Tag Archives: youth

(938) US student debt racket

jailWithin the vast net of financial scams and debt-based swindles that compose much of the source code underlying modern American life is an education-related indenture of $1.3 trillion.  This generational thrashing is the stuff of revolutions, surely.  Is there not a single history degree out there in the hands of the direly mortgaged young Americans?  Education was supposed to be one of the things motorizing the new economy.
Wasn’t it?
Stop paying your student loans and debt collectors can send US Marshalls to arrest you
boingboing.net
The feds are now arresting people for not paying their student loans
vice.com

(915) Apres 1976: generational lockdown

UBCAt what point does a society consciously decide to move off of a real estate bubble?  Can we even think of doing so?  Recent data from a University of British Columbia professor reveals the standpoint of Canada’s youth in regard to the “benefits” of home ownership.  A sample: it would take 23 years for a young person in Vancouver to save the downpayment on a typical mortgage from a typical wage.
Young people have it tougher than parents: UBC prof
bc.ctvnews.ca (video 1:40)

(708) Younger workers

payroll insertsWhen the business press comes up with something other than “rah rah markets”, or a profile of the latest over-achiever, we tend to notice.  This short item about younger workers is a nice example.

Millennials’ job plight is more complex than simple unemployment. Even young people with jobs still grapple with low wage growth, job insecurity, high debt loads and more  canadianbusiness.com

For more on this:

Government had warning about foreign workers and youth unemployment.
Five of the top six industries that employ youth are among top half of industries bringing in temporary foreign workers, internal documents show thestar.com

Artists have been practicing under austerity and precarity for centuries.  So…

Hey! Let the kid become an artist
rabble.ca

image: vintage payroll inserts Kevin Doolley/Flickr

(644) Canada’s elites

PolozyJian Ghomeshi gives us a glimpse into the character and psychology of Canada’s elites. Enough to make us shudder.  Now Stephen Poloz adds something to the profile.  Poloz is a $400k-a-year central banker who suggests serfdom to his country’s young people as they face record unemployment.  With these shallow, narcissistic and glib role models oozing an odd admixture of indifference and authoritarianism what are the youth to make of their elders?  The same elders soon to be at the pension counter.

Bank of Canada governor tells jobless youth ‘living in folks’ basements’ to work for free Hamilton Spectator

(502) Business ed and your overqualified future

Dorian-ElectraIf you’ve spent any time near Canadian universities since the late 1980s you’ll have noticed how so many of them have come to host major business schools.  Business education has also spread to the community colleges in a big way, too.  That makes careful consideration of a new report from Statistics Canada well advised.  It appears that business education is pretty commonplace among younger workers having difficulty with employment.  That’s gotta be a sore proposition.  All that faith in markets and money …and then no job.  All those seats in classes in fancy business schools and all that tuition …and then some crap job.

Overqualification among recent university graduates in Canada
Statistics Canada – Insights on Canadian Society, April 2014. 13-page .pdf file.
See Table 3 on page 8 in particular.

image: artist Dorian Electra at the chalkboard via Wikimedia Commons