Followers

Monday, November 30, 2009

34.5 Percent Of Young African American Men Are Unemployed.

Are you in a storm today? If not most likely you are headed for one or coming out of one...I pray that the Lord or Lord and the King of Kings be with our young people! When I look at the storm of unemployment that our young people are facing at this hour it's troubling and scary...Especially if they have not been train or taught how to ride out life storms...Unemployment among young people is particularly troubling, because the consequences can be long-lasting.... This might be the first generation that does not keep up with its parents' standard of living... Jobless teens are more likely to be jobless twenty-somethings... Once forced onto the sidelines, they likely will not catch up financially for many years... That is the case even for young people of all ethnic groups who graduate from college.

Lisa B. Kahn, an economics professor at Yale University who studied graduates during recessions in the 1980s, determined that the young workers hired during a down economy generally start off with lower wages than they otherwise would have and don't recover for at least a decade..."In your first job, you're accumulating skills on how to do the job, learning by doing and getting training. If you graduate in a recession, you're in a [lesser] job, wasting your time," she said. "Once you switch into the job you should be in, you don't have the skills for that job."I think it's going to be extremely hard for this generation!

Related Posts Plugin for WordPress, Blogger...