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No Country For Young Workers: Only Americans 55 And Older Found Jobs In March

Tyler Durden's picture




 

We first showed back in October 2012 that in America, courtesy of the Fed's micro-mismanagement of everything, the labor force has been turned upside down, and the only jobs being created are those for aged workers, Americans 55 and over. The reason is two-fold: with savings rates at zero, Americans who were on the verge of retiring found that the fruit of their labor was worth nothing under ZIRP (and may well be punished under the upcoming NIRP) as their savings (and fixed income investments) generate zero interest income, while young Americans would rather stay in college by the millions funded generously by trillions in Uncle Sam student loans.

In any event, this is nothing short of a recipe for disaster, as aged workers have no leverage to demand higher wages (hence the lack of any broad wage growth), while Millennials and other young Americans, instead of entering the work force and accumulating job skills as well as wages, get more and more in debt.

All of this was on full display in today's jobs number, which while disappointing wildly based on Establishment survey data, was even worse based on the Household survey where only 34,000 people found jobs in March. But it was the age breakdown that was the stunner, and it can be seen best in the chart below.

In short: America continues to be a country where there are only jobs for old men, those 55 and older, who saw a 329,000 increase in jobs in the past month. Every other age group saw job losses!

 

And the real kicker: since the start of the Second Great Depression, only the 55 and older age group has seen job increases. Those 55 and younger are still 1.2 million jobs below the level they were are on December 2007.

 

And just in case there is any confusion, here is just the number of workers aged 55 and older. At 33.1 million they just hit a new all time high.

 

Oh, and finally, for those who may be wondering. It isn't because of early retirement. Unless of course, those retiring early are workers aged 25 to 54.

Source: BLS

 

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Fri, 04/03/2015 - 10:00 | 5955599 corporatewhore
corporatewhore's picture

Hey.  I'm older than 55 and the quality of jobs available are shit.  Beyond shitty.  But at least I'm working 80 hours per week and surviving at less than 50% of what I made prior to 2008.

Fri, 04/03/2015 - 10:02 | 5955608 GetZeeGold
GetZeeGold's picture

 

 

I can't drive 55!!!

Fri, 04/03/2015 - 12:25 | 5956114 Smegley Wanxalot
Smegley Wanxalot's picture

Yeah you can.  You just gotta hit on the slutty grandmas.

Fri, 04/03/2015 - 16:57 | 5956991 boogerbently
boogerbently's picture

Work ethic.

Period.

Fri, 04/03/2015 - 10:03 | 5955610 NoDebt
NoDebt's picture

OK, so that's one more check box for 'employed' and 'fully satisfied'.

Thank you for participating in our survey.

Fri, 04/03/2015 - 10:28 | 5955694 rccalhoun
rccalhoun's picture

these youngsters will eventually use their abundant free time overthrowing the old fucks of the world

Fri, 04/03/2015 - 10:36 | 5955722 mrpxsytin
mrpxsytin's picture

Or they could just move to Australia. 

Fri, 04/03/2015 - 10:51 | 5955765 Headbanger
Headbanger's picture

Or just kill each other off faster than they are now!

No wonder robots are taking over jobs.

Fri, 04/03/2015 - 11:21 | 5955743 Creepy A. Cracker
Creepy A. Cracker's picture

The "old fucks" earned enough money to buy security systems and semi-automatic guns.  Good luck committing felonies on these guys and living to tell about it, youngsters.  They won't simply roll over and give you what they worked for their entire lives.  They expect you to work for it as well (the nerve!!!).

Are youngsters being screwed by the Fed and government(s) promising to take money from them to give to other people?  Yes.  But committing felonies against the "old fucks" won't fix the Fed or government(s).  The "old Fucks" are being screwed by the Fed as well.  They are not being screwed as badly by the government because they were in on the government ponzi schemes, forced on them by the government, early.  Government(s) now expect and demand that youngsters pay for the government forced/created ponzi schemes.

Fri, 04/03/2015 - 11:41 | 5955965 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Don't forget. 5 to 1, they got the guns but we got the money...

All depends how you define money.

You can't hold out indefinitely in a siege situation no matter how deep you are dug in. It is easy to isolate your weapons until they run out of ammo with no ability to replenish it. It becomes a numbers/stamina game at that point. Remember a blade doesn't need to be reloaded. It maybe an old barbarious relic but a tried and true one.

Time is also not on an 'old fucks' side either if a stalemate breaks out.

 

Fri, 04/03/2015 - 12:28 | 5956126 Ident 7777 economy
Ident 7777 economy's picture

Need I remind you: "On a long enough time line the survival rate for everyone drops to zero."

Fri, 04/03/2015 - 12:26 | 5956119 Freddie
Freddie's picture

The young voted for Obola but it is not like any elections are real.

