The Collapse of The Traditional Career.
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- Опубликовано: 24 мар 2024
- The Collapse of The Traditional Career. The modern career as we know it is officially over. Gone are the days where you can update your resume and walk it into a personnel department in your local factory and have a job for 40 years, land a sweet pension and retire to Florida. With the rise in layoffs and the reduction in pensions and 401k benefits, employees are on their own like never before. Let's explain why.
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Dude you are incorrect nothing has changed. Are you discussing a scenario where people want to stay stupid or continue learning which of the two is it ?
I wish I could take your courses but I just graduated from college with no experience, job or money to pay $300 for it. most job seekers are seeking because they have no money :(
It’s still like you described in the beginning it’s who you know and your education and experience. It’s still like that for some of us! Some people will always have a career to go back too!
@@prettynatural1973Crypto isn't dead im quitting this yr permanently
That’s a great topic. I have been reflecting to this issue myself. The most pragmatic reason that I found as a your graduate is to write my resume in a way that highlights that I’m an expert in one subject. Companies always want to hire experts: they don’t like Jack of all trades.
I've just decided that my best route is making sure I have zero debt. Keeping myself prepared so when I get a call that i am no longer employed I can survive on all those warehouse associate job openings that are everywhere. Guess this is the new reality. Seems like the system is rigged against us.
Instead of that i prefer after hours security work. I get paid decent for min wage but work is also min. And if working nights or weekends i can look for a job and prep for interviews.
Smart man. Debt is slavery.
@@GenX-Memories agreed. Which is why im constantly avoiding taking loan on anything.
Nothing more rewarding than a simple life with little expenses and being happy from simple things.
Yep. That's pretty much how you have to be now. I am working towards the same goal. Will be pulling back on spending down to just things I really need and want in the years to come according to what I can afford and reasonably maintain. Very little eating out, very few impulse purchases, etc. I expect the future of this country to be fucking bleak with all this AI stuff happening and companies laying off.
I do not understand why people still think their job is their complete identity? It's not. It's a paycheck, that's it.
@luke5100 I don’t. I work from home. I don’t have a family either.
right? what is the first question people ask when meeting (not including name)? ..."what do you do"? the preconceived notions run rampant from that point on lol
How is your job not your identity is eats up 1/3 of your existence.
Having a job is different than having a career. Many people just have jobs.
the definition of "career" is subjective....if one loves their daily work who cares what the label is....just another concept devised by the elitist of society ....and please make a list of what you deem "career" versus "job"....@@ALifeAfterLayoff
Companies and employers see employees as a liability, nothing more. There is no respect, no loyalty, no civility. No employee should ever look at an employer as anything but a short term paycheck. Employers have made that a certainty.
Yup. Liability and very disposable.
@luke5100 - Telecom isn't "traditional" anymore either. We have been getting blindsided by layoffs, even people who are actually competent at their jobs and who have been with the company for years.
(I work for a telecom company - not as huge as AT&T, but we got services in a couple dozen states)
That has always been the case.
Well I'd don't want to hire a woke, HR rabid DEI extremist.
Why should a company be concerned about employers? A business is NOT a social program
My honest suggestion to all who are struggling now:
1. Don't go into debt unless you know you can repay it, and this is absolutely necessary.
2. Educate yourself on whatever topic you believe is valuable for you.
3. Invest in whatever you believe is good for you so you can constantly earn extra $$$. Even if it's $100 a month, it's better than nothing.
4. Get a job you can tolerate, even if this is not your dream job or desired career. Repeat steps 2 and 3 always.
5. Constantly look for a new opportunity. If they don't care about you - don't care about them.
6. Look after yourself. Your health, both physical and mental, is the most important. Spend time with loved ones and do what you like.
I'm adding "build your skillset" practical, tangible, in demand skills.
@@angeladawn805 What do you suggest?
@@angeladawn805 in home aged care will only get bigger as the population is aging.
it does require some training and probably a year working for a big company that doesnt give a shit about you just so you can get some experience and understanding on how to go it alone at some point.
@@Obliv69@Obliv69 Here in NZ, it is very easy to get into any type of care-giving career (except nursing). In fact, you can start with no qualifications at all and learn on the job for free. However, this job is not for everyone (!), and the pay rate is pretty crap :(
@@george825thats why i think its a start to going alone.
in Aus NDIS (national disability insurance scheme) sets a per our cost that providers have to charge.
it may be say $90 per hour for in home aged care, but the worker only see's about $30 of that if theyre lucky.
if you can get enough understanding and a few certificates you could then start your own NDIS provider and following some basic guidelines you could then pocket that whole $90 yourself. of course you still have to pay tax and super, but you'd be a lot better off and can choose your own clients / hours as needed.
We have a new boss coming. In her interview, she said that work "is family" and that working overtime doesnt mean getting paid for it, it means getting a better annual review. My job search has begun...
Mafioso?
Work is freedom
Is there hammer and sickle emblems on the walls?
no, swastikas@@user-sx3pc4dj3r
Here in Russia it’s not so common to say at work that “we’re family”. But every time me or my mates hear it at job interview it’s always a red flag. ‘Cos as we say in those cases: they told you that they are a family. But they didn’t specify that it’s a dysfunctional one.
@@rexaroid Russian dark humor is great
The traditional career path really is dead. My journey led me to make a permanent shift away from traditional jobs to focus on my own research. The result was 1.3M in investment returns in just 14 months
to be realistic, Luck plays a significant role more-so than the resources to thrive with investing. without it, it's very challenging to succeed, been there
When its consistent, its not considered luck. research was the challenge till it led to Emily Ava Milligan, a top fund manager, her strategy made 310k into this and counting
I pasted her name into my browser, and her page popped right up. It became clear how popular her sessions were. your example is rare, i wish i had it earlier to reference. Thanks for the share
BOTS
This whole system is toast. I think we're on the verge of a collapse never witnessed before in human history.
Oh, I think it’s happened before. We are not unique.
The Roman's are calling.
It has happened many times
I think we have one more super cycle left. Massive, speculative bubble keeps going, and then the liquidity dries up, and the Fed is forced to cut rates and do more QE to stimulate the economy.
@@cashflowinvestor23 i wouldn't call this a financial issue, i would call this a moral issue, a society issue. We are about to fall of the edge and the fall of rome will look like childs play
Moving retirement back to 70+? How is that going to work when companies today think you're too old to be hired (especially into an entry-level position) at 40?
💯
I love how moronic the politicians who openly advocate for this are. They then Pikachu face as to why they don't get elected while managing to push a policy that will piss off everyone.
buys them time for fedcoin, universal basic income, and walled off 15-min cities. then none of it'll matter.
Yes lots of dystopian aspects to our employment in the USA. It's really disgusting. I have decided since I like my job to not retire since that to me is the best security.
Universal income h9nestly looks like something that needs to happen regardless. @@chancepaladin
I have never stayed at a company longer than two years because I have never worked for a company that gives an annual raise that beats inflation. When I was hired we agreed on a value for my labor. The cost for that value went up with inflation, and if a company doesn't want to pay me for that value I'm happy to find another company that will.
