in an act of self defense. I don't know if you thought that was poetic but I thought it was pathetic. 

Older people weren't served up the easy existance plenty of you seem to believe we worked hard to get what we have. Plenty of us did physical work my husband's an example he built commercial buildings and worked even if it was -20. When he moved up even as the project superintendent he worked hard. I worked even with young children I worked nights then so one of us would always be with them and as they aged I shifted to days eventually bought my own business and put in plenty of hours just like my own children do now.

Don't sit around for the government to help or other's to help you do what it takes to help yourself you and the rest of society will be better for it.

 

Thu, 10/25/2012 - 11:16 | 2918577 TruthInSunshine
TruthInSunshine's picture

And here I thought that the {/sarc} tags weren't even necessary in some cases.

Wed, 10/24/2012 - 23:37 | 2917727 willwork4food
willwork4food's picture

Nice work Truth. But the only way I'm fightin' for a POS, boring, dead-end, life crunching cubicle job is when I finally succumbed to my silly little Meth addiction.

Not gonna happen

Thu, 10/25/2012 - 02:55 | 2917876 lasvegaspersona
lasvegaspersona's picture

Truth

..old age and treachery will overcome youth and strength every time!

Wed, 10/24/2012 - 18:44 | 2917051 Cash2Riches
Cash2Riches's picture

The global depression deepens. Hold tight your gold and silver, were in for a bumpy ride.

 

Protect your wealth

Wed, 10/24/2012 - 17:19 | 2916841 malikai
malikai's picture

Green Sharts.

Now stop making me repeat myself.

Wed, 10/24/2012 - 17:20 | 2916851 ncdirtdigger
ncdirtdigger's picture

Bio-diversification.

Wed, 10/24/2012 - 17:47 | 2916921 YC2
YC2's picture

Holy Wal-Mart greeter, Batman!

Wed, 10/24/2012 - 17:58 | 2916942 Ineverslice
Ineverslice's picture

 

Sorry son, Grandpa is cuttin' the grass this summer..

Wtf?

Wed, 10/24/2012 - 17:24 | 2916855 otto skorzeny
otto skorzeny's picture

like that Jamaican family on "In Living Color"- "I got 10 job Mon!"

Wed, 10/24/2012 - 17:24 | 2916857 Daily Bail
Daily Bail's picture

No job AND a big-ass pile of debt.

Debt Owed To Foreign Countries Now $47,495 Per Family

Wed, 10/24/2012 - 17:39 | 2916894 alstry
alstry's picture

Historically people were milked for their production....and we called this milking a job.

Recently, we used currency(the promises of others' production) as the means to get people to produce

Now that technology is more efficient and more productive, we are running out of reasons to milk people

So the bankers are simply printing promises out of thin air to keep people producing

When we no longer have to milk each other, you know it's an http://WWW.UDDERWORLD.COM

Wed, 10/24/2012 - 19:10 | 2917107 RmcAZ
RmcAZ's picture

This should be bullish for housing, right?

Wed, 10/24/2012 - 17:08 | 2916815 oh_bama
oh_bama's picture

You guys must be kidding me! This must be a lie!

Obama created millions of jobs! He also SAVED millions of jobs by investing 1 trillion tax dollars into UNION back industries! 

So how come there is less JOBS? You have to loooooook hard on yoru numbers and REVISE IT NEXT WEEK!!!

Wed, 10/24/2012 - 17:08 | 2916817 Beam Me Up Scotty
Beam Me Up Scotty's picture

And those who are retired, get to collect their Social Security and drink coffee and play cards all day for years.  The rest of us under 55, even if we have a job, won't see any Social Security---or it will be paid in worthless dollars.  Either way, we won't get any of it.

What a mess.

Wed, 10/24/2012 - 18:36 | 2917023 WillyGroper
WillyGroper's picture

Not so sure those over 55 will get SS either.

Wed, 10/24/2012 - 20:26 | 2917243 Whoa Dammit
Whoa Dammit's picture

Today when  I greeted a fellow part-time, under 55, former CFO with the usual "Hi how are you?", he replied with the perfect snark: "Just living the dream."

Thu, 10/25/2012 - 02:14 | 2917832 Questan1913
Questan1913's picture

Beam Me Up Scotty

 

:The rest of us under 55, even if we have a job, won't see any Social Security---or it will be paid in worthless dollars. Either way, we won't get any of it."