The joke is young and old Americans like stupid sheep keep supporting the elites by watching TV, Hollywood's shit, going to theme parks owned by Hollywood scum, using facebook, using big banks like dumb fux.   Retards.

Fri, 04/03/2015 - 13:45 | 5956377 Vullsain
Vullsain's picture

The old fucks gotta keep working to pay for 30 year old Juinor's craft beer tab and the little princess has to have the iphone 6, the art and fashion degree's did not really pan out. Fuck no they are not going to work like their old man did when he was their age, eeeew that is mexican work.

Fri, 04/03/2015 - 15:42 | 5956779 mkkby
mkkby's picture

Funny, because I know an old fart who's paying for his little princess to study fashion in college.  In other words he's paying for her to party and be a slut for 4 years, then come home and live with daddy -- forever unemployable.

Daddy works like a dog for asshole bosses and hates his life.  But he's not smart enough to jump off the treadmill and tell princess to get her own life.  Sad.

Fri, 04/03/2015 - 15:54 | 5956800 Vullsain
Vullsain's picture

Then she can always blame the oppressive white male patriarchy when she looks back and rationalizes why she never was successful. Its a Win Win for her.

Fri, 04/03/2015 - 10:55 | 5955788 Osmium
Osmium's picture

I can't see them stepping away from the game console long enough to do that.  Now when the power goes out they may venture outside.

Fri, 04/03/2015 - 10:50 | 5955767 weburke
weburke's picture

where do you live?

Fri, 04/03/2015 - 11:23 | 5955919 corporatewhore
corporatewhore's picture

flyover country. large metro area. trying to get my kids to go to a more pleasant (as in warm) climate.  No luck.  they, unfortunately, want to move back and endure hot summers and cold winters.  i just want beach front living.

Fri, 04/03/2015 - 10:00 | 5955602 pods
pods's picture

This country is a snake eating it's tail.  

They have shipped out whatever they can ship out, and use retirees to fill the remining slots the H1Bs and Mexicans cannot fill.  Part time, plenty of them.  Young, non medicare folks just cost too damn much.

Ship is going down. Local Walmart just removed like 10 checkout stations and put in self checkout.  One frazzled almost ready to go postal person in charge of 10 stations?  Lol.

pods

Fri, 04/03/2015 - 10:43 | 5955746 Captain Willard
Captain Willard's picture

The more amusing aspect of this is that Wal-Mart just announced, to great fanfare, a general wage increase for its loyal workforce. 

Meanwhile, back at HQ, they are planning to replace their workforce with as many LGBT? machines as possible. Appleby's is replacing waiters with iPads. The entry-level jobs of yore are dying.

This isn't necessarily bad. But what comes next?

Fri, 04/03/2015 - 11:08 | 5955841 pods
pods's picture

We can all become painters and sculptors.  Empire collapse art is always very sought after.

pods

Mon, 04/06/2015 - 09:57 | 5963140 Ratbagger
Ratbagger's picture

Seriously? That actually sounds like a legit idea. I'm pretty good a 3D modelling. Couple that with a 3D printer and I've got myself a nice little niche business!

Fri, 04/03/2015 - 15:48 | 5956788 mkkby
mkkby's picture

Of course.  Watch how fast automation comes after the $15 minimum wages kick in.  That plus obamacare is a huge stab in the heart of entry level jobs.  Young people are going to have to start their own businesses or live in the basement forever.

Fri, 04/03/2015 - 11:35 | 5955956 Sisyphus
Sisyphus's picture

"They have shipped out whatever they can ship out..." Believe me pods, they have only started. For e.g., the big four are now expanding their operations in India... big time. One of the big four has more or less stopped hiring anybody below a senior manager in the US. Everything is moving to India. Slowly but surely the top paying jobs are going overseas. The country is being hollowed out, one day at a time, and the plebes are sleeping; no, sorry, watching Lardashian's ass and freaking out that Tom Brady jumped off a cliff. Oops, sorry, gotto run... the march madness is on. Fuck jobs... not the dead one!!!

Fri, 04/03/2015 - 10:01 | 5955604 SolarSystem1932
SolarSystem1932's picture

Guess it's time to start lying about my age...again.

Born in 61 and yes, I'm 55.  Pulling the old clever lever again.

Fri, 04/03/2015 - 10:13 | 5955645 GetZeeGold
GetZeeGold's picture

 

 

Born in 61 and yes, I'm 55. 

 

Let me quess.....we're your parents in Selma AL?

Fri, 04/03/2015 - 10:51 | 5955771 Creepy A. Cracker
Creepy A. Cracker's picture

"Born in 61 and yes, I'm 55."

I hate to break this to you but don't apply for the jobs requiring you to do math.  If you were born in 1961 you are either 53 or 54.