Exactly! As much as I enjoy my current company, the annual salary increases don’t keep up with inflation
The longest job I had was 3 years and 2 months. Technically, I started only working part time after a little over 2 years while I started doing my internship. I tend to get very fed up around the 2 year mark. Very fed up. I got a 2% raise this year at my first bank job. I’ve been here a little over 2 years and I’m starting to look for other jobs. I tend to get tired of of the same type of tasks quickly, so I always look for new challenges.
I wish more Americans have that mentality instead of this weird serfdom mentality we can’t let go of
I think you think about this the wrong way. Why would you "limit" yourself to be paid just to beat inflation? You should be able to visualize a path inside your current org. or build yourself to be able to land a job elsewhere that pays significantly more. The yardstick is not beating inflation, it is getting paid at least the market average for your position/experience. If you are unwilling to evolve, then you don't deserve more pay. If your company will not pay market value, then you leave.
True, find others that will pay you rather higher or better than stick on the same place that doesn't pay their employees well.
It was so clear to me in the last century that the whole career thing was a scam, I laboured, waited tables, lived below my means and continuously started small businesses while acquiring real estate. I was and am still shunned and ostracized for not chasing status, and I retired at 35, 9 years ago. I broke all those stupid made up rules and people are bitter towards me for doing so.
What kinds of small businesses did you start?
I'm not bitter, good for you. I simply couldn't have done that because I'm an introvert and also I couldn't manage the anxiety of a startup.
@@adisc7475 a moving company, a property management company, and a drain cleaning (rooter service) business. Nothing fancy, just stuff that needed to be done.
JOB stands for; Just Omiting Bills = J.O.B. - James D Watkins artistic director of Phoenix Productions.
Good one. Also try Just Over Broke
Relying on an employer for your long term financial goal today, is making a deal with the devil .
Yes it is.
Well if you're gonna sell your soul to the devil, don't sell it cheap...and get a cash advance! 👹
No, it isn't. The devil gives you what was agreed.
Honestly though. I just got fired today for the companies lack of work for us. So they pulled me today with me knowing nothing now I’m unemployed. Luckily I have investments so I have at least 6 months of bills paid but it’s crazy to think someone in my position would be struggling to make ends meet.
Sounds like an argument in favor of 401ks Rather than pensions.
The traditional career is definitely over. Both of my parents were born in 1945 and graduated high school in 1963. My dad got a job right out of high school at Motorola working on circuit board stuff. My mom, her sister, and a friend of theirs got a job at Argonne National Laboratory. My mom's sister and friend got secret security clearance and my mom got top secret clearance. There is no way any of this would happen to us today. We would be lucky to get jobs at Lowes or Home Depot right out of high school.
My parents were born in 1958 and they didn't have any of this. My dad was laid off several times for no reason and ended up just being a career contract worker. I think your family must have been the last to have opportunity like that
And a good number of tines you have to be of Mexican/Hispanic ancestry. I've observed this helping alot.
Immigration
Damn, and I can’t even get a job at Lowe’s as a cashier because I don’t have experience . But where do I get said experience from ??
@@TMeyer-ge5pj It varies, I was born within a couple years of your parents and I've had a more traditional career. But it's rapidly ending in any case. I look at how even highly skilled workers are being treated these days and shake my head. With great sadness I say that if you have any loyalty to or trust in any company you're a fool. Didn't used to be that way.
The economy is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family…
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
I keep wondering how people earn money in financial markets, i tried trading on my own made a huge loss and now I'm scared of investing more.
@@divlweb Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.
I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch….
@@divlweb I get guidance from *Susan Tori Davis* Most likely, the internet should have her basic info...
I'm 57, just laid off in Jan from the company I was expecting to retire with. Now no one will even interview me though they are desperate for people? WFT???
Commenting for reach 🙏 You will get through this! Leverage your skills! As cliche as it sounds.
Must be that they aren't that desperate.
All your boomer friends should be quick to give you plenty of advice that hints at you not doing enough, even though their advice won't work. Welcome to the world of gen z.
@@Icedanon I am a 30 yr old millennial and I am glad that our generation and Gen Z are pushing back! The status quo is not working anymore as much as they gaslit us to think that everything is fine.
@DiamondFlame45 I don't know if we are fighting back as much as getting attention for the amount we are actively falling behind. I dont really know of any practical way to fight against this other than to vote right and take out my frustration by chastising boomers online. Thus, gen z and millennials turn doomer.
Entry level 5-10 years of experience
You need a masters to fry a burger these days 😅
Lmaoo that always makes me crack up, or the requirements just in general
I’ve seen landscaping job posts that wanted an associates in horticulture
@@justaddfire4418 you need a 4 year degree to work for the fucking parks department lmao
@@spydrmnd yeah its utter bullshit. To make it worse, most degrees teach little to nothing in terms of real applicable job skills and most jobs require the degree anyway. They barely even read your resume
It's not just careers that are dead, but the jobs themselves! I give max 5 years until we're all homeless. Nobody seems to think about a post AI world, and corporations are only thinking about profits. We're sleepwalking into a great disaster!
Great way to summarize it.
This mentality that says shareholder value must be protected at all cost will be the bane of the entire system.
Just look at Boeing. It is only going to get worse.
This is the comment I was looking for.
Whooaaa this comment hit deep😢
A post AI world will be great, we can all become rich peasants growing our own food and making our own clothes etc, and become artists in our spare time or go to the local pub to meet with friends. As Steve Jobs said "Think different".
@@sandponicsOh, sweet summer child...
Wait until you find out that they're building killer robots that they'll send to clear the land of "rich peasants" like you, because they need the land to build an open pit mine, so that they can extract minerals to build more chips to power their ultra-powerful AI, so that they can deliver more value for their shareholders! 😅
I'd be loyal to a company if it were even possible for a company to be loyal to me back.
They are very few and far between and tend to get bought out in a generation by a mega-conglomerate or PE.
This is also why ghosting by employees is becoming common. Someone else gives an employee a better offer? Why bother giving the old employer notice? Just disappear without notice. And from my experiences, the companies deserve this contempt and lack of consideration.
It's called At Will. Even union states are at will. Quit at any time, with no notice or reason, and a company cannot punish you.
Ah ha! Now you've explained this odd trend that I've been seeing over the past 10 years. It seems your generation sees job changing like a Tinder account. Swipe left, swipe right. No big deal. There's a lack of connection with people in general. It makes so much sense now! Thank you :)
@@JenJenANDChrissy The flip side is the employee can do the same thing. And they assume most employees don't know this, so they "demand" you give a two week notice, or phish for a reason when you do go into the office and tell them you quit.
online stranger commented; he gave a 6 week he quits notice; next day calls in sick; never goes back.
That's payback for those phony "ghost" company job listings used to build a database for positions they have no intention of actually filling.
Another great video, Bryan!! I'm on my third "career" at 44: My first 10-12 years I worked in Customer Service/Client Services/Sales. Then, moved into Financial Services for 6 years! Then, moved to IT and Tech the last 8 years, goin on 9! Have 2 degrees and had to re-invent myself all 3x!! Been a hardware, network or software engineer, since 2015!! People!!
1. Do not get comfortable staying at one job!!
2. Move around every 2 to 4 years!!
3. Do not be loyal!! The company will never be loyal to you!!
4. Constantly re-invent yourself and continue learning your trade!!
5. Continue to learn new skills and always apply to new jobs, even if you have a job!!
I agree. My current management is railroading me at the moment where I cannot apply to other higher level jobs at the company until I complete a project in Sept. I have been in this role for almost 2 years though. I know they will come for my job come Sept after I pour my whole self into it. I loved this company, but now I am seeing I have to jump, and it is so sad. The audacity of corporate management.
I also wanted to ask you how your new career has been getting into engineering. I have been contemplating going back to school for it for a while.
"Always apply to new jobs", No thank-you. I do all that you do, but simply ask to be paid at or above market rate for my role. There are tons of data online, and talking regularly with recruiters will give you a good idea about your value. Have gone from junior, senior, principal consultant to manager in less than 8 years. Why should I have one foot out the door, it shows in your work.
Naturally, if my expectations are not met, I will look elsewhere, but otherwise I am happy to build with one employer.
That's good to hear. I've been thinking I should just kick the bucket. What is the point of being alive? I don't even get to choose where my taxes go, and I have disliked all my employers and coworkers. It's a modern slave system. No wealth unless you are a white woman who is good looking.
my mans a beast
I'm GenX and I have been laid off several times. I hold degrees and certificates in my field. I also have done other work outside of my career field. My retirement is so bad thanks to everything that I assume I will work till I cant or die. Companies have treated us like trash. I work for money. If you offer more and I think will benefit me I will leave. I still have a few friends who are trying to hold onto their old jobs. Scared to leave. They think one day the company will take care of me. You make more money job hopping than sitting.
GenX here as well... I now wish I had done job hopping since I don't have too much in savings now looking at the inflation and that I am unable to switch jobs since last 2-3 years. In 2018, I had planned to switch job in 2020 since I had just joined the company, but then covid happen where some companies were laying off people and when covid settled, recession in tech happened. Due to uncertainty, am unable to switch jobs and my current company is paying wayyyy below the market where I am not able to save anything.
@acecala3576 also gen x. Lost my stable (ish) job due to covid, and only last December was I able to get this one, but it barely pays me enough. Yes, I'm technically making more now than ever before, but only by $2, and the cost of living is through the roof. In order to be able to afford to live on my own, I need to make at least another $6/hour ans in order to do that, I need to job hop
I job hopped various help desk jobs until I found my current organization. I went from junior to senior to lead and am now a program manager but I always have my eye to the exit. I refuse to get a sense of false security.
Yes, you can make more money job hopping, however, there is a potential downside. If you get laid off, suddenly all those short-term jobs look *really* bad on your resume to potential employers.
Hey man. GenX at 51 here from the Philippines. I just got recently laid off (again) last Sept 2023. I had this analyst job for about 3 years. The job was pretty easy but I guess all good things end. Since 2001, I have had laid back jobs. I have been in and out of jobs from '95 to 2001. I have had enough of Manila and move out summer of '01. I now live in another city south of it where the cost of living is much lower. I have saved some and lose some(stock market, women). I am living at the moment using my savings and is very frugal. I also have a part time job on the side that really does not take much of my time. It pays little but it helps. Although I can still afford to survive, I am planning to move back to our old house in Manila if nothing comes up in the next couple of months. I don't really see myself retiring. I don't believe in retirement anyway. I would like to believe that I am already retired since 2001 having had all the "easy" time at work. I just want to be able to do something that interest me and live my life on my own terms. I wanted to get married and have kids but I guess I am now way pass that stage. I see the job market all the same since from the time I graduated in '94. I am now looking at other income streams. I don't see myself getting hired again at least not going to the traditional route.
I was told that was dead in highschool in the late 80s. "Be retrainable and expect to change fields several times."
Yes, this idea of the "traditional" job has been around since early 1980s. I've been reading book on economics since that far back. Over the years, it's changed from just talk and prediction, maybe an unfortunate reality for a few, to a harsh reality for all.
It's good we're getting it repeated here 44 years later, for those in the back rows, I guess...
'Transferable skills'
I've been out of a traditional job since July of last year, and have been living in the contracting / freelance / side hustle economy. Never been happier, and I've also realized that you cannot trust any employer. Always diversify your income streams, and never rely on a single job.
What kind of work do you do?
@@bradansworldyeah people always say that without saying what they actually do. Could be a prostitute for all we know
I majored in animation, and I've heard stories of it being unstable due to the project-based nature of the industry. What I didn't expect is that this now applies to multiple industries, even industries known to be more stable in the past. That's wild to me
Yes, we all have the job stability of actors and musicians now. Think on that. 🤔
I'm a paralegal by trade and education and have a hard time finding a job. Why? Partly because none of the firms I've worked for have kept up with the ever changing technology because they haven't needed to. Partly because of the 2008 recession and Partly because attorneys are realizing that they can in fact, do it themselves and dont need help and also because of the recession, many law school graduates could make more money as a paralegal than an attorney
And animation is going AI anyway.
@@kdeulerEverything is going AI.
Yep this is the same for a lot of people. Nowhere is stable and it's taking a massive toll on everyone. Can't even own a home or have kids.
Meanwhile, the top 1% in the US hoard a collective net worth of around 45-50 trillion Dollars; Work harder employees.
Have you seen Jeff Bezo's new yacht? It's wild.
@@ALifeAfterLayoff or what ethno-religious group Jeff Bezos belongs to?
I respect the idea of "be your own CEO of your own career," but my gut also perceives a big problem with it at the same time. Not everyone is cut out to be an entrepreneur. Not everyone is cut out to be a salesperson pitching themselves like a slick production 24-7-365. Not everyone is an extrovert. Not everyone is an executive. Our society needs to think harder about decent (non-impoverished) "careers" (i.e., series of jobs) for the substantial proportion of the population that is not a huckster, not a trickster, not a full-time self-marketing machine, not a BS spinner, not an influencer. For example, maybe instead of overworking and underpaying nurses to death, we need instead to commit to training more nurses (without mountains of student loan debt) and only giving half the workload per nurse, with actual PTO days as well. Everyone's OBSESSED with low taxes, but maybe it takes some taxes to make this happen. Anyone who thinks this is crazy, what SPECIFIC WORKABLE alternative are you proposing other than "we all hustle ourselves to death and race one another to the bottom"?
Being the CEO of your career doesn’t mean being an entrepreneur. It means putting yourself in control of your career and not allowing an employer to dictate the terms.
Excellent comment of OC
Couldn't have said it better myself.
@@YuTube_Username Not so much you and me - more the people just like Warren Buffett talked about - the ones who buy their way to ensure that their effective tax rate is lower than their secretary's ETR. But changing that would somehow lead to perdition. The ones who manage to pull the wool over the eyes of the little guy and get him to believe such notions are laughing all the way to the bank and then driving their Porsches to their second homes.
its the budgets, how hospitals are run and where the money runs off too that creates high pressures on employees. -Lori
Employees recognize that they're just a piece of meat. Having lived on a number of continents and worked on two of them, working in the United States is an unpleasant, dog-eat-dog, hateful experience.
Which continent do think would be a better place to live?
@@reaganhiggins8963Nearly any of them. only countries actively at war or actively being exploited by the US (aka the colonies the US won't call colonies) have it worse.
Which other countries did you work in? And what were your jobs? I’m curious because I’ve been wanting to work abroad for years.
Absolutely awful working here in the us yes
I’m 28 I got laid off 2 times in less than a year and am still currently without work. After that I decided to start my own company it’s still hard because I can’t even find a part time job in my area to help with bills. Also almost all the jobs on Indeed are fake it’s ridiculous. I miss the days when I could go to a manager show my resume and actually talk about my experience even offering them to call my past employers. The only people who hire is high turnover rate jobs or jobs that offer nothing to benefit the employees and that sickens me.
You're 28 ? ...dude, move to las vegas and become a bartender why struggle ..
@@filthbomb I live here too as a cab driver
I never stayed in any one job longer than 5 years. As soon as I was hired into a new job, I was looking for my next one. Get certifications to keep you updated and marketable in your specific field.
That's how I am going to be going forward. Five years is too long by my standards now though.
LOL at getting certifications. Who cares. If you really have a company that cares, just slap it on your resume. No one verifies that nonsense.
@@apex007 *not* true. Don't lie on your resume 🤦🏻♀️
@@AnnMitt sure. just like jobs have never lied to you about expectations
This is really good advice. You do already need to think about the next job as soon as you start the new one.
I'm Gen X, currently looking for a job. I have to say, the job search has never been so ridiculous! I got hired for a fast-food position, had to wait 2 weeks for them to send me a link so I could fill out my W-2 and on-boarding info, I filled it out and sent it in. On the HR website, it says I am an employee, but it has been 2 weeks since I filled it out, and I still haven't been scheduled or heard from anybody. WTF?! I'm done with this! I'm working side hustles and trying to figure something out. I thought getting a job in fast food would be quicker than the jobs I was previously applying for. It is not that "nobody wants to work anymore", people want to work, but nobody will let them!
Same here! I was hired by two retailers, filled out all the paperwork, W2s and was never given a start date. I don’t know what it going on???
@@lakecountynaturalist7617 That's so weird! I hate to sound like an oldster, but this kind of thing never happened "back in the day"!
Just go in and start working :D
@@duncanbananatyne3890 🤣I might just try it
@@lakecountynaturalist7617 you aren’t imagining it, places will hire you but avoid giving you substantial hours. Has happened to a friend of mine.
Kinda depressing how everything is just becoming worse, and the best we can do to not feel that bad is to complain
This is nothing. Get stronger mentally because it could get much worse. The one thing you can control is how react to your environment.
I try to be humble and happy with what I have which is being alive and I'm content with it.
Politicians are talking about use of nuclear (meaning total annihilation), idk if people realize we are at big risk here and it'll be too late to stop it. We go by our life not knowing, not caring, living in our own bubble but once the time comes we won't be able to do anything. We are at mercy of the few with a push button.
Back then you could buy a house, now everyone rents apartments. You could find a job with little to no experience, now everyone needs a degree for a basic job. Your kids could move out and buy a home themselves at 18. Now most adults in their 20’s stays at parents home or live with roommates. A lot of couples would date to marry, now it is hookup culture and generations of childhood/relationship trauma. Times have changed for the worse financially, economically, and, culturally, and spiritually.
@@C1K450 This is true: what is happening now will affect society for generations.
@@speculative yeah and in a very worse way , but can anyone tell me what can I do stay different from them 🙂🤍
There's a million things you can do. You just aren't willing to because you have a certain belief. Of course it's depressing.
I have a theory: “Excessive Corporate Cost Cutting” decayed America. By cutting every corner possible for the sake of marginal growth, we’re just slowly descending into a picture of our former Society.
As always great video!
Yep our government is also out to lunch because of all the lobbying
if only those excessive costs counted high level executives that get paid far, far too much to do far, far too little. its only the lower or mid tier employees that seem to be vulnerable to 'cost cutting'.
Endless Cost Cutting and the need for Endless Growth instead of just steady sustainable profits.
China did not steal our tech. We gave it all to them to chase lower costs. Now they're undercutting us
Agree! Just look what is happening with Boeing, they cut costs on stuff which resulted in quality problems.
In the 90s, my grandmother refused to buy a car from a sales rep that was a family friend simply because he changed jobs too much. In her day, job hopping was considered a bad thing. Now, it's survival
@@Two-freez4 yes Barbara Moses mentioned that in one of her books. Managers were complaining in the late 90s that new employees wouldn't work evenings and weekends like they did when they were that age. She pointed out that younger employees saw their parents do that to show loyalty to their company and then got downsized in the early 90s
This is why i left the country and moved to thailand working remotely...my life completely changed and i have a better quality of living since things are alot cheaper here
I work remotely. Life is good. I'm retired military and work to keep my sanity.😊
What a sad thought, to have to leave the country you love to just make ends meet. I'm sad to think that may be me.
You did the bingo
Many of those cheaper countries locals say that Westerners do this and exploit their economy-making things more expensive. Becareful.
Agreed, my "career" got chopped at the knees 2 years ago... two layoffs after that at 60, I am trying to find work to make it to a reasonable retirement age...
Just met a guy your age that’s going around America opening new Verizon stores. Maybe look for a company that’s expanding like that and try to get in on the action?
Have you considered substitute teaching? You usually need a bachelor's degree but not in all states.
word of advice don't expect to retire, hope you can, but pretend you won't
I'm old enough to remember the steel mills shutting down in the late 70s, destroying our city and lives of many. It seems to me the acceleration of the decline of the middle class is finally here. If I was young enough, I would just bail on our country.
58 here, same
The company I worked for did their best to get rid of everybody over 55 years old. They even admitted that their emphasis were the new grads and not the long-term employees. They did not value experience, and in the healthcare field experience is very important, but these corporations do not care.
Years of experience isn't always the best indicator of competency or skill
Hire the youth because they are cheap and Desperate enough for a Break they will be compliant employees
@@ajsctech8249 older people also refuse to learn new technology
40 years. Actually letting the seniors go makes room for youngsters to show careere options.
@@AmazingStoryDewd no, it is not. But neither is a new grad. they just bring in the young people, blow smoke out them, because they don’t know any better, and the young people don’t even realize they’re being taken advantage of. and 20 or 30 years later suddenly they’re on the other end of it and they realize how it works. unfortunately, I think that’s just how the job market is now and I don’t think it’s going to get any better as time goes on. There’s no loyalty from companies and the loyalty from employees.
