Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Gailon Arthur Joy]

I found these numbers so profound and the message so critical that I have replicated it here for your personal consumption:

“There are not many, even among educators and statesmen, who
comprehend the causes that underlie the present state of society.
Those who hold the reins of government are not able to solve the
problem of moral corruption, poverty, pauperism, and increasing crime.
They are struggling in vain to place business operations on a more
secure basis. If men would give more heed to the teaching of God's
word, they would find a solution of the problems that perplex them.”
Testimonies, vol. 9, 13.

Several months back we studied the new [economic]“balloon,” that may actually
affect more people than the “housing bubble.” Youth unemployment in
the USA is 17.1%. If you are in Europe the problem is even more
pronounced. The basket case that is Greece has youth unemployment of
58%, and Spain is close at 55%. Portugal is at 36% and in Italy it’s 35%. France is over 25%.


Is this just a cyclical symptom of the credit crisis? Much of it
clearly is, but it seems there is something deeper at work here, an
underlying tectonic shift in the foundation of employment.


And that means that before we see a true recovery in the unemployment
rate, there must be a shift in how we think about work and training
for the future of employment and our Growing Balloon!


Let’s look at a few facts put forth by the Young Entrepreneur Council
from their list of 43:
cwww.ritholtz.com/blog/2012/11/where-will-the-jobs-come-from-3/
* 1 out of 2 college grads  – about 1.5 million, or about 53.6
percent, of bachelor’s degree holders age 25 or younger  – were
unemployed or underemployed in 2012
(http://email.mauldineconomics.com/wf/click?upn=JfrWzgrhY2kUHtSdCbvpwhplqZhDtflgW5TOhQkUBln5OebGUoxAYgFFJ7lF-2BsigElIQVp305luH66LeiINjU0DYxnTJzp5Y7-2BsCqrpjVnscC3stX3dT20elQhChTSwhSdYITjQKBgLm9Xoy4zihXWCrZwc-2Bb7oV-2BGd3HHm40rId21zld5DGfH-2FE7E6qH31P_aWDIlLU8GHIzAwNDuKucrFpH6M-2BVM9EzFKiheiTOrrEGx85FqjGK6nMBQ3pINe53MFjyfeVGrEH6TZ6IyAQHTYyOaFzCQArQo2xvnpzHP09IhNElARAWm5-2FcEouMsGH9-2Bkejycqb0Gq3Hy075oeWV0lLztHqVpPSlCw-2FDWPSDSPbrK0e55Qh-2BdjAEWC59WUaPnmMWgtXWJ2MvckXmOLepA-3D-3D).

* For high school grads (age 17-20), the unemployment rate was 31.1
percent from April 2011-March 2012; underemployment was 54 percent
(http://email.mauldineconomics.com/wf/click?upn=U8GusXYvzQrI-2BTfpBInOiyyi1w5QkqR2rGm30bvK-2BA519BX6G1NUSE1HOe0H7LqpuisYSniuoAbgVLUfJ729wzrQDSQsfiY78QoXvdHXpRI-3D_aWDIlLU8GHIzAwNDuKucrFpH6M-2BVM9EzFKiheiTOrrEGx85FqjGK6nMBQ3pINe53MFjyfeVGrEH6TZ6IyAQHTVeZOeSO4-2FZ20-2BH-2FTuNOERU2NStqAfOjrLbgGyJh78pHCdl3tKeVsPxKlEmpHuHree8Tzw6MagMIMhdD34vG4lGhLA-2BX4cBStyfE8Ge2yHiwSXdzP4BoB5bdMxQXBrxChQ-3D-3D)
.
* For young college grads (age 21-24), unemployment was 9.4 percent
last year, while underemployment was 19.1 percent.
(http://email.mauldineconomics.com/wf/click?upn=U8GusXYvzQrI-2BTfpBInOiyyi1w5QkqR2rGm30bvK-2BA519BX6G1NUSE1HOe0H7LqpuisYSniuoAbgVLUfJ729wzrQDSQsfiY78QoXvdHXpRI-3D_aWDIlLU8GHIzAwNDuKucrFpH6M-2BVM9EzFKiheiTOrrEGx85FqjGK6nMBQ3pINe53MFjyfeVGrEH6TZ6IyAQHTQ1LsWTrrxiejgdR0E-2Fy9DE76sM4snPyklX0Lrw-2F7uyOvhOWK9VGHV2V01fjQeh6zMD6GTMlYvoi8S8-2F82h3hXO8c9m4I-2B9WKCZbKFM9sEt3-2Bi4hZrLihq7HT0hCPfPhRA-3D-3D)
* According to some researchers, up to 95 percent of job positions
lost occurred in low-tech, middle-income jobs
(http://email.mauldineconomics.com/wf/click?upn=JfrWzgrhY2kUHtSdCbvpwhplqZhDtflgW5TOhQkUBln5OebGUoxAYgFFJ7lF-2BsigElIQVp305luH66LeiINjU0DYxnTJzp5Y7-2BsCqrpjVnscC3stX3dT20elQhChTSwhSdYITjQKBgLm9Xoy4zihXWCrZwc-2Bb7oV-2BGd3HHm40rId21zld5DGfH-2FE7E6qH31P_aWDIlLU8GHIzAwNDuKucrFpH6M-2BVM9EzFKiheiTOrrEGx85FqjGK6nMBQ3pINe53MFjyfeVGrEH6TZ6IyAQHTaYlPmJLy4XbZhluSixzGJfB2zht6OPYDPDHOn57hJjiqrGbF9X-2FLVqlnLpZQ8W1Fxl1mr5cDKfJGTnpCIss34Ow2TCTP562OEL-2FmFcseo5KCk1UzgM-2BYlaL9V5HDDdpqQ-3D-3D)
like bank tellers. Gains in jobs are going to workers at the top or
the bottom, not in the middle.
* More college graduates are getting low-level jobs
(http://email.mauldineconomics.com/wf/click?upn=JfrWzgrhY2kUHtSdCbvpwhplqZhDtflgW5TOhQkUBln5OebGUoxAYgFFJ7lF-2BsigElIQVp305luH66LeiINjU0DYxnTJzp5Y7-2BsCqrpjVnscC3stX3dT20elQhChTSwhSdYITjQKBgLm9Xoy4zihXWCrZwc-2Bb7oV-2BGd3HHm40rId21zld5DGfH-2FE7E6qH31P_aWDIlLU8GHIzAwNDuKucrFpH6M-2BVM9EzFKiheiTOrrEGx85FqjGK6nMBQ3pINe53MFjyfeVGrEH6TZ6IyAQHTWXcZ4xPo4QO58PvK06JjgjxfqsSgWl7DUWfMk4L7YNOzMvwJQ5SvIPT5XbzdiSN0cxjTC3MuQKdCkJCyTxVJjtV7RiFGy0CmY-2Bt7Yyi-2FPqFvSCCpsh5Ydbib9Ynm02E4Q-3D-3D)
, period. U.S. bachelor’s degree holders are more likely to wait
tables, tend bar or become food-service helpers than to be employed as
engineers, physicists, chemists or mathematicians combined --100,000
versus 90,000.
* According to new U.S. Government projections, only three of the 30
occupations with the largest projected number of job openings in the
next eight years will require a bachelor’s degree or higher. Most job
openings by 2020 will be in low-wage professions
(http://email.mauldineconomics.com/wf/click?upn=JfrWzgrhY2kUHtSdCbvpwhplqZhDtflgW5TOhQkUBln5OebGUoxAYgFFJ7lF-2BsigElIQVp305luH66LeiINjU0DYxnTJzp5Y7-2BsCqrpjVnscC3stX3dT20elQhChTSwhSdYITjQKBgLm9Xoy4zihXWCrZwc-2Bb7oV-2BGd3HHm40rId21zld5DGfH-2FE7E6qH31P_aWDIlLU8GHIzAwNDuKucrFpH6M-2BVM9EzFKiheiTOrrEGx85FqjGK6nMBQ3pINe53MFjyfeVGrEH6TZ6IyAQHTeUDjmmHDSvnzCzyCbnpBzxY35gApjyNFDCFbDPNZN43bPICWZt4ZA3Yton9qO3a87EtrlneILqXbrkgqzfdJtFviYwV3Su-2FMF05t-2BmzK26UMsNeRf-2FqTWdXcQqguax4Og-3D-3D)
like retail sales, fast food and truck driving.

