INVESTMENT

Young men – reformed brokers


Is it harder to be a young person today than it was 20 years ago? To say no doubt, Yes. Of course it is. Not all Xboxes and iPhones in the world will change that. My friend Alison Schreiger adopted this idea in her latest version Known unknown Substack letter:

I worry about the men in the workforce. The economy is changing. Much of the job growth is in traditional thematic “women’s jobs” such as healthcare and education – and the economy further rewards higher education. It is entering the middle class. We should be concerned that women are dominating college admissions, 2 to 1, which suggests that men will fall further behind and close. It’s not good for anyone.

Much of this comes from the growing suffering of an economy. We are becoming a technology economy instead of an industry. When we move away from agriculture, men also struggle. They finally found their way, but it took a 100 years and a lot of destructive social trends, adopting new social standards and adjusting education to adapt to an industrial economy. If we want to get better results this time around, we need to embrace the new economy because it is trying to turn the clock back to productive jobs and unions. We also need to coordinate education, which is not suitable for many boys or prepares them for the new economy.

We say the college must be in the middle class; This is not only economically true, it is also socially true. Those who are more educated earn more and more jobs are available for them. But a skilled businessman can earn more than many college graduates, even those who went to grad school – even if they don’t get the same honors.

Respect was one of the biggest issues on the table during the last two elections. Biden speaks with respect to everyone. Clinton made it clear that only a part of the audience in her worldview deserved her consideration. That single difference – and no one else – explains why Biden won and Clinton lost. You keep in mind that when you’re tweeting, you’re giving people a notice of cancellation and rejecting the possibility of getting a legitimate opinion from someone less educated than you.

Allison’s right is that we need to see some more time for society to adjust to the restructuring of the economy. And hopefully young people will get their place back the way it is going to be. The consequences of being surrounded by millions of inactive, irrational young men and women, such as powder kegs waiting for a burning match, do not require much imagination. When a good standard of living seems out of reach financially and the media tells you most of the time that you are not going to be a necessary element of America’s future, you will be disappointed. And then anger. And then the internet connects you to make people angry. A community of insecurity and suffering. And then it can get angry as often as possible to hold your attention. This is the business model of the internet. If it can’t keep you crazy, it can’t keep you “busy”. The internet doesn’t want you out, playing beach volleyball. Unless you’re taking a picture of yourself while you’re at it. The internet wants you – you need – to stay annoyed. And then comes an opportunist and this anger and rage all focus on its own edge. And nothing good happens from there …

This has happened many times in the past. It could happen again. Variables will be different but the motivation is always the same. History repeats itself because human nature itself does not change.

In this week’s podcast we talked about whether the college is needed anymore in light of the tightening of the labor market and the unsatisfactory demand in the business and construction sectors. Someone is saying that college is not just about getting the highest paying job as a result. It was used to attract people with the perspective needed to live a full, well-organized life. This may not be the case in terms of career choice. You can listen to the episode here starring Jenny Harrington and Caleb Silver.

Subscribe to Allison’s letter here.



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