“That is a product of a shrinking blue-collar economy”
You’ll be shocked to learn that Millennials are having a tough time growing up. They’re struggling with the economy and putting off major life decisions. Mind you, this is the same generation which helped put Obama in the White House. Twice.
NBC News reports:
Most Millennials Are Finding It Hard to Transition Into Adulthood: Report
By his twenties, Kyle Kaylor imagined he would be living on his own, nearing a college degree, and on his way to a job that fulfilled him.
Instead, at 21, he found himself out of school, living with his parents, and “stuck” working as a manager at a fast food restaurant scraping to make hand-to-mouth.
Launching into adulthood has been tricky, he said.
“It became too difficult financially to be in school and not working,” says Kaylor, who dropped out of Lincoln Christian University, in Illinois, after one semester because of a money crunch. “And without schooling, you can’t get a job that you can survive on, so I had to move back home,” he said.
It’s a scenario that has become far too common, according to a new census report out Wednesday that reveals staggering statistics on millennials and their journey to independence.
For one, the report shows young men like Kaylor, who makes less than $22,000, have fallen by the wayside when it comes to income.
“In 1975, only 25 percent of men aged 25 to 34 had incomes of less than $30,000 per year. By 2016, that share rose to 41 percent of young men,” according to the report.
“That is a product of a shrinking blue-collar economy,” said Anthony Carnevale, director of the Center on Education and the Workforce, a non-profit institute at Georgetown University.
Read the full census report here.
Here’s a thought. Maybe we need less people enrolled in gender studies programs and more people enrolled at trade schools. It’s a point that’s been made by Mike Rowe and others many times.
Actor John Ratzenberger, who you’ll remember as “Cliff” on the TV series “Cheers” made a similar point on the FOX Business Network this week:
Actor John Ratzenberger: Blue Collar Workers Should be Called ‘Essential Workers’
Actor John Ratzenberger said Wednesday he believes parents should be more supportive of their children going to a vocational school, instead of a liberal arts college.
“They [parents] think if their child goes on to be a brick layer or a welder that somehow they’re not as intelligent as the kid that went on to a four-year liberal arts college,” he told FOX Business’ Stuart Varney.
Ratzenberger said the path for an apprentice plumber, electrician or carpenter, for example, is more difficult than a four-year college, but the reward is greater.
“At the end of the day, you’re going to be making a lot more money too,” he said.
Watch the video: