As I browsed the internet looking for something to blog about I kept coming across sites that claim that while new jobs are being created, they are low-paying jobs that really won’t help the economy.  However, several of my friends have graduated from college within the last year or so and been looking for jobs.  Contrary to these disturbing claims, the friends who graduated in 2003 had a very difficult time finding jobs, while my friends who recently graduated in 2004 found it to be noticeably easier. So my question is this…are my friends the exception to the rule or are there really more jobs out there?


Lizzie said...

Aha…finally something that goes along with what I have been seeing firsthand. This article says, “employment has recently increased by more than 1 million in categories that on average paid above the median earnings...” I knew it…(maybe somebody should tell Kerry).

(There isn’t an option to link for comments so the article can be found at http://www.factcheck.org/article.aspx?docID=208#)

C-Dizzle said...

Are some low paying jobs necessarily bad for the economy? I know a few people who would be willing to take these low paying jobs.

I think that it’s easier or harder to look for jobs depending on where you’re looking. Just recently I was looking for a job in Orem, UT. What a joke! Most entry level jobs there seem to be broken up into part time positions because of the huge college student population. I turned in about 20 applications where only about 3 of them actually developed into possibilities.

In Las Vegas however, there’s a lot of difference. The student population isn’t anywhere near Orem, Provo, or Cedar and the jobs are plentiful. I could walk on to an entry level lifeguarding position at a casino making 9 bucks and hour plus tips. Granted, the cost of living is a little higher but the good paying job to cost of living ratio is still better in Vegas.

I think that finding a decent paying job is relative to where you’re looking.

kamm said...

One of the reasons it is still hard for some people to find jobs these days is because the market is getting so much more competative. These days you are expected to have a college diploma, whereas 20 or 30 years ago it was not quite as important. We also expect to make more money now even if we do not posses an special or extraordinary skills. If you want your income to be above the median level then you have to get a better education or have some special skills.

I agree that there are plenty of jobs out there, somtimes people just aren't willing to do them for the specific price that is being offered. If you can find a job that pays above the median level, then you are in the top 50% of all americans. I think some people still hold out though, and claim that there are not enough jobs.

Boris said...

Job hunting is not an easy task these days. I think one of the main problems we have is that people aren't willing to create their own jobs anymore. In my eyes, business creativity has declined quite a bit in the past few decades.

It used to be that if a person wanted a job, he or she would develop a skill and begin to market that skill to the public using their own means and efforts. Today it seems that most people aren't willing to take the initiative or risk of starting something new. It's a lot easier to look for an employer that has already put forth the effort and taken the risks of starting a business. Not only does this make jobs scarcer, but it sends a high percentage of the profits people create up the ladders of the business world, not down into the workers’ pockets.

I think our lack in high paying jobs today is directly related to our lack of initiative and creativity.

Senator Miller said...

I agree with skip. Where do people look when they go for a job? The classifieds. The thought of starting their own business may not even cross their mind. I agree that the market out there is pretty ruthless with large corporations and low prices though. While it may be a formidable task, additional entrepreneurs can do nothing but boost our economy.

Tennistud said...

Hey Lizzie, I listen to talk radio at work almost every day and constantly hear the lie from the democrats that all of the new jobs "created by Bush" are low-paying jobs. I read the article that you posted in your comment, and it proves wrong their false claims. It's just another attempt to tear down everything that President Bush does that is good for the economy to score some more votes.
I agree with C-Dizzle. It definitely does matter where you're looking for a job. Bigger cities tend to have more, better, and higher-paying jobs than smaller towns.

Dr. Tufte said...

Spelling problems in Kamm's, Jack's, and Tennisstud's comments.

It is true that the employment picture has not been good through most of the Bush administration (supporting Lizzie's point about last year's graduates). It is also true that it has improved a lot this year (supporting her point about this year's graduates).

One thing to keep in mind is that compensation has been rising quickly while wages and salaries have not. Compensation includes benefits, so the message here is that benefit costs have been going through the roof. That right there could explain why employment growth has lagged.