Really?  You won't "get any of it" because you are simpering cowards looking to offload your responsibility and corrupt cowardice onto a scapegoat; the currently retired?.  I have talked to a lot of 50'ish individuals and every single one has parrotted your simpering lament.  Every one! And they were men; no, they appeared to be men. 

" Either way, we won't get any of it".  With that attitude, you don't deserve it,, and you definitely won't be getting it. 

Beam ME up Scotty! 

Wed, 10/24/2012 - 17:08 | 2916819 Lost Wages
Lost Wages's picture

As usual the old folks are supporting the status quo, this time by making the unemployment numbers look better.

Wed, 10/24/2012 - 17:09 | 2916820 knukles
knukles's picture

How come we don't hear all about this on the MSM every night?
Last I heard was a piece about Joe Biden climbing up a cherry tree that a feral cat had climbed in an effort to stop George Bush from chopping it down that had been Photoshopped on the same infamous computer the birth certificate appeared from on the same day that nobody ever fucking heard of Benghazi.

Wed, 10/24/2012 - 17:12 | 2916828 darteaus
darteaus's picture

If Romney gets elected, you will see this and articles about the homeless, dying AIDS patients, the hungry, etc.

Wed, 10/24/2012 - 18:25 | 2916998 lakecity55
lakecity55's picture

...And, body counts from A-Stan will be in vogue again in the MSM.

Wed, 10/24/2012 - 18:54 | 2917074 nmewn
nmewn's picture

Big Bird in a body bag...now theres a real photo-op ;-)

Wed, 10/24/2012 - 17:21 | 2916821 Homo_erectus
Homo_erectus's picture

"the US has cumulatively added 2.9 million jobs. However, when broken down by age cohort, 3.5 million of these jobs have gone to US workers aged between 55 and 69."

Now that's some math that Bernanke would be proud of!

Also, typo.

 

edit: Cough syrup and basic math don't mix kids. Don't be like me.

Wed, 10/24/2012 - 17:10 | 2916822 zorba THE GREEK
zorba THE GREEK's picture

When I was young, I worked part time for my grandfather.

I only worked for half a day. ( 12 hours )

Wed, 10/24/2012 - 17:25 | 2916859 otto skorzeny
otto skorzeny's picture

that's a lie-how do I know? you're a lazy Greek!

Wed, 10/24/2012 - 17:41 | 2916903 toady
toady's picture

That's what I told everyone when I worked twelve hour days.

I'm only workings half days

Wed, 10/24/2012 - 18:14 | 2916969 exi1ed0ne
exi1ed0ne's picture

In these modern times there are child labor laws, minimum wage laws, OSHA, SS and MC taxes to collect, etc. etc.

This is no longer the world you grew up in.

Wed, 10/24/2012 - 17:10 | 2916823 darteaus
darteaus's picture

Politicians change laws to grant benefits people in exchange for their votes.

Politicians impose the costs by fiat on business owners.

Business owners evade the cost; current and future workers suffer.

[Repeat]

 

Wed, 10/24/2012 - 17:10 | 2916824 fijisailor
fijisailor's picture

" the US has cumulatively added 2.9 million jobs. However, when broken down by age cohort, 3.5 million of these jobs have gone to US workers aged between 55 and 69"

Uh tyler how can 3.5 million go to 55 and over when only 2.9 million were created?

Wed, 10/24/2012 - 17:13 | 2916830 Tyler Durden
Tyler Durden's picture

Think about that for a minute...

Wed, 10/24/2012 - 17:29 | 2916868 knukles
knukles's picture

Means some other demographic lost a job or two here or there maybe?
I must admit, Tyler, you gave me a moment.....
Good thing I'm in charge of Perceptions Management.

Wed, 10/24/2012 - 17:19 | 2916839 Blasé Faire
Blasé Faire's picture

Gain of 3.5mm in group aged 55-69 + -0.6mm in group of people under 55 = cumulative 2.9mm jobs.

Still not sure if the figures are right, but the math is certainly possible.

Edit: Tyler post wasn't there when I got to the comment.  +1 Tyler; beat me to it.

Wed, 10/24/2012 - 17:37 | 2916890 NotApplicable
NotApplicable's picture

I was told there would be no math!

Wed, 10/24/2012 - 21:58 | 2917492 Midas
Midas's picture

Whenever I use that line in public nobody gets it.  Never.  And I have been trying for 20 years.  I guess I am in the right place.

