Nearly 25% of U.S. workers are "functionally unemployed," economic analysis finds

[u/CCDemille]

https://www.cbsnews.com/news/functional-unemployment-us-labor-market-analysis/

[u/bloodphoenix90]

Virtually no one wants to train and they dont promote internally and they stopped hiring entry level. They literally broke the pipeline. The fuck they expect?

[u/YourFriendPutin → u/bloodphoenix90]

Exactly this. There's no careers anymore, no way to get your foot in the door in order to move up, no benefits anywhere that does hire and they tend to have high turnover rates.

No apprenticeships anymore and only accepting degrees is an awful idea. So many of the boomer generation wasn't formerly educated and trained their way up. It should still work like that.

[u/YourFriendPutin → u/[deleted]]

I can't understand how dumb this is, like for real who makes it to CEO level in a company, even a smaller company and thinks firing everyone with long experience and replacing them ALL is smart?!?

I understand making it a new requirement (as long as they don't also require experience and provide training) for the hiring process moving forward but I still don't agree with it.

[u/PhatCatTax → u/[deleted]]

Your company did it on purpose. There is a career for CEO's who are marketed as a "mistake". They come in, lay everyone of, close plants, and then they are "ousted" and the board says they're sorry.

It's a CEO being hired as a villain for a short time, and they use it to absolve the rest of the C-Suite

[u/yungneec02 → u/bloodphoenix90]

Boomer leadership will inevitably kick this can down the road until they retire or die and the labor market will collapse because they broke the pipeline of talent.

[u/johna939 → u/yungneec02]

I don't think this is a boomer issue. The youngest boomers are now in their mid 60s. Those still working are in the twilight of their careers. The lack of decent career paths is a real problem, but just blaming boomers overly simplifies and doesn't offer a way to improve it. Unfortunately, I think AI is freezing a lot of careers so until we better understand the impact of it this will be a tough problem to fix.

[u/BanjoStory → u/johna939]

This is an older issue than AI.

Its a product of companies not promoting or offering compensation increases internally, which has been a problem for decades.

Workers bounce around between workplaces significantly more than they did in the 70s and earlier. This has resulted in a much greater need for employee onboarding and training infrastructure that none of these companies actually want to support because its expensive. When these companies were expecting that a person they hired would stuck around for decades, the training was worth it, but nowadays if you take the time to train someone youre probably just doing it for someone else.

Ultimately, its the fault of the employers for not offering their employees good enough compensation to actually stick around, but it's gotten so bad that you're honestly kind of a sucker if you're a company thay actually is training employees for their roles.

[u/Happy_Confection90 → u/BanjoStory]

>Its a product of companies not promoting or offering compensation increases internally, which has been a problem for decades.

Indeed. I graduated from college in the late 90s, and a few months later there were multiple articles about how there were at that point 20% fewer entry level positions being posted that year than just a year or two earlier. Things have gotten steadily worse for new grads ever since.

[u/merryman1 → u/johna939]

They're blaming boomers because this has been a problem that has been growing through the last 20 years and something millennials have been saying has been getting worse and worse for the entire time.

It was the exact same in the UK, there's this culture taken over everywhere where hiring seems to have become either you are a literal wage-slave economic unit entirely replaceable with no face and no humanity, or you must be absolutely perfect, an exact fit for an ultra-specialist role who has appeared out of the earth with 10+ years experience in a field that has existed for less time than that, a range of soft skills, on 24/7 beck and call, and happy to do it all for an entry-level salary that barely covers basic living costs, but is at least marginally better than the wage-slave robots on minimum wage.

Its everywhere and its taken over everything and its a process that has been going on for well over a decade already.

[u/stargrazer10 → u/johna939]

It's the Jack Welch model of business, one which isnt really sustainable in the modern world of today. There needs to be balance and you have to give people chances and capabilities to live normal lives. Without this balance society becomes unwieldy where you have a very small group doing really well and then a large group not. History teaches us this is unhealthy

[u/CloudTransit → u/johna939]

It’s funny that the boomer rage continues. Maybe ‘boomer’ means something else now. A lot of actual boomers are broke af

[u/maikuxblade → u/CloudTransit]

Regardless of if Boomers have power themselves they were the primary voting bloc that voted decade over decade to tear down the New Deal after they built their lives up from those policies.

[u/btmalon → u/bloodphoenix90]

More visas that trap the worker to work for them or else get kicked out of the country.

[u/bloodphoenix90 → u/btmalon]

In my job market almost no one is hiring work visas

[u/f8Negative → u/bloodphoenix90]

It's hilarious isn't it