Sat, 04/04/2015 - 03:49 | 5958156 kareninca
kareninca's picture

Um, he was joking.  That was a joke.

Fri, 04/03/2015 - 10:01 | 5955607 NoDebt
NoDebt's picture

Somebody fact check me on this, but in rough numbers I believe the total civilian working population is something like 130MM people.  OF WHICH those aged 55+ are about 33-34MM of that, going by the chart in this article, above.  Which would mean they are about 25% of the total work force.  Could that be right?

 

Fri, 04/03/2015 - 11:01 | 5955812 Creepy A. Cracker
Creepy A. Cracker's picture

Based on a quick survey of Wal-Mart greeters and cashiers they are about 90% of the total work force.

Sat, 04/04/2015 - 03:50 | 5958159 kareninca
kareninca's picture

There are no more Walmart greeters; they stopped having them several years ago.

Fri, 04/03/2015 - 10:02 | 5955609 Northern Lights
Northern Lights's picture

I just read in a Toronto newspaper that some high school districts in Ontario, Canada are considering getting rid of the annual "final exam".  The "pro's" are saying that exams cause too much stress, so the best thing to do is eliminate the stress by eliminating exams.

Some districts have already done away with exams.  Also, some Universities in Ontario are also looking to get rid of final exams.

http://news.nationalpost.com/news/canada/the-death-of-the-exam-canada-is...

Let me ask you this, would you trust your business with the next co-hort of university graduates??

 

 

Fri, 04/03/2015 - 10:07 | 5955621 Mike Honcho
Mike Honcho's picture

Testing no longer measures comprehension.  High school finals are mulit choice, if it was in all essay form or public debate then possibly.

Fri, 04/03/2015 - 10:14 | 5955652 new game
new game's picture

multiple choice with no wrong answer, wouldn't want to hurt someones self esteem.

Fri, 04/03/2015 - 10:37 | 5955720 Philo Beddoe
Philo Beddoe's picture

Multipe choice with one choice. They would have to change the name of the exam from Multiple to Single Choice. Oops...Choice infers more than one possibility, so they will likely have to go with Check Box. 

Fri, 04/03/2015 - 11:21 | 5955895 stocktivity
stocktivity's picture

Exactly! They don't have to be accountable in school so they know no other system. Then these kids come into the work force with the same work ethic. "What's in it for me?" Not "what can I bring to this company". If I am a business owner do I hire a 55 year old with a solid work background or a young one checking their phone every 5 minutes. No brainer.

Fri, 04/03/2015 - 15:55 | 5956803 mkkby
mkkby's picture

College degrees have been suspect for years.  How many of you know the minority kids get a diversity grade boost so they can keep up appearances?  That's right.  The diversity crowd gets special treatment in both entrance requirements and in grade point average.

If your doctor is a minority, there is a good chance he didn't really graduate college.  At least not at the same standard as everyone else.

Fri, 04/03/2015 - 18:03 | 5957237 August
August's picture

>>>If your doctor is a minority, there is a good chance he didn't really graduate college.  At least not at the same standard as everyone else.

That's true for American-born non-Asian minorities. The hurdles for a non-US/Canada individual to get into the US medical system are high enough so that those who do are as good as, if not better than, the average native-born doc.  FWIW I'm a US-born doc myself, and have spent decades working both inside and outside Amurica. So, your Indian practitioner might be a bit hard to understand, but the odds are he's as competent as the home-town guy.

Fri, 04/03/2015 - 10:13 | 5955639 Prober
Prober's picture

I see a clear trend of the "progressives" driving the entire system towards effortless, stress-free, riskless life of easy-living, comfort, and abundance.

Would it not be better for the central banks to just create money and give it directly to "the people" so that everyone can be prosperous, everyone can buy whatever they want, the economy can be on turbocharged afterburners, no one needs to worry about getting educated, or skilled or finding a job, no need to monitor economic data, etc. Think about it, the central banks are already creating the money, but they are not distributing it so that it can be spent.

I propose that the best way to accomplish this is for the central banks and government tax collectors to collaborate and just simply refund ALL the income taxes ever paid by every living person - that would put a huge amount of spending power into the economy PLUS correct a fundamental immoral injustice.

Fri, 04/03/2015 - 10:25 | 5955678 Oldwood
Oldwood's picture

Even the most strident leftist understands that they still need some people to do the work. They can simply imprison and enslave this critical resource or temper their ideologies to the level to allow a few non-believers to resist and actually try to outwork, outrun and outsmart them. Production is an absolute necessity to survival and someone will have to do it.

The ideological left sees the work ethic as a mental disease driven by greed. They sincerely believe they could tax earnings by 100% and there would still be a few crazies out there that would still be working. They see us as a mule perpetually willing to pursue the carrot on the end of a string, regardless of load and humiliations.

They may be right, but this mule bites and kicks like hell!