Wed, 10/24/2012 - 17:54 | 2916940 Zadok
Zadok's picture

3.5 millimeters?

Wed, 10/24/2012 - 19:16 | 2917122 TraderTimm
TraderTimm's picture

I'd personally like to strangle whoever started using a 'MM' suffix for 'millions'. Of course, it probably originated in the same room that CDO's did, so there you go...

Wed, 10/24/2012 - 21:58 | 2917493 Midas
Midas's picture

10^6?

Thu, 10/25/2012 - 02:33 | 2917867 billsykes
billsykes's picture

blame the romans

Wed, 10/24/2012 - 17:35 | 2916887 Heyoka Bianco
Heyoka Bianco's picture

Thinking is hard. Why won't the government do it for us?

Wed, 10/24/2012 - 23:21 | 2917705 MisterMousePotato
MisterMousePotato's picture

I try to think ...

But nuthin' happens.

-Curly Howard (?)

Wed, 10/24/2012 - 17:52 | 2916930 darteaus
darteaus's picture

And THAT is why you are commenting on Tyler's site, and not the other way around!

Wed, 10/24/2012 - 18:53 | 2917073 Fredo Corleone
Fredo Corleone's picture

Sailor, even Fredo could work out the arithmetic on this one.

Wed, 10/24/2012 - 17:12 | 2916826 DoChenRollingBearing
DoChenRollingBearing's picture

Whew!  I'm 56!

Wed, 10/24/2012 - 17:10 | 2916827 Insideher Trading
Insideher Trading's picture

They took er jerbs

Wed, 10/24/2012 - 17:32 | 2916875 knukles
knukles's picture

Oh yeah, the Richard Geere Jerb adjustment.

Wed, 10/24/2012 - 18:50 | 2917065 Fredo Corleone
Fredo Corleone's picture

Habitrail, bitchez.

Wed, 10/24/2012 - 17:12 | 2916829 odatruf
odatruf's picture

So long as moms makes enough to buy me hotpockets, she can have the job.

Wed, 10/24/2012 - 17:19 | 2916843 Oldwood
Oldwood's picture

There you go again, trying to make your point by using numbers! Everybody knows numbers aren't important, its how you FEEL about stuff that really matters.

Wed, 10/24/2012 - 17:21 | 2916853 Blasé Faire
Blasé Faire's picture

Exemplified by an anecdote in place of an answer 90% of the time during the debates.

Wed, 10/24/2012 - 18:01 | 2916946 NotApplicable
NotApplicable's picture

Wow, a 10% failure rate in today's politicians? Sophism sure has gone downhill.

Oh, for the days of Reagan, Clinton, Thatcher and all the other silver-tongued foxes.

I want to believe!

Wed, 10/24/2012 - 17:46 | 2916915 JuliaS
JuliaS's picture

And feelings only matter if they're positive!

Wed, 10/24/2012 - 17:53 | 2916934 Skateboarder
Skateboarder's picture

You didn't feel those feelings!

Wed, 10/24/2012 - 17:55 | 2916941 dbTX
dbTX's picture

And of course as Clinton said so many times, how hard he tried.

Wed, 10/24/2012 - 18:15 | 2916977 exi1ed0ne
exi1ed0ne's picture

 

"And there was a time in this country, a long time ago, when reading wasn't just for fags and neither was writing. People wrote books and movies, movies that had stories so you cared whose ass it was and why it was farting, and I believe that time can come again!"

Wed, 10/24/2012 - 21:06 | 2917330 Bobbyrib
Bobbyrib's picture

I love that documentary.

Wed, 10/24/2012 - 17:18 | 2916844 slaughterer
slaughterer's picture

The trend ZH is pointing out is particularly noteiceable in the sand states where retirees are prevalent (FL, AZ, etc.) Walk into a Miami Office Depot: no employee there is under 54.  

Wed, 10/24/2012 - 17:20 | 2916850 Squid-puppets a...
Squid-puppets a-go-go's picture

and before any moron suggests it,  it wouldn't be any better under the  Rape-publicans

If your career gets fucked by the bad economy, it's "something God intended"

Wed, 10/24/2012 - 18:03 | 2916948 NotApplicable
NotApplicable's picture

Not in before some moron suggests otherwise...

Wed, 10/24/2012 - 17:24 | 2916856 hustler etiquette
hustler etiquette's picture

fml

Wed, 10/24/2012 - 17:24 | 2916858 foodstampbarry
foodstampbarry's picture

Find a brod with money and live the good life...bitchez.

