Monday, April 4, 2011

Grave Concerns

It's been a few weeks since I last posted, expressing concern in the lingering student loan "bubble" that will inevitably burst. Upon reading the comments that followed and watching events unfold across the world, I have a few reactions:
  • Those of us that graduated with a bachelor's degree in and around 2007 have faced the most difficult and widespread economic recession this country has ever seen. The science is simple; never has there been as many educated people hitting the workforce with as few available jobs as there has been the last few years. This catastrophe was caused by the selfish business dealings of individuals more corrupt than the brokers of J.T. Marlin (see "Boiler Room" if you don't get the reference). Few have suffered the consequences resulting from these scandals, yet the banks who turned a blind eye were "bailed out". The CEOs that ran American car companies into the ground were equally rewarded. Amidst this recession, people that lost their jobs had the ability to file for unemployment. Those who borrowed money for mortgages they couldn't afford could file for bankruptcy.Those who were fortunate enough to keep their jobs were told to be patient, to wait for the recession to end. It has now been 4 years, the economy has not turned around, and the cost of living has only increased while salaries stay the same. It used to be an honor to get and hold a job. Now I see friends collecting unemployment and getting paid under the table and I wonder with the rest of the points I brought up; where is the justice? Something's got to give...
  • Many people may read this and say, "Quit complaining". My response to them is that this isn't complaining. I am simply pointing out an obvious flaw that is hampering a large majority of the working class.
  • Those of us under 30 have lived a very unique existence as we have literally grown up alongside computer technology. I was in elementary school when Encarta was introduced, basically making physical research obsolete and digitizing information. I was in middle school when AOL came out, bringing millions of people together worldwide together through instant messaging, chat rooms, and most importantly bringing the world wide web into the home. In high school cell phones started gaining popularity, thus putting the Internet into a handheld device. In college, Facebook was introduced and robbing us of our privacy. My generation has grown up in an amazingly advanced world; larger, faster, more populated, and more informed than any we have known before. We are intelligent, hardworking, and capable, yet are voices are being stifled by the circumstances that were thrust upon us by previous generations. Is this a result of poor timing, or fear by the leaders governing us?
  • There are some major things at play here, and I feel alone in my agitation. As my peers are distracted by social networking, promises of change, and ipads, people across the world are preparing for a goddamned holy war. The Internet has made the world flat, but also more docile. Not all human beings are ready to evolve. I worry about the situation we are in, and even moreso, the generations that will follow us. The system is failing, and I hope that we are ready for when the walls start caving in.

6 comments:

  1. I'm completely on board with you man. Seems to me like there are so many issues facing the US and the world over, and resources are spread so thin, that we're just plugging our fingers in all the holes of the dam instead of focusing on one issue at a time and creating perminent solutions. I don't see what you're saying as complaining at all, just observing and trying to get people to think. Trust me though, when the levies break at least a few of us will be prepared.

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  2. It certainly is worrisome. The student loan situation may be the next bailout (and probably should be). I am not hearing any solutions proposed by our leadership so far. Most interesting is the relationship between government and the private sector (bankers) and how their cozy relationships ultimately hurt citizens. This has been clearly illustrated with the recent housing crisis and I see a similar dynamic between government and the education and banking sectors. I am curious to see how it evolves.

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  3. You aren't alone is this. I have been saying the same thing for years. Everyone thought I was, at best thinking too much, at worst crazy. Now it turns out that everything I said came true. The problem is that people get comfortable and do not want to fight for what is right. Hence, we have a corrupt government, being run by corporations. If the founding fathers had felt that way, we would be English still... which is kind of funny because we would actually be better off... so sad.

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  4. You aren't complaining, you are simply missing the forests for the trees. If you need to take out substantial loans to go to college then you better make sure that you work hard enough during and after college to make sure that you will be able to pay your loans. End of story. By taking on bullshit majors, getting average GPAs, and not making the right connections while in school, recent graduates have set themselves up for disaster. Pick a major with some relevance and some career - developing potential. Finance, economics, accounting, biochemistry, you get the picture. A communications major who smokes drugs nonstop and does nothing but the bare minimum will undoubtedly end up not being able to pay their loans. Cmon people, wake the fuck up!

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  5. Person before me,

    You make a valid point but all your doing is giving individuals advice and providing a solution for the big picture. Everyone in society cannot be engineers or biochemists, and we certainly could use less finance executives. Sure, these jobs can help lead the way but our economy must have sustainable growth for the next decade to provide living wage jobs to all people. Unemployment rates in low class black neighborhoods are astronomically higher than for the white and educated and is directly associated to rising crime and "smoking drugs" like you mention. So while becoming an engineering major is good advice, I think you should wake the fuck up and look at the whole picture.

    Ps smoke a bowl

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  6. Not providing a solution*

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