If you want to work, it's your education not your age

[santafe2]

I reviewed a Fed briefing this evening and it reminded me that at this point it is not even information, it’s simply a truism; technology is changing the world faster now than at any previous time and that rate of change continues to increase. In the US, with regard to non-manual employment, those who are unwilling or unable to upgrade their skillset are left behind.

From this report, it seems clear to me that age is not the deciding factor.

This Fed briefing compared the ratio of short term unemployment to long term unemployment in the 2006-2007 period with the same ratio in the latest available period, 2012-2013. We’ve all heard media reports on the hardships felt in the US by the 50+ age group but this breakdown by age does not bear that out. What it shows is that the 65+ group is getting crushed but the 50-64 group is managing the transition better than any other cohort.

The chart with my notes is here:



The report can be found here:

https://research.stlouisfed.org/publ...eat-recession/

For reference, here’s the unemployment broken down by level of education. Clearly education matters.

[lektrode]

Re: If you want to work, it's your education not your age

I reviewed a Fed briefing this evening and it reminded me that at this point it is not even information, it’s simply a truism; technology is changing the world faster now than at any previous time and that rate of change continues to increase. In the US, with regard to non-manual employment, those who are unwilling or unable to upgrade their skillset are left behind.

From this report, it seems clear to me that age is not the deciding factor.....

eye call BULLSHIT...

for the same reasons/causes of the .com bubble/crash -
along with the real estate bubble/crash,

and the impending .gov debt-bomb bubble and soon to be KA-RASH.

even as the FIre brigade has systematically eliminated the bulk of the skilled-labor/construction and manufacturing jobs - that CREATED THE MIDDLE CLASS in first phreakin place

its the .gov pouring TRILLIONS into 'education' while simultaneously

1 - obummahcare has CRUSHED THE JOB MARKET -
which is manifested-by/infested the economy with RAMPANT AGE DISCRIMINATION (since its now simply too expensive to hire anybody over 50, unless we want to work for peanuts)

2 - the 'education for educations sake' .edu-industrial complex propaganda machine has - TA DA!!!!
FLOODED THE LABOR MARKET WITH USELESS DEGREES
(defined primarily as: anything with 'studies' in the title major)

and pretty soon, one will require a masters degree (in some sort of 'studies') to get one of the 'new economy' $15/hour minimum wage jobs...

eye can see it now: $50 thousand dollar degrees - financed by .gov loans, of course -
in 'retail studies' and 'fast food technologies' with specialty focus on stuff such as:
'food-server studies', 'day-care studies', 'ethno-cultural diversity MBA's'

oh... and yeah... dont fergit 'gender diversity studies'.

meanwhile we've got a whole generation of people - who've 'majored in self-esteeem' - coming into their 'prime earning years' who couldnt screw in a lightbulb without watching a youtube 'self-help' video on their 'smart phones' - never mind fix or build anything.

what a crock...