Wed, 10/24/2012 - 17:32 | 2916867 otto skorzeny
otto skorzeny's picture

Mr. Mom to a well paid wife ain't such a bad gig. Let some other dude drag off to work at 6am and go sit in shitty traffic and deal with an asshole boss and chip in 45% of what they earn to some Porch Monkey's SNAP card and hey-suddenly my life ain't so bad.

Wed, 10/24/2012 - 17:39 | 2916895 IndicaTive
IndicaTive's picture

Can you keep her dinner warm? She's going to be a bit late tonight.

Wed, 10/24/2012 - 18:38 | 2917030 Oldrepublic
Oldrepublic's picture

checking into a hot sheets motel

Wed, 10/24/2012 - 17:49 | 2916924 darteaus
darteaus's picture

Really Bill?  Then why don't you wait home for Hillary?

Wed, 10/24/2012 - 17:27 | 2916863 news printer
news printer's picture
Jefferson County asks voters to pick President of the UNTIED States

http://tinyurl.com/boe95tp

Jefferson County voters are casting their ballots for “President/Vice President of the Untied States.”


Wed, 10/24/2012 - 17:30 | 2916872 Implicit simplicit
Implicit simplicit's picture

There will be plenty of jobs created for the under 55 group building/selling caskets, cemetary plots, morticians,embalmists, funeral home workers, urn suppliers, creamators etc.. for all the baby boomers, like  myself (60), when we croak. Self-immolators are bad for the economy.

Wed, 10/24/2012 - 17:35 | 2916884 otto skorzeny
otto skorzeny's picture

that's the whole point-SS and all of the Great Society bullshit didn't take into account that all you old cooters WERE ALL GOING TO LIVE TO BE 100 YEARS OLD.

Wed, 10/24/2012 - 18:20 | 2916990 lakecity55
lakecity55's picture

Nah, O-Phone has an app for that.

Wed, 10/24/2012 - 18:44 | 2917050 WillyGroper
WillyGroper's picture

Hmmmmm, shoulda taken better care of myself.

Wed, 10/24/2012 - 23:26 | 2917715 MisterMousePotato
MisterMousePotato's picture

I once worked with a guy who was, oh, I dunno ... 60s? 70s? Anyway, he had a sign on the wall of his office: "If I'd known I was ever going to be this old, I would have taken better care of myself when I was younger."

Wed, 10/24/2012 - 17:42 | 2916905 NotApplicable
NotApplicable's picture

You forgot the Number One job for the young, bullet-tosser/catcher.

Old folks will remain  at home seated on their couches for those.

Wed, 10/24/2012 - 18:26 | 2917003 toady
toady's picture

No, no, you missed the point! The old folks will work the drive-thru, walmart,& home depot while the youngsters toss the bullets back & forth.

Wed, 10/24/2012 - 17:34 | 2916878 Martial
Martial's picture

Hmmm...should be any second now for the "my wife's cousin's nephew earns $82 an hour working from the toilet" spam.

Wed, 10/24/2012 - 18:07 | 2916958 IndicaTive
IndicaTive's picture

You're good. Nailed it. Posted at 17:49.

Wed, 10/24/2012 - 17:38 | 2916892 Heyoka Bianco
Heyoka Bianco's picture

What about all the rampant ageism? Does this mean with out that societal scourge, "they" would have "created" 7 million jobs for old coots?

Wed, 10/24/2012 - 17:37 | 2916893 icanhasbailout
icanhasbailout's picture

anyone still want to argue with my assertion that the Boomers sold you out?

Wed, 10/24/2012 - 17:48 | 2916913 NotApplicable
NotApplicable's picture

Sure, I'll bite. "Boomers" are a abstract collective and thus do not exist in any tangible form capable of composing thoughts, let alone acting on them.

What did I win? ;)

As for individual Boomers... well, they're just the latest in a long, long line of rent seekers. They weren't even born yet when the Coup of '13 occurred.

Wed, 10/24/2012 - 17:54 | 2916939 icanhasbailout
icanhasbailout's picture

I can't think of another generation in human history that arrogated so much to itself and so little to its own posterity. The coup may have been before their time, but the Boomers made short-term self-gratification and narcissism into a way of life.

Wed, 10/24/2012 - 23:28 | 2917718 MisterMousePotato
MisterMousePotato's picture

Oh? You've met my parents, then?

