I don’t want to gloomy and doomy–if nothing else, a bad economy is more likely to lead to a Romney election. But, as I’ve written once or twice, people have to like this crap. And this doesn’t seem too likeable:
If I’m not mistaken, this is a demographic that Democrats are counting on–in particular, women. And then there’s this cheery story (boldface mine):
Some depressing facts: Nearly half of people ages 16 to 29 do not have a job. A quarter of those who do work in hospitality—travel, leisure, and, of course, food service. A study of 4 million Facebook profiles found that, after the military, the top four employers listed by twentysomethings were Walmart, Starbucks, Target, and Best Buy. The restaurant industry in particular is booming; one in 10 employed Americans now work in food service—9.6 million of us.
Maybe someone should do something about this.
mikethemadbiologist
This is part and parcel of the global race to the bottom for America. I don’t see where it will stop, and for that I am very sorry. I apologize to my kids (age 30, 28 and 20). I seriously don’t know if it will stop when our lifestyle resembles a second or third world country’s.
I have to take issue with this. The only reason that the average wage is that high (and yes $11.68 and $9.92 is high these days for entry-level, 19-25) is because of that 19-25 group I’m betting quite a few have college degrees and are pulling the average higher. To be honest, the most accurate way to find out the average entry-level wage for 19-25 year old’s would probably be to look up the minimum wage in each state and that will be your answer. Or maybe I’m being too dramatic. Add a quarter to their minimum wage and that will be your average.
This is for people with high school degrees, but not college, although college graduates show the same pattern.