Recent economic numbers might appear promising, as touted by the Biden administration, but not everyone seems to agree with this positive outlook. Expressions of frustration have been voiced by young voters struggling to secure employment even after acquiring degrees in their preferred fields of study. Their dissatisfaction has found a platform on social media platforms like TikTok, where many are openly sharing their struggle to find jobs that match their qualifications and provide reasonable pay.
Further conversations around the issue reveal that there is a palpable sense of frustration and disappointment in the current labor market. For many young people, it appears that working hard no longer guarantees economic security or career progression. This resonated in comments made addressing young individuals, encouraging them to go the extra mile and work harder, even if it means working six or seven days a week.
However, this perspective was challenged when the increasing rates of everyday commodities were highlighted. Prices of everyday items, including eggs and milk, have seen a drastic increase since President Biden took office. While the President acknowledged that there's more work to be done, many individuals are grappling with the harsh reality of affordability given the challenging economic environment.
Although some positivity emerges from the holiday shopping season, indicating a slightly better consumer mood, the Biden administration has been chastised for what some call reckless spending. The concern is that this trend of big spending could potentially spiral the economy into a recession in the coming year. Increases in interest rates and the tightening money supply may offer a temporary solution, but it arguably brings more harm than good in the long run.
The struggle of young people, particularly those entering the job market for the first time, casts a shadow on the current economic landscape. Notwithstanding the deprivation they face due to higher levels of prices and interest rates, criticism is equally pertinent towards the educational system in the country for not preparing students for this economic environment.
The crux of the matter is not just about waiting for economic woes to lift, but also about fostering an environment where young people are better prepared to face the prevailing economic challenges. This gives rise to a pertinent question: Is it fair to ask young people to work harder in an economy where it's becoming increasingly difficult to make ends meet?