Wed, 10/24/2012 - 20:18 | 2917235 itstippy
itstippy's picture

Dammit boy! 

We invented color TV, Cheezdoodles, the six-pack, and the Detroit smallblock V8.  We kicked ass!  Now we're tired and want to enjoy the fruits of our labors.

Get off yer butts and go invent some similarly awesome shit.  Facebook don't count.  Them erection pills are a good start, though.  Follow up with flying cars and a dirt-cheap source of electricity.

You kids are supposed to support yourselves and your elders!?!  You can't even support your own damn pants!

/s

Wed, 10/24/2012 - 23:30 | 2917719 MisterMousePotato
MisterMousePotato's picture

We? You didn't do shit. If the proper functioning of a television depending on your understanding of the subject, well ... .

Wed, 10/24/2012 - 17:39 | 2916896 doomandbloom
doomandbloom's picture

what do you expect with such increase in  technology and efficiency? we are firing ourselves!  ( it is actually a good thing, but our social structure wont support it)

Wed, 10/24/2012 - 17:43 | 2916897 Dburn
Dburn's picture

 

The Job Gains in the 55-64 are loudly trumpeted but no one ever wants to breakdown what kind of Jobs these old folks (that's me too) are getting. It's usually the jobs that someone under 55 with a family and heavy financial obligations can't afford to take. No one ever mentions that us FOFs ( Fellow Old Farts) are getting jobs at equivalent or greater pay than before the recession. No , it's the 55-64 year olds who saw their retirement savings decimated that are manning the counters of your local fast food franchises. They are valued at shit jobs like that because they have had many more years of eating shit  experience and therefore are more reliable no matter how  badly  they are treated.

 Why just last week as I took my grocery cart down to local grocery store a mile away, I saw two FOFs around my age having an intensive discussion of economic theory as they waited for grocery customers to come to their checkout line. Yeah, buddy, you can't get rid of us. We work for minimum wage , part -time, no benefits  and have been socialized into never complaining about hard times and a crappy paycheck. "A Day’s work for a Day’s pay" or these days Three days’ work for a Half days pay is something we live(ed) by. 

Then the BLS counts us as being employed even though many of trained our replacements in China or India for the good paying jobs, that will never come back, just so we could get a job at a Fast Obesity drive through close to you, so teen-agers driving their brand new $35,000 graduation gifts can come in and holler "Hurry up  you old Fucking Fart".  Were the ones that take the jobs that no self-respecting American who dreams of being the next Mitt Romney would ever dream about taking. You know Federal Govt workers, Bankers, Drug Pushers ( Big Pharma down to Pharmacies) , and any other job where the bosses have gone out and secured million dollar benefits package and paychecks with good old fashioned bribes to those Gooberment Employees so they and their workers can commit crimes with impunity costing the economy trillions.

 

 So I say : “Take those stats and shove it.”  

 

 

 

Wed, 10/24/2012 - 18:17 | 2916979 Skateboarder
Skateboarder's picture

+1

Thanks for picking up our slack, old timers.

Wed, 10/24/2012 - 19:13 | 2917117 WillyGroper
WillyGroper's picture

I had to train 9 of my replacements in different jobs being outsourced. Very demoralizing, which was the point. 

I feel for the younger ones. They grew up in a time when having multiple careers was/is the norm. Trouble is, you can't win. Most jobs, the pay sucks. You need multiple Phd's, only to be told that you're overqualified or don't have enough experience. Why would they have any loyalty to a company that shits all over them? This is starting to bite some companies in the proverbial ass. The younger ones either don't show up or if they do it's late. 

One kid that I had to train, just out of the military was smart as a whip. I had a great time working with him. He followed the work out of state. Then his parole officer called looking for him. He'd used someone else's SS number to get hired. So much for vetting.

Then there were 2 meth heads. One was busted with a lab in his house. He got off because Barney Fife was out of his jurisdiction. 

The other took a company car on a gambling spree. Never did not finish his work. My bosses boss walked in one day & asked ME what the problem was. I said "I don't have a problem. YOU do. I didn't hire him."  

The real kicker was a "Monthly Integrity Report." It gave explicit details on the firings of the young newbs. Theft, drugs, telling customers to pay them in cash & the best was a video of one using a bucket truck to steal oranges from a tree next to the area where he was working. 

Yep, big difference in work ethics.

