Big Jobs Gain in November … Really?

The media and the White House are having a field day celebrating the great news of the recent employment numbers… 321,000 new jobs added in November and a steady low unemployment rate of 5.8%.

The news also continues to dominate all of the first 10 pages of Google (I didn’t look beyond 10 pages).

Truly that is good news for 321,000 people who were looking for work, and I am happy for them.

But, here’s a group that can’t be all that thrilled about the current employment situation—the millennials (18 to 34 years of age).

Here’s why:

A recent survey by the U.S. Census Bureau shows that the millennials are much worse off today than the same age group over the prior three decades, as follows:

  • Only 65% of millennials currently have a job.
  • Close to 20% of them live in poverty.
  • Millennials with jobs earned an average $33,883 a year between 2009 and 2013—compared to $35,845 for the same age group back in 1980 (current dollar adjustment).
  • Over 30% of all millennials live at home, mainly because they can’t find a job.
  • Only about 2% of this age group (18 to 34) are veterans. In 1980 veterans comprised about 10% of this age group.

From the above, it appears that even though this generation has more education, are more diverse, and many of them speak multiple languages… they are having a tough time making their economic way in the U.S.

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Now, before you write me off as some kind of eeyore—Consider This!

Of the 535 lawmakers in Washington, over 50% of them are millionaires—excluding real estate holdings such as their homes… while only around 5% of their constituents are millionaires—including their homes.

In addition, our lawmakers annual salaries are $174,000 (plus perks and benefits), while the per capita annual income in 2012 was $28,051 (with no perks and few benefits).

 

So, here’s what I think: Our lawmakers and policy creators at all levels of government are totally out of touch with the people they are supposed to represent and serve.

Furthermore, I think it’s time to make our voices heard in Washington—not through riots and property damage to our neighbors, but through communication and the voter’s ballot. Somehow, our voices need to rise above the big money lobbyists and campaign contributors.

If we are going to have an actual sustained growth in our economy where everyone (who wants one) has a job—or better yet—an opportunity to start a business of their own—there must be change.

There needs to be some major changes in our representative government so we the people are being represented… instead of just the lobbyists and campaign contributors.

O.K., that’s what I think, now, what do you think? Are our lawmakers too out of touch with the real world to make the U.S. a better place for our younger generations (all of us for that matter)… or am I just being an eeyore, and everything will likely turn our fine for everyone anyway?

How do you feel about it?

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2 thoughts on “Big Jobs Gain in November … Really?

  1. I’ve been saying this for years. The problem is, we have NO representation because the system is rigged. You can’t even run for office unless you have a lot of money behind you. Now that corporations are people, you need to be backed by one to even get on the ballot.

    Voting is no longer the answer when the failed experiment of a Democracy has devolved into an oligarchy.

    Sadly though, our society is already broken to the point where peoples’ misdirected anger tends to preclude organized civil disobedience and peaceful protest. Others have given into apathy and focus on shopping and consumerism rather than the humanistic issues around them.

    So apparently the plan is working; keep them distracted, yet powerless… give them only the choices you offer them and nothing more… keep them needing you to justify your position of power… give them the illusion of choice and freedom by allowing them to continue to keep giving you money for “protection” with militarized police to keep them in-line.

    Now I sound like the real Eeyore here… but I can’t let their lies keep me up at night. I’ve got more “stuff” to buy!

    1. Thanks for the comment Jeff. Yes, unfortunately, it does take a lot of money to get into big time politics. Back in 2008 when Al Franken broke into the political arena he spent over $21 Million to get his Senate seat. I’m sure Mitch McConnel and other tight races spent much more than that this past election (not to mention what the losers spent).

      It is sad that more people don’t’ vote, especially on local elections, because these are the “minors” where politicians begin their careers. If we paid more attention to the small local elections maybe we could early on sort out those undesirables who are only interested in creating their own power.

      Alexis de Tocqueville said in one of his writings, “… the American system of democracy will prevail until that moment when the politicians discover that they can bribe the electorate with their own money.”

      Obviously, we passed that moment a long time ago.

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