DISQUS

Cafe Hayek: Not Third World Yet

  • Aaron Krowne · 3 years ago

    Huh? A handful of high-paying jobs proves that the economy is healthy?


    I want to know why 30%+ of people in soup kitchens are working--jobs that apparently can't feed them and their families.


    I want to know why so many of my highly-qualified friends are out of work or losing their jobs, or under-employed.


    The Christian Science Monitor seems out of touch.

  • Sean Woods · 3 years ago

    What is not seen?


    At least it isn't 20%, or 10%, or 0% of people in soup kitchens working. (Also, I would like to see the source on this.)


    Also, a handful of your "highly qualified" - whatever that means - friends proves the whole economy is NOT healthy? Huh? Highly qualified according to whom? Are there other "highly qualified" people who are also looking for jobs? Are there people who are more qualified, who could perhaps be "super-highly-qualified."


    I don't get it. Fill me in.

  • John Pertz · 3 years ago

    Aaron Krowne said:

    "Huh? A handful of high-paying jobs proves that the economy is healthy?


    I want to know why 30%+ of people in soup kitchens are working--jobs that apparently can't feed them and their families.


    I want to know why so many of my highly-qualified friends are out of work or losing their jobs, or under-employed.


    The Christian Science Monitor seems out of touch."




    This post is absolutely devoid of any real merrit and even if it were true in a tangible sense I must ask what is your solution to problem? Certainly it isnt to alocate ever more scarce capital through a public sector that has proven to be as widely corrupt an inefficient as any in the industrialized world. Until any of the paleocons or socialists can say anything beyond "this economy stinks because I saw five guys in a soup kitchen", it becomes very hard to take you seriously.

  • RWP · 3 years ago

    Can anyone find me a job in Saint Louis for an Econ undergrad for the summer? Cuz I don't particularly want to do sales which seem to be the only thing on monster.com.

  • Half Sigma · 3 years ago

    What exactly is an anecdote about some company in St. Louis hiring a few people for $30,000/year--which is BELOW the mean income--supposed to prove?

  • ross · 3 years ago

    i too would love a job this summer in st. louis. anyone have openings for an econ student that does not involve retail?

  • Morgan · 3 years ago

    RWP, ross:


    Don't despair, there are lots of jobs in the St. Louis area right now. True, companies don't usually hire students into permanent positions (at least not ones that they can keep people in for the long haul), it's too expensive to train them up just to see them leave - but there are opportunities.


    As economics students you have surely acquired skills that transfer well to positions requiring any sort of qualitative or quantitative analysis. Just as researchers can find jobs outside of research labs, economists can find jobs outside of the Fed and the financial services industry. When you look through Monster or Careerbuilder, spend some time entering skills you have as keywords, rather than looking for specific positions. It's the skills that really matter, not the name of the degree - and (believe it or not) many employers are able to see that.


    I recommend contacting companies in industries that look interesting to see if they have internship opportunities. The pay may not be much, but it'll probably be enough to get by, and you'll be increasing your human capital in relevant areas. When the unemployment rate is low and it's hard to find obviously qualified people, employers are especially keen to try out a few prospects on the cheap.


    If you find industries or positions that look interesting, you're in a great position to flesh out the skills needed to get into them after graduation.


    Good luck,

    Morgan


    St. Louis, MO