Interesting article on unemployment

[wmw999 2,588]

Here.

I read it in the local paper; it's originally an AP story.

All that networking and contacts -- ya know, I'll bet that rich people have better contacts than poor people do.

Folks it's not that poor people don't have any chance at all. It's just that it's a whole lot harder to get richer when you start poor than when you start rich, or even middle class.

Does that mean that the gummint has to "do something" about it? No, but it's still true, and it's disingenuous to say that everyone has the same chance. You can get there, but just as there are fewer IT jobs for people who dropped out of high school than who finished college, there are fewer jobs for people whose parents are maids than those whose parents have money and might be customers some day.

Wendy P.

There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

[kelpdiver 2]

wmw999

Here.

I look at this and I'm not sure it's more than just a tautology. Of course the unemployed aren't going to have a household income of 150k! And if you are making that sort of money, you almost certainly have a job. We know that the unemployed of this era take longer to find work than the historic norms, so if you're only looking at the first 7 months of 2013, it's not surprising to me.

To verify the significance, I'd rather see polling of the households and ask "have you been involuntarily out of work for more than 3 months in the past 5 years? More than 12? See how the income cohorts report on there.

I was in the right places for the 2008- period - big big financial companies. A bit of semi involuntary time off (refused to move to Delaware) when my company was acquired, but still good money that year. But in 2001, I was working for startups, and spent a long long time not working.

Quote

Does that mean that the gummint has to "do something" about it? No, but it's still true, and it's disingenuous to say that everyone has the same chance. You can get there, but just as there are fewer IT jobs for people who dropped out of high school than who finished college,

If you dropped out of high school, esp in this age, you're a fucking idiot and you don't deserve the same chance. But wrt IT work, there's little penalty for not finishing college; only Fortune 100 companies might care. Do you have meaningful experience, and preferably someone we know that will vouch for you?