Wed, 10/24/2012 - 17:40 | 2916899 Unprepared
Unprepared's picture

Damn it! What do I always pick the wrong age bracket?

 

Wait, does that mean I can safely push few 55+ senior managers over the 13th floor glass window now?

 

Downward mobility bitchez.

Wed, 10/24/2012 - 17:41 | 2916904 Atomizer
Atomizer's picture

Hello ZHers.. Took a break for a bit.

 

For your reading pleasure.

Generational Wealth and Upward Mobility   (October 24, 2012) 

Advanced democracies have lost upward mobility. 

http://www.oftwominds.com/blogoct12/upward-mobility10-12.html

Wed, 10/24/2012 - 17:49 | 2916909 NoDebt
NoDebt's picture

My wife's cousin's nephew earns $82 an hour staying at home while sitting on the pot and smoking pot!

Find out how by visiting our website, below, for this once-in-a-lifetime for-the-rest-of-your-lifetime opportunity!

http://www.ssa.gov/pgm/disability.htm

Act now and get a free bonus Obama Phone!

Wed, 10/24/2012 - 17:56 | 2916911 NoDebt
NoDebt's picture

Oh, snap!  My comment started on a new page.  It would have been a lot funnier if it was directly below Martial's post.  Jeez you guys post up quick around here.

Wed, 10/24/2012 - 17:50 | 2916914 Tango in the Blight
Tango in the Blight's picture

Here in the Netherlands zero hour jobs are in vogue. You sign a contract for 0 hours and you are officially no longer unemployed. You only work when your boss needs you, have to be available the entire week and show up on command and are completely at your boss's mercy. You get no benefits and only minimal wage for the hours that you actually work. They call it "the new working".

Wed, 10/24/2012 - 18:21 | 2916992 icanhasbailout
icanhasbailout's picture

the traditional term for that is "freelancing" and it's not new in any way shape or form

Wed, 10/24/2012 - 18:42 | 2917043 Skateboarder
Skateboarder's picture

Freelancers kind of get to pick what projects they want to work on. His description makes it sound more like you are at your boss' mercy for meager hours so that you can put food in your mouth for basic sustenance.

Wed, 10/24/2012 - 18:53 | 2917071 icanhasbailout
icanhasbailout's picture

you're describing the same exact thing in both cases, the only difference between the two is the attitude of the person in that position

Wed, 10/24/2012 - 18:55 | 2917075 Oldrepublic
Oldrepublic's picture

zero hours contracts seem to be common in the UK

Wed, 10/24/2012 - 17:51 | 2916927 Winston Churchill
Winston Churchill's picture

Its a hard life.

Was on Palm Beach this afternoon bidding on restoring a marble verandah.

A 30,000 sq.ft veranadah for f's  sakes.

Hope all those 60 somethings are glad they enabled someone to afford such a

modest pied a terre.

Wed, 10/24/2012 - 22:11 | 2917542 DollarMenu
DollarMenu's picture

Sounds like the original may have been built in the '20's,

another period of extreme income disparity.

 

Wed, 10/24/2012 - 18:09 | 2916965 docmac324
docmac324's picture

Technically, that is pronounced:  "No job POR YOU!"

Wed, 10/24/2012 - 18:15 | 2916972 Ineverslice
Ineverslice's picture

 

...basically, it's an enormous Shit-Sandwich, and we are all gonna have to...

 

(can't think of the movie that referenced from)

bon apetite.

Wed, 10/24/2012 - 18:17 | 2916981 Walt D.
Walt D.'s picture

... where's the bread?

Wed, 10/24/2012 - 19:17 | 2917125 WillyGroper
WillyGroper's picture

How about some Grey Poupon with that?

Wed, 10/24/2012 - 20:15 | 2917233 Walt D.
Walt D.'s picture

Poop on what?

Wed, 10/24/2012 - 21:13 | 2917358 Bobbyrib
Bobbyrib's picture

Full Metal Jacket

Wed, 10/24/2012 - 18:18 | 2916982 mendigo
mendigo's picture

Tyler surely you are mistaken about the emplyment market Bloomberg had an editorial yesterday reinforcing our need fot imigrant workers particularly in technical fields apparently citizen workers are in short supply - come clean Tyler where have you hidden them?

Virgil Goode proposes we should cut back on visas for foreign workers until unemployment falls below 5%. How dumb is that!