It's not just careers, it's everything. Divorces were rare, now everybody gets married, divorces after a few years (or even less), gets marries again, divorces again... People then had a house, they stayed there all their life, now they rent, and they move very often. Then you would buy a TV, and you would use it for MANY years. Now, you change your smartphone each year, same with TV and anything else.
Planned obsolescence it's called.
If you buy flagship phones at the right time you can get 4-6 years out of them with care. If buy quality right you can get lot more use and time of use out of it.
@@chrisnamaste3572 That strategy doesn't suit Apple's Samsung's, Motorola's, etc. business model. The cellular carriers also have a vested interest in relentlessly offering trade-ins on older models and baking in the cost of the newer models in the user's monthly bill. If consumers weren't brainwashed gullible sheep falling for slick commercials promoting every new generation of iPhones, for example, to keep up with the Jonses, hanging on to older models, if fashionable, makes sense. Apple isn't a trillion dollar corporation by chance. Samsung isn't far behind either. Who cares if these companies employ underpaid Asians toiling under sweatshop like workplaces? As long as the stock prices keep getting jacked up!
Not me. I buy used phones, and tv's way less than half it was new. Even appliances. Have a 20 year old car.
Well our T.V. is from 2016 and still going strong. And sone people have actually NEVER married, they just keep jumping from relationship to relationship so yep.
Trying to explain this to older folks is so difficult they just don’t understand the modern work environment. Unfortunately a lot of these older folks are also still in positions of leadership and ownership of businesses. They think we should be grateful for peanuts no benefits and working 70hr weeks. When we leave for better job stability, security, hours pay etc. somehow we are ungrateful and disloyal. Well no one succeeds staying stagnant in a company that doesn’t want to compensate well. Loyalty is expensive.
Boomers are the worst. They took the most benefits from the growth days when they were starting out and when they made it they made it shit for us
Understand. Most of the older generation doesn’t have it easier, it is just a few at the top. Companies push the older generation out and they have difficulty getting new job. Board of directors and c-suite have all the riches.
I am older, and I would say… buy the business from these older folks, their kids don’t want the legacy so take the reins and let the employees run it well. Leave a legacy for your family.
@@lynnw7618buy it with what money? We get paid roughly 1/4 of what our parents made doing the same job 😂
@ lynnw7618
You are just proving their point that you older generations are out of touch with the situation.
“Just buy the company”
You know what that would cost to do, fool? 🤦
My job changes every 2-3 yrs due to "restructuring". Cutting costs, laying off, hiring cheaper and younger people. Most roles are contract. I brought in over 15 mil to my last company. Was working 2 FT jobs for them at 80 hours a week. Was not enough. They closed down the US Offices and moved everything to India. If you are over 40, good luck getting hired. I have never seen age discrimination as prevalent as it is in this market. What you says makes sense, but the same HM laying off are the same ones saying I don't want gaps or job hoppers. 10/10 for this video.
Even the military is making it hard to make a career with them. The 20 year pension was replaced with the TSP and they wonder why they have a recruiting and retention crisis.
What's TSP
that's terrible
@@Nanook128 Thrift Savings Plan. It functions almost exactly like a 401k.
Yup I am at my end with Reserves after 21 years.
Thrift Savings Plan. Basically takes cash from your income and puts to account. Based on it, it will be your pension assuming you are elligible @@Nanook128
As a Gen Xer, I was given all those tropes as a young man trying to leave home and get a job that would pay enough for an apartment - especially the old "it's not WHAT you know but WHO you know" and "ya gotta 'network' in order to get a good job" and 'do what you love, the money will follow'. Never considered a 'career' as anything I would ever have. A 'career' was for the lucky kids who had parents who paid for college educations. The rest of us took whatever kind of work we could get and endured an unbelievable amount of abuse from our first few employers - so this is nothing new. I lived for years a few paychecks from eviction, in constant fear. It wasn't until I put myself through college and got a Bachelor's degree in my late 30s, that my income rose enough to be able to relax a little, buy a house that nobody wanted and started saving. No wife, no children, very few possessions. I have enough in savings to survive for 5 years without work if I have to now. Being prepared for being laid off has been my focus for years. This is nothing new.
Good job, man, that's amazing 👏 ! Bless up
Exactly, I don't get this video. The "career" as he describes it has been dead since the 80s, 90s at best. I entered the workforce in 2003 and never ever expected (or indeed wanted) to have a "job for life"... what a bizarre idea.
Too many get married, start having kids, buy endless "stuff" and then are in a position where they must have 2 incomes to survive. They should have only one child, have a small 2 bedroom home, don't buy (and finance) new cars (buy used), simplify their life so that if one loses their job they can at least get by with one income.
@@georgeromey4971This is such a great comment. I have never understood why people pump out babies. I'm not saying you can't but I just like the idea of having a plan and giving the best you possibly can to the life you created.
@@DoyinVoice When housing project residents and illegals pump out as many kids as they can while getting government assistance, it starts to look like a suckers bet to do it any other way. Sure, your kids might wind up drug dealers and eventually go to jail, but if you try to raise them yourself, they're probably going to get stabbed or molested at the high school anyway. The family was deliberately destroyed to make childless, cheap to hire consumer drones out of all of us.
I was laid off 6 months ago, and have been searching since then - with all the ghosting and ridiculouslessness that goes along with today's job market. I've got an MBA and buttloads of experience, and none of it matters. Its depressing.
Been there before .... Heads up my friend
Work as a teacher. There are tons of job if you can teach, especially with a MBA. You can work as a Personal Finance/Business Teacher in a high school and be safe until you retire.
@@Crazy4AI No there isn't. This is such cope. Also AI needs to be destroyed.
@@hubertroberts7800 Before, but when?
If you don’t have a contact to get you in in current job market yeah , is pretty much fckd up
It's a fantastic feeling realizing this right after graduating college and now knowing that there is no stable career track for you
Ouch, after all that schooling and education you mean people cannot work and retire from a company after 45 years? I need for you to be at work from sunup to sun down. Come on capitalist!
😢
Most people realise this when finishing education, unfortunatley
Honestly. A new system and way of life is needed anyways.
I also possess two college degrees. An associates and a bachelor's. What the fuck good are they when no one will hire you?
I worked for a large state university for 28 years. The university changed a great deal during that time and finally the job and career that I loved became unbearable. I resigned in 2021 and now I'm looking for another job at 60. They succeeded in forcing me out without laying me off and having to pay for unemployment benefits. I chose to work at the university because I thought it would be a stable and safe place to work. That is no longer the case because it is being run like any large corporation.
Wow. I thought they were public.
@@nwatson2773 The university is technically a public institution. However, all of the members of the board of trustees are corporate executives and they run the university like a corporation.
@@aaronswinger7026Sorry to hear it, Aaron. It’s very tough out there now
@@WeWuzKangzNsheeet Thank you. Yes, it is very tough out there. Most employers no longer see their employees as human beings. Corporate leaders use and dispose of employees as they see fit. We live in a nation and society that no longer has a high regard for human life.