Fri, 04/03/2015 - 10:43 | 5955745 surf0766
surf0766's picture

Fuck the progressive/statist/communist assholes

Fri, 04/03/2015 - 11:11 | 5955853 Prober
Prober's picture

Great suggestion but there is no cock big enough in the universe.

Fri, 04/03/2015 - 10:35 | 5955715 BeerMe
BeerMe's picture

Too stressful.  Haha!  What is stressful is being in business and looking a month out.

Fri, 04/03/2015 - 10:41 | 5955733 Urban Redneck
Urban Redneck's picture

Perhaps we should start lumping Cannucks in with 'Muricans among those for whom a college degree is deemed worthless than a high school diploma in the civilized world...

Seriously, I'm not 55 (yet) but even a few decades ago the ability to read and reason, and then write or quantify answers correctly was a prerequisite to entrance to university, as distinct from grades 13, 14 et al.  Now I routinely come across graduate, post graduate and professional papers from fields I have never even seriously studied that are published despite being incorrect/impossible because some troglodyte that the system failed upward didn't properly understand the premise, prerequisites or foundation of the field or misconstrued the application, relevance or significance of their own data sets. 

Fuck the next bunch of university graduates, I wouldn't trust the current bunch of university graduates to flip my burgers or make my coffee correctly, much less maintain my balance sheets.

Fri, 04/03/2015 - 10:05 | 5955615 replaceme
replaceme's picture

So this means boomers are retiring, right? I heard that on CNBC or something.

Fri, 04/03/2015 - 10:07 | 5955622 nakki
nakki's picture

Good or Bad these are all made up numbers, to be revised years latter. Its all make believe, just like everyt other number that comes out.

Fri, 04/03/2015 - 10:10 | 5955632 robertocarlos
robertocarlos's picture

That makes no sense. Who would hire an old man?

Fri, 04/03/2015 - 10:17 | 5955659 new game
new game's picture

an old man, and guess what - they own a large portion of small businesses...

Fri, 04/03/2015 - 10:30 | 5955701 Oldwood
Oldwood's picture

As a 61 year old small business owner, the average age of my employees is early fifties. Mostly a bunch of angry old white men...but they still show up and work. This is the key. Showing up and working. Those with the entitlement mentality will always eventually fall back on the only source of entitlements...the government. I have watched it "progress" for years now. That's why there is mostly only old guys like me left working...mental disease.

Fri, 04/03/2015 - 10:37 | 5955726 Captain Willard
Captain Willard's picture

Yes, work is a habit we learned when we were young from our parents, family and neighbors.

Unfortunately, so is slacking off, collecting benefits, smoking pot and streaming Netflix.

Fri, 04/03/2015 - 10:54 | 5955784 Headbanger
Headbanger's picture

Yo!   You got a PROBLEM with angry old white men!??

Fri, 04/03/2015 - 10:58 | 5955801 Oldwood
Oldwood's picture

I think Obama do.

Fri, 04/03/2015 - 10:53 | 5955780 YouThePeople
Fri, 04/03/2015 - 14:05 | 5956459 EBT excepted
EBT excepted's picture

'nee body what recanize dat d'bility to woik on y'own cars take lotsah commun senses...'n dat you will get d'job done brothah...

Fri, 04/03/2015 - 10:11 | 5955633 Falconsixone
Falconsixone's picture

Why work when the government doesn't?

Fri, 04/03/2015 - 10:14 | 5955654 ImYourHuckleberry
ImYourHuckleberry's picture

Looks as if men 55 and older are the only ones left in society that know how to do anything beside waiting for their government subsidy to be direct deposited into a checking account for use with an ATM card.

Fri, 04/03/2015 - 10:16 | 5955657 Monetas
Monetas's picture

Work until you die in the Gulag !

Fri, 04/03/2015 - 10:16 | 5955660 Seasmoke
Seasmoke's picture

In NJ the only hires. Are 52YO "retired" cops. With a $80,000 pension and a new public job for $100,000.

Fri, 04/03/2015 - 10:20 | 5955666 agstacks
agstacks's picture

"We see it as an entrepreneurial bill.  A bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations, because you will have healthcare; you don't have to be job-locked."

-Nancy Pelosi 

Fri, 04/03/2015 - 10:33 | 5955711 Oldwood
Oldwood's picture

The source of all their power is spelled D.E.P.E.N.D.E.N.C.Y

 

Fri, 04/03/2015 - 14:14 | 5956488 EBT excepted
EBT excepted's picture

yeah, ain' she cute?...I likes to rafur to Miss Pelosi ad'  "EBT Nanny", yeah dat my pet name fo' Miss Pelosi...she be lookin' out fo' d'little guys...

