Saagar Enjeti asks if populism will rise following the 2020 election.
Depending on your 401 (K) or your pension is a recipe for retirement disaster! America is facing a retirement crisis and every day there are more and more victims of this corruption.
While social media and social norms tell us that big cities are the place to be, there’s a case to be made for post-industrial mid-sized cities across the United States. These are known as Prospect Cities and they’re giving millennials a great place to launch almost any career. They’re cheaper, close enough to the big city, and facing serious social challenges that millennials especially can help solve. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx
Nearly 2 million students will emerge from U.S. colleges with bachelor’s degrees this year.
Many will enter a job market their parents barely recognize.
Competition for entry-level jobs is fierce, despite the tight labor market. Many applicants run a gantlet of internships and tryouts before getting a toehold on a permanent job. Career ladders of old have been replaced by zigzag job-to-job paths. Entry-level pay gainshave fallen short of housing-cost increases in many regions, and grads’ average debt has tripled since the early 1990s.
All this can leave parents off-balance and hard-pressed to offer advice.
Chloe Roach worked two part-time jobs during college, and three unpaid internships, before graduating from the State University of New York at Geneseo last summer with a degree in communications. She took another unpaid internship after graduation to get the ad-agency experience employers wanted, before finally landing a six-month hourly position.
“I’m exhausted just watching her,” says her mother, Monique Patenaude, a university media-relations director at her daughter’s alma mater. “She just turned 21 and she’s had more phone interviews, Skype interviews, in-person interviews, first, second and third interviews, than I’ve ever had.”
.. When Thomas Plante, a psychology professor at Santa Clara University, told friends he was going to grad school after getting his bachelor’s degree years ago, they assumed he was becoming a doctor or lawyer. Today, students seeking advanced degrees have far more career options to choose from. When his son, Zach, laid plans to go straight to grad school after graduating from Dartmouth in earth science and physics, his professors told him instead to work in research for a while so he could make a more thoughtful choice about next steps.
While Zach is working as a research assistant in labs at Stanford University and the U.S. Geological Survey, his hourly pay isn’t high enough to afford housing, so he’s living with his parents in Menlo Park, Calif. Dr. Plante and his wife, Lori, were able to buy their house years ago with their entry-level salaries and some savings. Today, his daily runs take him past a two-bedroom cottage listed for sale at $3 million.
He finds it ironic when parents complain that their sons and daughters didn’t work their way through college or land a high-paid job before graduation. His advice: “Your reality back in the 1970s or 1980s is just not the world of 2019. You’ve got to get over it.”
The New Rules of the Post-College Job Search
Encourage your child to:
* Get workplace experience before graduating.
* Start building a network early.
* Acquire technical, analytical and interpersonal skills not taught in college classes.
* Avoid relying heavily on online job boards.
* Build a robust LinkedIn profile.
* Seek out other experienced adult mentors for advice.