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¶ … Future
With the ever-changing and highly competitive global landscape of the job market, our generation faces a multitude of challenges in the future. Increases in individual and institutional operating costs, the ongoing exploitation of credit systems and the increasing propensity of out-sourcing have created a bleak outlook for my peers and I. Rising rates of unemployment, joblessness and poverty in many developed and developing countries provide superb indications of such unfortunate prospects (Reed). Therefore, it seems impossible for our generation to sustain a healthy standard of living when we have lost all competitive advantage over other less-developed producing countries. The gargantuan trade deficit of the United States and many other developed nations heeds the failures in productive competitiveness with relation to producing countries (Amadeo). Thus, it seems highly unlikely that our generation will be able to maintain the same wage rates that allowed past generations to flourish financially. Furthermore, if we hope...
Such devastating fiscal obligations have already caused many individuals to completely abandon job opportunities in vital (though low-paying) public service and non-profit sectors (Ballard). Moreover, entering the workforce with massive amounts of debt can place extreme amounts of excruciating pressure on an individual. This kind of anxiety often occurs to such an extent that people have become highly depressed and even suicidal as a result of job search failures (Newsline). Knowing all that public services and non-profit organizations can contribute to societal welfare, and considering the various unfavorable possibilities resulting from intense debt pressure, it seems vital for our generation to closely examine and subsequently restructure the current credit system.
I believe the only way our generation can truly succeed and prosper in the future…
Bibliography
Amadeo, Kimberly. "The U.S. Trade Deficit." 2011. 16 March 2011 <http://useconomy.about.com/od/tradepolicy/p/Trade_Deficit.htm>.
Ballard, Amanda. "Understanding the Next Generation of Nonprofit Employees: The Impact of Educational Debt ." 2005. University of California at Berkeley. 16 March 2011 <http://www.buildingmovement.org/artman/uploads/educational_debt_001.pdf>.
Kurzweil, Ray. "The Law of Accelerating Returns." March 2001. 16 March 2011 <http://www.kurzweilai.net/the-law-of-accelerating-returns>.
Newsline. "Rising Unemployment and Poverty Causing Suicide." December 2010. 16 March 2011 <http://www.newslinemagazine.com/2010/12/rising-unemployment-and-poverty-causing-suicide/>.
Reed, Jenny. "Poverty on the Rise in the District: The Impact of Unemployment in 2009 and 2010." March 2010. 16 March 2011 <http://www.dcfpi.org/poverty-on-the-rise-in-the-district-the-impact-of-unemployment-in-2009-and-2010>.
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