Fri, 04/03/2015 - 10:26 | 5955679 pakled
pakled's picture

< YES

< NO

 

Take you Social Security at 62 rather then wait for maximum payments.

Fri, 04/03/2015 - 10:44 | 5955752 surf0766
surf0766's picture

My wife is 10 years young. I will be retiring at 60

Fri, 04/03/2015 - 11:11 | 5955854 Arnold
Arnold's picture

Perv.

Fri, 04/03/2015 - 11:17 | 5955879 Oldwood
Oldwood's picture

Right there with you at 61 with a 10 year younger wife, except....she won't let me quit. I have Obama and my wife on my back!!!

But at least she is working hard towards our benefit which is quite the opposite with Obama.

Obama just tells me to be thankful he doesn't take more...and I didn't build it anyway (my business). A not so silent partner.

Fri, 04/03/2015 - 11:00 | 5955807 rejected
rejected's picture

At 66 I still haven't taken SS. I still consider myself a productive person in this mess we laughingly call a country. I don't look at SS as something I am owed,,, rather like insurance I will use it when the need arises. For those that do not think SS a form of insurance than take a gander at what FICA means. This acronym is from a different time,,, before gov started their propaganda that it is only a pay as you go scheme so they could spend the monies on the wars, MIC and ---student loans--- ......

Today gov has trashed any sense of independence by offshoring the jobs and onshoring cheap labor making most/many Americans nothing more than beggars in their own country AND pitting them against each other by race, age, gender and ethnicity.

 

Fri, 04/03/2015 - 11:07 | 5955832 GeezerGeek
GeezerGeek's picture

It depends on other conditions. If you are employed, your level of benefits may be resuced. If you are unemployed and your spouse is employed, some portion of your SS benefits may be taxable as normal income.

OTOH, if you feel that the days of SS are numbered, get what you can while it's still available.

What America really needs is another option: give me all my money back, including what my employer "contributed". Oh, and adjust it for inflation..

Fri, 04/03/2015 - 14:25 | 5956542 EBT excepted
EBT excepted's picture

'ceptin' it be oldah den 62 cuz Clinton signed a rollin' addishun to minamum d'age dapendin' on how owd you was at da-time...fo'zample, it be 62 'n 6 munths fo' me...if'n I ever woiked dat is...

dis' zample of why d'SocSec be goin' broke and $hit:

see if'n I evah did woik, n' 'nuf to get some SocSec, seeins' I gots a handicap son, n' mah wife be takin care of him full tahm, dey both ca' get 50 pahcent o' mah Soc Sec if'n i start drawin' at 62 'n 6 munths...so dat mean mah familee dubble up on d' SocSec...

 

I be nigro rich...hunned dollah beel n' a gold toof...

Fri, 04/03/2015 - 10:27 | 5955690 samsara
samsara's picture

Why don't those lazy students get off their ass and get a job and pay back their school loans Like I did.

I'm not gonna pay for those slackers to default on their loans....

/sarc

Fri, 04/03/2015 - 10:41 | 5955734 Oldwood
Oldwood's picture

/SARC...you wish.

Everyone is bitching about boomers and their cost to society while it is pretty apparent that they are still working and paying taxes, while our beloved students are coasting and partying on student loans, and given the choice would just as soon stay in school forever than be forced into getting a job and actually paying back the monies borrowed and spent. If we had people working and paying into the system, that we have all been forced to participate in, the numbers would would look significantly better than they do. We are in a hole and refuse to stop digging. We are stifled by the incomprehensible debt we face, but rather than actually stopping the creation of even more debt and getting down to the task of getting this shit off our back, we just dig in deeper and excuse it all, telling ourselves it was already fucked so we might as well get "ours". There is no better path to destruction.

Fri, 04/03/2015 - 12:16 | 5956078 samsara
samsara's picture

Oldwood,  btw, I'm probably just as old as you are.

Fri, 04/03/2015 - 14:42 | 5956614 Oldwood
Oldwood's picture

But do you feel as old as I do?

Some days....

Fri, 04/03/2015 - 14:28 | 5956558 EBT excepted
EBT excepted's picture

dat right brothah, if'n dey take on minamum 6 units in d'collage, dey nevah gots to pay any back...

Fri, 04/03/2015 - 10:32 | 5955708 thecrud
thecrud's picture

Hard to work with your pants around your knees. Even harder to hire one.

Fri, 04/03/2015 - 10:41 | 5955732 Frank N. Beans
Frank N. Beans's picture

I sense some age discrimination when I read that I am an "old man" because I'm over 55.  I'm likely in better shape than most guys half my age.  So funk you! 

Fri, 04/03/2015 - 10:44 | 5955751 rejected
rejected's picture

Go to HomeLowesDepot. What you will find are thousands of retired military. They hire these folks as they don't have to worry about benefits and wages that are already covered by papa gov. There is where many of your older workers are found. They walk around soaking up the jobs leading Americans to whatever Chinese produced widget they want.Check out the US Post Office. They'll tell you right up front you probably won't get in if your are not military retired or a relative of a retired military person like they did my wife....

