A Sea Of Red

Bloomberg wrote:American Dream Fades for Generation Y Professionals
By Elliot Blair Smith - Dec 20, 2012 11:00 PM CT

After being dismissed from her job as a Midtown Manhattan securities attorney in October 2009, Christina Tretter-Herriger hitched a used horse trailer to her Dodge Ram pickup and drove 1,628 miles to Texas.

The 32-year-old lawyer sold skin-care products in Houston before finding work as the assistant general counsel of a futures-trading firm where an irate customer punctuated a recorded voice-mail message with gunfire.

“No one was left with the impression that he just happened to be phoning from a sporting clays range,” she says.
Eighteen months and two busted jobs later, the daughter of a retired physician and a former editor at Vogue circled back to upstate New York and hunkered down at a small legal office that pays about one-quarter of her former $165,000 salary.

Generation Y professionals entering the workforce are finding careers that once were gateways to high pay and upwardly mobile lives turning into detours and dead ends. Average incomes for individuals ages 25 to 34 have fallen 8 percent, double the adult population’s total drop, since the recession began in December 2007. Their unemployment rate remains stuck one-half to 1 percentage point above the national figure.

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I think I've found a good job. I bought a house that's now rented, and live at the beach. God has been very good to me in this down economy.

Now, the article is correct, I am definitely not in a field I studied for. However, I'm content with it...for now.

The problem started when we had a bubble under Clinton, and Bush didn't like idea of having a recession coming into office. So, we have continued along with the trend of propping up the economy. Obama has had the exact same policies as Bush, but only more of the problem.

I'm of the opinion it's going to take a true Depression to wake people up to change.

JK37 wrote:I'm of the opinion it's going to take a true Depression to wake people up to change.

I think a depression would probably help the economy. Bush is basically Hoover, the moderate Republican who never really was conservative and believed in BIG government. Obama is Roosevelt, who thinks government is the only solution. All four espoused big government, but why is it free markets are always blamed but it was the government who screwed the system in the first place?