Wed, 10/24/2012 - 18:18 | 2916983 lakecity55
lakecity55's picture

....but, but, but, O-Phone says he has a cunning plan to employ everyone! He waved it around today! We're saved!

Wed, 10/24/2012 - 18:27 | 2917004 Oldrepublic
Oldrepublic's picture

Japanese have lots of experience with part time jobs

called Arubaito

Wed, 10/24/2012 - 18:36 | 2917025 Supernova Born
Supernova Born's picture

And those fantastic jobs for the geezers?

OTTO: Night watchman in Pomona.
KEVIN: Yep.
OTTO: Asbestos worker. City of industry.
KEVIN: Yep Yep!
OTTO: French fry maker Agoura. Ha Ha that's absurd.
KEVIN: Yeah...
OTTO: You know Kevin, I had this wild fucking dream the other night.
KEVIN: I bet.
OTTO: It was with you and me and we were working in this sleazy shithole motel down in Miami, Florida. And we were
bellhops and we were sixty-five years old. It was so real it was really real, realistic.

Wed, 10/24/2012 - 18:59 | 2917077 hedgelessWhoresMan
hedgelessWhoresMan's picture

You youngsters have such sh1tty work ethics. I run circles around the new recruits.

 

BTW - Software developer, sqlserver DBA 59+

Wed, 10/24/2012 - 19:04 | 2917093 SilverMoneyBags
SilverMoneyBags's picture

Work smarter, not harder. You dinosaurs can't keep up with us youngsters in a modern economy. Go back to your horse and buggy old man. It is the 55+ crowd that steered us into this mess. You've had your shot, you failed.

Wed, 10/24/2012 - 19:15 | 2917121 wonderatitall
wonderatitall's picture

spoken like a true compassionate enlightened obamacrat...good to be a gangsta huh pussy

Thu, 10/25/2012 - 08:24 | 2918096 toomanyfakecons...
toomanyfakeconservatives's picture

That's one way to look at it. Being neither under 35 nor over 45, I conclude people from both age groups are generally screwed.

Wed, 10/24/2012 - 19:02 | 2917088 SilverMoneyBags
SilverMoneyBags's picture

Huge mistake, the baby boomers are some of the worst workers for a modern economy. I just got hired on a temporary project that is 100% computer based and the hired a bunch of old 50+ people that barely knew how to use e-mail or instant messenger, muchless actually know how to do the job, or other basics like ctrl v and c lol. These employers are going to regret these choices.

Wed, 10/24/2012 - 22:15 | 2917552 DollarMenu
DollarMenu's picture

The key word here SMB is "temporary".

Get used to it, that's your life forward.

Wed, 10/24/2012 - 19:06 | 2917096 monopoly
monopoly's picture

It is so true and so sad at the same time. Growth is in our service industry. Fire 1 FT and hire 3 PT. Brings the numbers up yet keeps the expenses down for the company. And now that they have proven to themselves that PT works. Why change with benefits. Especially if Obama care remains in place. Small business owners with over 50 employees are in deep shit. How can they possibly afford to pay all those benefits and still make a profit for themselves.

We are going forward all right. Forward over the fucking cliff into the abyss.

Wed, 10/24/2012 - 19:13 | 2917118 wonderatitall
wonderatitall's picture

so. obama says we go foreward to an obama festival of wonder....or are you racist?

Wed, 10/24/2012 - 19:18 | 2917124 SilverMoneyBags
SilverMoneyBags's picture

People who talk about racism must be in the 55+ category because most of us 30 and under folks could really care less what you look like, we care what you believe.

Wed, 10/24/2012 - 19:13 | 2917113 SilverMoneyBags
SilverMoneyBags's picture

When FDR created Social Security, the program was meant to be a temporary fix that was supposed to force the 55+ folks out of the work force to make room for the 20 and 30 year olds. Not only did the program become permanent, fast forward 80 years and the 55+ year olds are still crowding out younger workers.

Way to go baby boomers, you have a fully succeeded in raping every other generation. I guess when you spent the 60s smoking pot, the 70s dropping acid, the 80s doing cocaine, and the 90s to present  doing desinger pharmecutical drugs, we were bound to have an Idiocracy nation.

Wed, 10/24/2012 - 19:59 | 2917202 Supernova Born
Supernova Born's picture

I drank your milkshake. I drank it up!

Wed, 10/24/2012 - 22:15 | 2917553 Lloyd_Xmas
Lloyd_Xmas's picture

DOnt forget 2000's taking viagra

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