This 66 year old worker is stuck in his job due to ZIRP and the inflation they say doesn't exist. And no, I am not drawing SS.... yet. As far as millennials overthrowing old fucks like me, I think people thinking like that should remember just who the real enemy is and just who is the blame. The old fucks are just trying to survive like anyone else.

Fri, 04/03/2015 - 10:45 | 5955753 Conax
Conax's picture

With the old people you get 40 years of experience from a person desperate enough to work for $10 an hour.

The kids? They're too 'special' to take those 'crummy' jobs.

Fri, 04/03/2015 - 11:12 | 5955856 Oldwood
Oldwood's picture

Completely understandable given there are many here who believe America is corrupt and see no point in participating, which has a lot of truth to it. Unfortunately the adoption of this theme pretty much ensures America's collapse, and as most have never known true hardship, actually wish collapse upon us, yet are completely unprepared for that outcome. They know not of what they wish, and if it only effected them, I would say more power to them. But that is not the reality. This collapse will create a level of destruction not seen in any modern history. The sense of entitlement, which goes far beyond government redistribution, tells these people that they should not have to struggle, to work incredibly hard, to experience a lifestyle that was mainstream 100 years ago. They truly believe there should be no struggle, that life should be as Pelosi lays out, where we are left to our own devices and desires to pursue our dreams without fear of failure, hunger or even disappointment, much less criticism. They are doomed and doom all of us.

And on top of that we have to deal with politicians trying to dominate/destroy us.

Wed, 04/08/2015 - 11:57 | 5971083 ultramaroon
ultramaroon's picture

Yep. Parasites or Saboteurs. Or both.

Fri, 04/03/2015 - 10:58 | 5955799 rsnoble
rsnoble's picture

So basically the US is just a few steps behind Greece.

Fri, 04/03/2015 - 11:00 | 5955808 foxmuldar
foxmuldar's picture

Im 67 and still working full time with overtime added. Im also collecting my SS payments and a pension from another company I worked for 28 years. This year I hope to make $80,000 combined and if my health holds up, I'll do the same for at least another year or two. I finally made it to the middle class. LOL! With Interest rates hovering near 0% I can't count on my savings alone. I do have a few mutual funds and a roth but in todays world, retiring at 62 is a pipe dream unless your a School Teacher or work for the Government. I don't have a desk job, Im a welder and I help make boilers of all sizes. Some big as a pickup truck and much heavier. At the plant I work we used to employ 26 and since the recession were down to 16. We haven't hired anyone since the layoffs and I don't see anyone being hired unless I retire. There are two others at the plant a few months older then me. I don't see them leaving anytime soon either. I don't want to be one of those 75 year olds I see now working at a counter at WallMart. Thats when Wallmart actually has a checkout or two open. 

Fri, 04/03/2015 - 16:33 | 5956933 mkkby
mkkby's picture

On the rare occasions I go to wal mart or other shit houses, if there are long lines at check out... I simply leave.  I leave my full cart where it is standing and just walk out the door.  Fuck them.  If they want my business then they can not abuse me by wasting my time.  Mabye that's why the stores are such a mess, because others like me won't stand for being treated like crap.

And, no -- I won't bag my own.  That takes away some poor person's job.  Fuck them twice.

Fri, 04/03/2015 - 11:00 | 5955809 SMC
SMC's picture

Who must do the hard things? Those who can.

In today's rapidly decaying economy, those who can consist of older workers who are punctual, provide no workplace entertainment in the form of personal drama, consistently provide high QQS (Quality, Quanity, and Spirit of Service) and have generally agreeable personalities.

Fri, 04/03/2015 - 11:03 | 5955819 foxmuldar
foxmuldar's picture

Seniority also helped bring about the current numbers. When the layoffs hit in 2008, those with less time on the job were the first to go. They just haven't been called back and never will be.

Fri, 04/03/2015 - 11:13 | 5955859 PoasterToaster
PoasterToaster's picture

Baby Boomers are whiny, entitled people that have a simple philosophy: "Gimme it, it's MIIIINE!". 

George Carlin

 

https://www.youtube.com/watch?v=pR8aFDosQBQ

Fri, 04/03/2015 - 11:33 | 5955944 stocktivity
stocktivity's picture

George Carlin was a comedian. He got paid to make people laugh. You're quoting a comedian. You need to start reading at a higher level than comic books.

Fri, 04/03/2015 - 12:57 | 5956189 Freddie
Freddie's picture

30 years ago - George Carlin was speaking the truth about how elections are rigged and pointless.  He also pointed out that Americans live in a police state run by AND for the elites.   he probably also ranted how wars aka mass murder are a business.