While there may not be a bubble in academia, there is definitely a
growing debt bubble in student loans. More than 1/3 of young Americans
of college age went back to school because of the economy, and in
doing so have contributed to the $1 trillion in student loans. People
are clearly going back to school and taking out loans as a way to make
ends meet.

But, the average college graduate is $25,000 in debt. DEFAULT RATES
ARE UP 31% IN THE LAST TWO YEARS. Student loans are relatively easy to
get. They are like the old NINJA subprime mortgage loans available
toward the end of the housing bubble: “No income, no job, no assets.”
And they are just as likely to end up in default as subprime
borrowers. But Congress recently passed new bankruptcy laws, and
unlike housing loans, student loans cannot be discharged in a
bankruptcy. Further, the law of compound interest means that
borrowers, mostly young, will be paying back this debt for many, many
years.

We have told our children that education is their ticket to a better
life. And the data still shows that there is a clear advantage to
having a college degree. But our recent experience suggests that not
all college degrees are created equal.

Facts are that we have three million open jobs around the country but
with 8 percent unemployment! Yep, we’re in the midst of a perfect
storm that mixes a Great Recession that has caused a sharp increase in
unemployment and a Great Merger of the information technology
revolution with globalization that is simultaneously wiping out many
decent-wage, middle-skilled jobs--which were the foundation of our
middle class. Every decent-paying job today takes more skill and more
education, but too many Americans aren’t ready. This problem will
still be there, even after the “fiscal cliff” is fixed, if ever!
www.nytimes.com/2012/11/18/.../Friedman-You-Got-the-Skills.html

To prove the point, fewer and fewer manufacturing jobs are available
today--down almost 40% from the peak in 1978 and back to roughly where
they were during World War II!

Yet the number of manufacturing employees doesn’t tell the whole
story. The USA is still the number one manufacturing country in the
world. We are an export powerhouse.
www.cbn.com/.../2011/.../US-Manufacturing-Remains-No-1-in-Worl...
Indeed, the growth of exports in the last 20 years has been nothing
short of phenomenal. Exports have doubled and then doubled again.
Total manufacturing in the US has almost come back to where it was
prior to the Great Recession. Productivity in the last 20 years is up
over 50%. We are producing as much as or more than we did in the past
but with far fewer people.

Such is the scary reality: The jobs are there for only those who have
taken the right courses in school—not necessarily those that their
parents took, or courses that they may “like” the most. And take out
loans that are meant to be paid back. Most schools have job
counselors—they should be a student's first line of offense as they
face a very unforgiving future!

R&H, Aug. 5, 1902: "Those who place themselves under God's control, to
be led and guided by Him, will CATCH THE STEADY TREND OF EVENTS
ordained by Him to take place.” To see previous Red Alerts, go to
www.eredalert.com (http://www.eredalert.com/) Get a copy of Red Alert
(PPPA) today by calling:  1-800-400-1844.

Herbie Douglas

[christian]

 No one is changed or motivated for truth through fear, especially when there is no real possibility of reward