Thread: The Next Bubble?
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Old 03-06-2013 | 02:29 PM
  #14  
742Dash
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From: Retired
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Originally Posted by Pielut
I think this is dead on. There is a major credit and Student Loan bubble out there. No jobs for new grads and the jobs they can get do not pay enough for the loan payments. This is going to be a major problem.
The rest of you guys can rant at boggy men, but Pielut has nailed the problem. I have kids 22 and 25, and the only friends of theirs that have found real work are the engineering majors. Everyone else is working at jobs well below what their majors would imply -- and these are not stupid kids.

Here is what the rest of the country is just starting to figure out. When you outsource the semi-skilled labor the middle level management and related white collar jobs also go away. And then no one can buy Mr. Ford's cars.
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