@@aaronswinger7026 Yep, only thing those in power care about is 'line go up'
At this point, I've decided to just drop out of society for a while and see what happens. Im not about to stress myself out over a career that wont gurantee me retirement.
Collapse is coming for sure, imo.
@@Christian-qu9ml It doesn't seem worth the struggle when it is so imminent and near
Have to agree with this. I don't even want a career much anymore and loyalty to a company is not a phrase I acknowledge. I go where the money is and that's about it.
I used to want a mega career. Now I want to move abroad, start my own business and love my life the way I see fit without having to punch a clock (not quote a literal clock anymore but I do have to clock in and out) and work on someone else's time.
Me too
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Mind if I ask you to recommend this particular coach to you using their service?
Leticia Zavala Perkins, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I’d be retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around 120K per year but nothing to show for it yet.
you should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a local or trusted online broker/plannner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28, fast forward time... I'm 61 now, got laid off March 2020 amidst lockdown, a blessing in disguise. At once, I consulted an plannner to stay afloat and with subsequent investments, I'm only 15% short of $1m as of today.
this is huge! would love to grow my reserve regardless of the economy situation, my 401k has depleted seriously since early 2022, at this point, i'm in need of guidance, can you point me?
shuffled through a few experts, settled with monica mary strigle... look it up you'd find her.
Monica-Mary-Strigle. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, you'd find basic info when you browse, lady’s a renowned advsior.
Finally, a recruiter speaking the truth! Thank you for pointing out the hypocrisy in companies criticizing candidates for moving around while having high turnovers in their staff. The last company I worked for, I was working for the CEO as temp for hire, long hours, performing above and beyond. This person expressed concern for what they considered not having enough longevity (5-10 yrs at one company); my overall experience in that position was 10+ years. I was the 3rd person filling this position in the CEO’s 3rd year at the org and HR had lost about 6 people during the time I was temping. I was way overqualified for the position. When I referenced the fact that they had turnovers but were questioning me about my loyalty, even though I was showing up every day, first one to arrive and last one to leave, they said they had legitimate reasons for those turnovers. They did end up hiring me but their process felt very tone deaf and dehumanizing.
I'm Sooo glad you're helping everyone recognize this workplace loyalty switch!
Yeah, this guy is high value
Been on the job hunt for over seven months. The whole damn system is broken!
Five months since my layoff. Over a dozen interviews with only one offer that paid 30% less than my old job and required a move across the country. Keeping on grinding because what else can I do?
What do you do?
Been on the hunt for 2 years…
@@Dreadkid08did you have any job offer in that time?
@@sehrerwachsen8955 I had some interviews but no offer. Sometimes I got to the end and then they ghosted me or I got to the end and they said they were restructuring the company and the position no longer exists
Many companies start forcing people out at anywhere from 59 to 64 yrs old. The only places that would hire people 65+ are fast food restaurants, Wal-Mart, Target & Lowes, etc., so the government won't be reaping a massive amount of taxes on those people. So much to look forward to!
True, very on point
more like 45+ in the tech industry this year
My grandfather left school in his mid teens without finishing secondary level education. He worked as a doorman at a brewery for over 50 years. His income was sufficient to raise a family with 2 children and when he retired he did so with a nice DB pension scheme. More to the point, when he died his wife was kept on that pension until she died. She received half of what he was receiving, which all things considered is pretty good.
Not bad for a guy who left school at around 15 and didn't learn a trade.
I left school at age 15, got a job worked hard, got another job, worked hard, and did various jobs within that company and climbed the ladder of success, including management, traveled around the world several times, bought some land in Australia and built a house on it, and am now a retired multi millionaire. All it takes is brains, persistence, and hard work. The harder, and smarter I work, the luckier I get.
@@sandponics and you got an orange for Christmas and walked to school with no shoes on....in the snow
I'm semi-retired. I did a job search for my former profession. It's paying the same wage that I made 12 years ago. The exact same wage. IOW, there's been negative growth in my former profession.
I think I am a career contractor . In middle school and high school I worked as a newspapaer carrier. After college, I worked for Walmart for 5 years. I worked at the mall as a cleaner/housekeeper for about a year. Then I worked in a warehouse in a seasonal role for three seasons. Following that I worked as a janitor for the next fourteen years with three different cleaningcompanies. I have been unemployed for over the last year. The longest I have been employed outside of the local newspaper carrier job when I was a kid (which got outsourced to the USPS in 2024) was my last employer from Oct 2016 to Jan 2023. Now, I am job hunting at age 48. This is crazy if you ask me. I think sesonal employment is the new full-time which is crazy. In this type of working world, employees would need safety nets outside of the workplace based benefits.
Man it sucks out here the corporate world. I'm 50 and I'm trying to get out ASAP. Hopefully I can dip at 55 and do something on my own.
50, yeah thats tough. Age discrimination is rampant.
I'm GenZ with Boomer parents. They both worked at the same company for 20+ years. I can't imagine spending more than 2-5 years at the same company. The benefits of staying aren't worth it anymore. I still want a career in the sense of some kind of progression within an industry, but I'll get that through a couple internal promotions and job hopping.
Were your parents must have been in their 50’s or 60’s when they gave birth to you. 🧐
@@BrightElk😂
@@BrightElk lmao my parents are boomers and they had me at 38 (year 2000) what’s the point of going broke to have kids early in this economy😂
don't depend on that internal job promotion idea - go straight to job hopping
Thank you for this video! It’s felt a bit lonely to be old enough to remember and brought up to work as things used to be and yet, young enough to be in this changing & new era where there is no retirement/pension from employers.
And “right to work” just means right to fire without notice or a compensation package.
What have you done for me today mentality. Stagnant salaries and hourly wages. Job postings are routinely offering income from the 2010s. Your $50k, $15/hr are what was being paid 10+ years ago with similar experience. They demand more but offer less for that “more”.
Yes $50k is the new $100k job its ridiculous
This has slowly become my number one driver for staying in the military. Job stability, steady pay increases, opportunities to advance, education/ training being available, and a decent retirement are just things that you can't find in the private sector right now.
Loyalty. I tried that. Worked for 3 3/4 years, then I was asked to leave with 2500 of my friends. The "average" number of jobs is 12, I'm already on 15 and while I hope it's the last, it's a contract...so who knows. I am loyal to knowing my job and loyal to myself. That "40 year" mark for me? It's next year, 2025. Will I retire? Sure, at some point. But I love my job and where I work, so unless something better that is solid comes along, I'll stay....if they ask me to leave...I'll find something new. Even if that means retraining to do it. Old dogs CAN and DO learn new tricks. So for those reading, be loyal to yourself and your knowledge. Remind any employer/prospect that you can easily learn new things and your resume should reflect that. Be confident and when someone says "you're too old, too qualified, too costly", let them know that things have a price, but it's always negotiable.
Im in my 30s and im on my 15th job...🙄
What state do you work in?
Companies want you to be loyal to them but they have ZERO loyalty to you. Doesn't matter how long you've worked there.
Vagrant workers are the worst and most incompetent or the most unreliable strivers.