Wed, 04/08/2015 - 10:38 | 5970616 ultramaroon
ultramaroon's picture

Nope, PoasterToaster. There are, generally, two types of baby boomers.

 

1) The ones who spent their youth

     A. going to protest gatherings, from Viet Nam war protests to those staged today,

     B. singing about how glorious it is to "love (fuck) the one you're with",

     C. bearing bastard children named "Sunshine", "Willow", and "Gaia",

     D. Drugging themselves so often that they believe to this day that monsters are trying to eat them alive, and,

 

2) The ones who

    A. learned how to read before they went to first grade,

    B. actually know the Bible and Shakespeare,

    C. realized that "rote memorization" in school is a needful part of a good education,

    D. were given hand tools at an early age and taught to build wooden structures of which they could be proud,

    E. fish, hunt, and garden to supplement local food supplies,

    F. work as symphony orchestra musicians, policemen, teachers, iron-workers, nurses, farmers, and bus drivers because "It's not about the money.",

    G. raised families in modest, 800 square foot houses,

    H. internalized altruism, charity, courtesy, accountability, temperance, loyalty, and honesty at an early age,

    I. gave generously to the Red Cross, UNICEF, World Vision, and CARE, not to mention their local Churches,

    J. have remained married to the same spouse for from 30 to 50+ years.

 

Members of the first category have landed in insane asylums, died of AIDS, or have become college professors. The second group are still producing, giving, improving, praying, and forgiving those who say that baby boomers are to blame for all society's ills and should all die quickly.

Fri, 04/03/2015 - 11:13 | 5955861 madcows
madcows's picture

Don't mention it to JWT.  He's wholey on board with the rise being attributed to baby boomers retiring.

Fri, 04/03/2015 - 11:16 | 5955878 thisguyoverhere
thisguyoverhere's picture

I wouldn't hire most of these young entitled, endebted and snot nosed graduating brats anyway.  If its a kid with a good work ethic willing to fit, tack and get to work. YES HIRED A kid who admits he doesn't know anything but willing to put in some time at a low wage. YES HIRED.  Now that the energy sector has plumetted those opportunities are far and few between, but its the smart ones (or just prudent) that saved their money that will SURVIVE, just like those 67 year old boiler makers making good money on overtime.  Why so much money? They are SEASONED WELDERS which by definition is "a person who builds sh!T that you can't". They have forgotten much more than many will ever learn.

Fri, 04/03/2015 - 16:46 | 5956966 mkkby
mkkby's picture

There are plenty of young people ready and able to work hard.  They are in flyover red states mainly.  Small towns and rural. 

The coastal blue states are so infected with liberal/feminist/gay political bullshit, nobody has their head straight any more.  And no -- this is not a red/blue debate point.  I will never vote for another dem or repub again.

Fri, 04/03/2015 - 11:20 | 5955903 Equality 7-25-1
Equality 7-25-1's picture

I bet old guys are top of the suicide list too. Commodus is lying to you, kids. This is your future. 

Fri, 04/03/2015 - 11:45 | 5955981 q99x2
q99x2's picture

The young people are to busy to work.

Fri, 04/03/2015 - 12:06 | 5956043 Michael66
Michael66's picture

The old folks buy American products much more frequently than the young people.  The old folks deserve to be hired ahead of those who do not support the American worker.

Fri, 04/03/2015 - 16:08 | 5956842 pitz
pitz's picture

Did it ever occur to you that the young simply don't have the money to buy domestically made products because they're far more expensive than subsidized imports? 

Fri, 04/03/2015 - 12:12 | 5956068 wagthetails
wagthetails's picture

man, the global generational flip is going to be dangers (i'm on the younger side of this).  age demographics ar ethe same global.  too many boomers.  w/o meaningful growth in the world the youth are not getting employed.  at the same time advances in medicine and health are keep people working longer.  But when they do finally age out there is going to be a massive amount or responsibility going to the youth...who have not been trained or mentored.  really it isn't anyone's fault, we are all jut a victim of circumstances here.  The next 20 years will be very volatile with all this young, untrained blood in control.  we'll be fine, but our learning curve is starting much too late. 

Fri, 04/03/2015 - 14:58 | 5956670 Oldwood
Oldwood's picture

What is it that young people want to do...I mean work wise? Do they want to build furniture or houses? Do they want to do landscape work or heavy machine operations? Do they actually want to DO something? Anything? Besides play?

I don't think so.

I think they want a desk, a computer to keep up with facebook, lots of vacation and benefits, and very little responsibility.

They want an education that spoon feeds them the shit they can crap back out on a multiple choice test on command, and an employment recruiter just waiting to snatch them up for a $100k entry level position.

They are going to be very disappointed.