You have 2500 friends?
Careers, in the traditional sense, have been dead for 3 decades. Last folks to hit the Pension trail were in the early 90s. 401K has been a steady decline & most mayor companies do not offer these to new hires. 20 years ago, i walked away from a company when they cut the 401 contribution in half. Walked away in 22 when a D3I with no experience was hired over a 30-year expert. We are in the final chapters of Atlas Shrugged. Act accordingly.
Another great video! Thank you for posting. Unfortunately the future does not look promising for us working class.
@@luke5100 Well said.
When I was younger, I wanted to work on corporate. I thought that having a degree and being in corporate, having my own office would show that I made it and I was a success. I did that, got laid off multiple times, learned that there is no loyalty, and that promotions and raises aren’t all that. At my current age of 34, I learned that working, slaving, and trying to get ahead isn’t worth it. That’s why I don’t give much effort at work anymore, learned to invest and do day trading now and stock options. I’m still learning it… but I was able to turn 2k to 25k in 3 months. Made a quarter of my salary without having to work hard.
37 and began day trading options a couple years ago while working Full time from home with a family. Definitely has been a journey in the learning curve for options trading. As long as you understand the fundamentals and can identify key levels support and resistance everything else will be a breeze. Best of luck!
@@slow2stroke34 any good resources that get right to how to trade options with no bs?
SCAMMER!!
How could I learn ? Which source you recommend me
Everything you said is absolutely true! As a matter of fact, in my experience, you are so accurate it’s frightening. As far as I’m concerned I’m a free agent with resumes out there all the time. If I see a good opportunity, I jump. My boss has proven to me over and over again he does not give a damn about my well being.
Corporate greed has gone haywire
Endless corporate greed is responsible for this. Loyalty as a concept was dead 20 years ago, if not more, as people became essentially expandable. The programmers had it better for the ensuing 20 years money-wise, they could easily work several contractor job at once and make 2-3 times more than an average worker without worrying about being loyal to anything - there was always another company which needed coding expertise. AI is going to correct for that - essentially leveling the playing field (not permanently though). The entire workforce will feel the pain now pretty much equally, and the only winners will predictably be the corporations. Only when the people wake up and realize that this is not normal and the cards are stacked against them will we see any meaningful change. Unionize and demand better. People are not expandable and greed needs to be curtailed.
Also heavy legislation against the purpose and reach of AI against humanity. AI should not be able to enslave humans nor should society turn into competition with AI. No human should be able to use AI as a tool in any capacity to oppress human beings in any system. I don't understand why people don't view this as a threat to our very existence and quality of life. Corporate greed will use any tool. AI already is being used to control people, censor people, confuse people. Humans should have been creating legislation against it and putting firm boundaries around it from the start.
AI spying will successfully crush any unionizing attempts by desperate humans. The future looks bleak.
Nothing will change.
I'm from the UK but what you say applies worldwide. I was talking about this to someone and saying in the 50's and 60's you could leave a job in the morning and have a job by the afternoon. That's what my Mum and Dad tell me. It's not about laziness for the younger generation, there's a lot less jobs and they are harder to get because of higher numbers of competition caused by anyone being able to apply at their fingertips. Like you said.
My dad worked for the same coal company all his life since 16 years old. I've been a software engineer for 20ish years and have multiple jobs. One company I was at for almost 2 years and my boss was a dick. I found another position but knew if I put a two week in he'd just say "Leave Now". About 7 years ago on Friday I left for lunch and never came back 😁 Funny just few months ago that companies IT dept called me and asked if I could come there for a day and help them with something I did. Told them if I had to take a PTO day from my current job which I get paid for they would have to pay me 600 in CASH... no 1099 etc... I got everything fixed and got cold hard cash.
I’m 41 and have worked for the same US multinational 17 years, feel like a freak, but very thankful
I think lifetime employment ended a few decades ago, when manufacturing started going off shore.
It's when everything went online and employees became disposable.
This is 100% correct. I watched the companies I worked for steady abuse the trust and loyalty of employees by treating them as pawns in the modern corporate world rather than long term resources. I think much of this was driven by the stock market where shareholders demand results quarterly and don't care how the company 'makes the numbers'. It is a dehumanizing and wasteful system. Sad. I am happy to be retired.
I'm so glad he mentioned lack of loyalty is a two-way street and an employee can't count on loyalty from an employer. I r'cvd an exceeds rating review at the end of last year, a raise at the beginning of this year, but was let go in February, without severance. I had planned on doing an intense job search at my three-year anniversary, which would've occurred in July. I was actually planning on this because I didn't see a long-term future. I was thinking anything less than 3 years wouldn't be enough to get a higher position with higher pay, ha! Now I'll be a free agent even after by year 1!
I know a software engineer who got laid off after 2.5 years. Got a new role and is now considered a senior level engineer lol Companies don’t really value years of experience as they claim they do. I plan to start applying for new roles around the summer because as much as I enjoy my current company, there isn’t much career growth.
I’d say always be looking, don’t put it off. I made the same mistake and am still unemployed. You just never know when you’re gonna get let go.
Im glad others are acknowledging this fact as im still traumatized from the last recession.
You’re not alone…very far from it!
I have been contracting most of my career. Your tasks have more of a purpose that way.
Yeah. And a lot of the time they can't dictate your hours.
@@TMeyer-ge5pjYup. If they try to dictate you’d become a w-2 employee. You can be given a timeframe (open from 9-5), but yeah.
In what field?
Companies have been distancing themselves from Employees, in all aspects. It was the companies that struck first by severing loyalty bonuses and pensions.
An employee who is treated well will work loyally for the company. With companies simply not bothering, WHO CAN be loyal and hardworking?
Top Performers of this Quarter are fired the next. There's no chance to experiment or find out what the employee is good at. A fresher is supposed to be more efficient and have better output than an employee with ten years of experience.
Secondly, laying off has less and less to do with the actual performance of the Employee. It is now OK for companies to simply fire hundreds of their employees with little to no shame or guilt. Honest, devoted, hardworking, and ethical employees are being laid off. How will the companies generate Trust and Loyalty? And HOW will they get good service, profits, and performance if they are SO brutal?
It won't
You put it best "distancing themselves from Employees". This practice has slowly happened over the past decades. It could be from international labor, the disruptivness of social media and corporate whistleblowing, and the death of pensions etc....
The continual and uncontrolled merging of corporations seems to further exasperate this issue as well. There is less and less competition for labor and the top employers can set salaries for positions and most have no choice but to accept it. There needs to be a return to Teddy Roosevelt style trust busting.
@@luke5100 Only Teddy
Two of my nephews are linemen, early 30's. Both skipped college. Making 6 figures with a pension and much more secure than most white-collar jobs. Probably will be able to retire by 55. Not for everyone, but a good move for them.
Linemen, electricians, plumbers, and mechanics are in a fairly good spot now. They can't be outsourced to whatever country has the lowest wages and AI can't do those jobs yet. AI robots will eventually come for everyone's job.
@@jvsperoni AI will never be able to do those jobs. AI can only do jobs that need the internet.
@@sneakyninja5802AI inside of a robot body will eventually be doing physical jobs like plumbing and auto mechanics. It might be decades away, maybe sooner, but it will happen.
@@sneakyninja5802 Not true, have you not seen how A.I. is being utilized by robotics companies?
which teams do they play for
I was told in the mid 90s that average tenure was around 7 years... and as pensions were getting replaced by 401K's, employer loyalty was already disappearing.
That’s because a 9 to 5 doesn’t lead to financial security anymore.
as much as love the internet and seen it evolve, now im considered middle aged i think the internet is also a big reason for the decline of society i see all around me today as many things have also been damaged by the net including job search
"you'll own nothing and be happy" - its already happened. without their monthly subscription most would have no video games, no movies, no music to listen to as people dont buy DVD/bluray/music CD's.
Blockbuster type stores gone, book stores gone, music/record stores gone just to name a few.
people lost the ability to socialize in person and go out for dinner only to sit at a table with 5 others all staring at their phones.
Job seeking, dating, its all been damaged by the internet as far as i'm concerned and it's only getting worse.
Yep. All of this is destruction to society. I don't know how people thought not owning something by holding it in your hands was something to latch on to. It gives them total control over you and what you can and can't have. Now renting and being desperate and never owning a house is the new thing. Smart phones and social media has not improved our lives. Harder to get a job now. Harder to buy food, harder to put gas in your car. What was the purpose of new technology when it only serves the top handful of greedy inhumane people? Humans were very gullible to go along with this. We thought technology advancement meant we would work less😂. Now you have to work 2 or 3 jobs to make the 1 job you used to need in older times. We still haven't passed legislation against the inhuman agenda of AI. We will suffer greatly before we bring any change.
Yes we all need to cut our screentime in half. Let's do it!
And yet, you'll be dealing with hiring managers asking why you've moved around or how come you haven't moved up into management by now. Like you'll be anywhere long enough to move up. 😠
That's a great point, and one I've heard hiring managers say. "Where's their momentum?"
I got laid off by Big 4 in pandemic. Been on a wfh contract for almost 4 years and love the work. But im preparing for it to end by paying off debt and learning new skills including language skills to work in BRIC countries
Yeah seize the opportunity
I worked on my career field for 25 years. Got laid off during Covid. Decided I didn't want to go back to that career. They laid off a bunch of people during Covid from my company, two years later, they were begging people to come back. Companies don't care about you. The quicker you figure that out the better. There's no loyalty either direction Employer to employee and vice versa. Sad but true. Save, and don't go into debt if you can help it.
Is pathetic even having to remind people that fact
Only slave minds can be slaved
The loss of unions was a devastating blow to employees. I was fortunate to be employed in a union shop for 36 years. Retired at 70 from a job I loved with an excellent inflation protected pension, a 4O3b retirement account which my employer matched at 8% and paid health care benefits.
I would never work at a non-union job. If where you work now doesn’t have a union, start one.
A strong union levels the playing field.
Starbucks has 400+ stores now unionized by employees and more on the way.
As word spreads, look for the kids to unionize previously nonunion jobs.
WOW, You are so right, at my age I am focused on padding my 401k as much as possible. I have no loyalty to my current employer( I am a nurse). I care about my patients and saving as much as I can.
Wow. Worked 46 years in healthcare. Even with a union, nursing is taking a beating. It’s all about the Benjamins.
401k is a joke.
My parents are younger boomers/older gen x and they didn't even have company loyalty in the 80s-2010s when they worked. I think that ended a really long time ago. People these days are just doing whatever jobs they can to survive.
Up until recently I would agree with you about this but there are rare exceptions. I started working for an ESOP company (employee owned company) and it has been amazing. I won't bore you with the details of it all but what it boils down to is the company treats us well and is very loyal to us. They also 100% do not hire managers from the outside, everyone including the CEO was a field tech at some point (also being a company that only the employees hold stock we can effectively fire him). There are also a lot of laws with ESOPs and all benefits must be available to all employees at the same conditions (so the new guy day 1 has the same benefits options as the CEO). However I recognize how rare these types of companies are.
dude, what you're describing as "career" has already been dead for over 20 years now.... video's a bit late.
Wouldn't say 20. Probably 10
Stop being so dramatic . How could he make this video 20 years ago when RUclips didn't exist , second if that were true why are people still working those jobs til today ? I know plenty of em. The environment is changing but those jobs are still there if you know where to look most of these jobs are being passed through family lineage rather than public recruitment . If you knew better you'd do better but your obviously clueless
💯
You did an awesome job delivering the topic in the first two minutes. Laid out the full scope very gingerly.
In Europe, the laws are such that employees are given lifetime contracts. Guess what, the employees are loyal and stay at the job a lifetime.
We in Europe are corporate and tax slaves
In what make-believe world is everyone in Europe given lifetime contracts. The jobs I've seen that are lifetime are notorious for creating demotivated toxic employees that have no incentive to improve at their role.
Those contracts can be broken with ease, i know my last employer just lets you sign another contracts and you are fired. Sick
Yes the only problem of Europe is to find the one job, but when you do you made it
@@rexmundi273come to America and you’ll be that in steroids
I love your videos and find them wonderfully therapeutic and re-assuring, brutally honest. It is my great hope that you end up formally using this information to change laws/regulations. This MUST be addressed by law. You are needed here.
💯 spot on! Employers SUCK BIG TIME nowadays.
You ain't lying. Most of them are just a mess.
For the first time in my life been to 5 interviews and all of them ghosted me.
I went through 11 jobs in just over 40 years of employment. Sorry to say, but this cycle was well established when I got my first job. Worked there 6 month after graduating from college, got promoted to a supervisory position, then three months later the 100 of us that worked there got laid off without any advanced warning ('notice' wasn't required back then) and the operation was moved from California to Georgia (IIRC). Three other layoffs/shutdowns I saw coming and escaped in time, one other I got laid-off from in a corporate bankruptcy. It just proves the only one who has your best interest in mind is you.
Thank you for this content! I am currently a high school Junior, and your videos have helped me to learn more about what it's like getting jobs and starting careers.
I used to have all these career ambitions and particular job titles I wanted - now my ambition is to move to Europe to try living in a place that doesn’t have a rat race
Every place has a rat race. Just don't get into one
I live in Europe, it’s a rat race. Not as much as in America but still. I’m taking my former employer to court for unjustified dismissal, I’m in a foreign country and is now working a temporary job.
Employers: "Sorry, 1 year contact is finished, gotta let you go."
Also employer, looking at a new resume for next contract "Gee, you sure jump around a lot..."
Some companies want only 20 to 28 year old employees with 10 years experience in most technologies that are barely existed 18 months to 2 years ago for lower wage
In software development for example
Job ads written by HR
My job just emailed all of us saying we have 4 months before we are all laid off and replace by AI. They literally said that....
OMG! At least a warning, but still. Best wishes
Say what 😶
What is the job?