It's not going to cut it.

Ultimately what we get paid for is taking responsibility. Corporations are built upon a bureaucracy that takes that responsibility and buries it under layers of opaque shit, all while claiming to be the paragon of accountability. Small business knows better. Nothing to hide behind. Corporations profit from their scale and ability to suffocate their competition, not out work or out innovate, simply suffocate them. As such, their need for hard working innovators is severely limited but these will be the only positions left once automation takes full control, displacing the mindless drones. The ability to think has ALWAYS been our only real asset, and if we fail to use it, if we simply shit it all away, we will have nothing at all.

Fri, 04/03/2015 - 12:19 | 5956088 Yen Cross
Yen Cross's picture

 Brokeback Amerika... I can't quit yaa.

Fri, 04/03/2015 - 16:31 | 5956928 FrankDieter
FrankDieter's picture

How much to stick my dick up your ass ?

Fri, 04/03/2015 - 12:23 | 5956100 jughead
jughead's picture

"The reason is two-fold: with savings rates at zero, Americans who were on the verge of retiring found that the fruit of their labor was worth nothing under ZIRP (and may well be punished under the upcoming NIRP) as their savings (and fixed income investments) generate zero interest income, while young Americans would rather stay in college by the millions funded generously by trillions in Uncle Sam student loans."

Correction, the reason is three-fold: People over 55 are the only generation left that is willing to do the work to find a job...and know how to go about doing so. 

Fri, 04/03/2015 - 13:55 | 5956419 pitz
pitz's picture

Or maybe the younger crowd is smart enough to realize that giving up their lives for minimum amounts of fiat that has no enduring and lasting long-term value is an incredibly poor proposition. 

 

Fri, 04/03/2015 - 15:02 | 5956681 Oldwood
Oldwood's picture

Very possible, and if so, the end of our economy and society as we know it.

Fri, 04/03/2015 - 12:27 | 5956123 Smegley Wanxalot
Smegley Wanxalot's picture

What I take from this is that businesses know hiring older people who don't give a shit about facebooking and tweeting all day is more productive than hiring younger people who think facebooking and tweeting all day is what they are paid to do.

Fri, 04/03/2015 - 13:25 | 5956293 snblitz
snblitz's picture

Me and my fellow over 55ers will solve all the problems if you do not
destroy us first.

Unlimited clean energy has been available since 1970.

We have all the food you need currently.

Robotics over the next 10 to 20 years will eliminate your need to find a job. (Welfare has already eliminated it, but won't last)

In other words, food, shelter, and energy can be had by all for free.

We still need to leverage some of the old guys to get us the last little
bit of the way there.

Fri, 04/03/2015 - 15:12 | 5956706 Oldwood
Oldwood's picture

Sounds great!

Unfortunately, unless we each OWN those sources of wealth, for that is what energy, food and shelter are, we will be slaves, absolutely dependent upon the generous hand of whoever does OWN us. I don't see how that could go terribly wrong...

Think back...American slaves didn't have to worry about food and shelter or staying warm in winter, all they had to do was do EXACTLY as the MASTER said. And there were many slave owners of the time that said this publicly...that they were the heroes in this as they and only they were caring for these people that they were weak and dependent, and how it would be cruel to set them free to fend for themselves. They castigated the North, for industrialists did none of that. Employees were left to their own devises to find shelter and food with NO guarantee of employment.

The wheel just keeps on turning. Slaves at last, slaves at last! Thank God we are slaves at last!

Fri, 04/03/2015 - 13:53 | 5956408 pitz
pitz's picture

The numbers are even worse than they look because a good chunk of those 'younger' workers are on H-1B, L-1, etc. visas, rather than being US citizen hires. 

Fri, 04/03/2015 - 16:22 | 5956900 Joe Wazzzz
Joe Wazzzz's picture

This should be no surprise. Older employees are either retired or need a job. They are respectful and they show up for work. They are skilled or learn quickly from past experience. They will work for less just to have something to do that will get them out of the house and away from the missus for a while.

Young people call you by your first name, have every excuse in the book to take off from work, don't know how to do anything. Not all of them for sure but enough to discourage you from taking the time to sort them out.

Fri, 04/03/2015 - 20:59 | 5957723 Seek_Truth
Seek_Truth's picture

" Young people call you by your first name"

And that's a bad thing?

What do you wanna be called by?

Lord?

Fri, 04/03/2015 - 16:47 | 5956964 are we there yet
are we there yet's picture

Employers are not stupid. Employers found that old white guys have a better work ethic then the younger less white work Facebook crowd. Sorry for the political incorrectness, but successful employers respond to reality.

Fri, 04/03/2015 - 20:52 | 5957709 ednraleigh
ednraleigh's picture

It is a good thing 55 and over are getting jobs...since so many younger people depend on their support. 

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