Survey finds recent high school grads expect to earn $90k/year by age 30.

[SebC]

Originally Posted by Slava

Or because the young workers think they have enough experience to run things, but won't realise for years to come that they in fact did not.

I doubt the non-retirees are staying on as a gift to their companies, rather than for themselves.

[V]

You gotta love those altruistic old-timers. Sacrificing their prime retirement years to help keep the company afloat.

[Slava]

Originally Posted by V

You gotta love those altruistic old-timers. Sacrificing their prime retirement years to help keep the company afloat.

I get your point, but I didn't mean it exactly like that (although there is a large segment of the population both young and old that believes they are virtually irreplaceable and the business would fall apart without them).

What is happening though is that companies are bringing back retirees as consultants or to work in a more limited capacity. This is because while the younger generation thinks that they can handle everything and would be fine, senior management would prefer not to find out. Another reason is that retirees would be leaving good jobs and still want to do something productive with their time.

[WilsonFourTwo]

Originally Posted by Slava

Another reason is that retirees would be leaving good jobs and still want to do something productive with their time.

Which could be seen by some as another example of selfish behavior by the most selfish generation. But that is probably an entirely different thread!

[Slava]

Originally Posted by WilsonFourTwo

Which could be seen by some as another example of selfish behavior by the most selfish generation. But that is probably an entirely different thread!

Well as a guy who considers himself to be part of the younger generation I don't agree with the idea that the younger people can't handle the work either! I am starting to see that wisdom though...I'm 35 and I look back 5-10 years and realise how much I've learned and have to admit that I'm much moreuseful today.

When I came out of school I kept hearing about amazing opportunities because of the number of retirees. Here we are and the opportunities are still yet to come in that respect. I definitely would've called that selfish in my eyes a decade ago! Today I'm a little more on the fence, although some of these guys should really pack it in.

[squiggs96]

Originally Posted by Slava

I get your point, but I didn't mean it exactly like that (although there is a large segment of the population both young and old that believes they are virtually irreplaceable and the business would fall apart without them).

One of the best pieces of advice I received was that every single person is replacable. I learned that in the restaurant industry when I was by far the best line cook at the time. I thought the place would fall apart if I wasn't there. The kitchen manager was fired and the place moved on without him. There was always someone available to step in. I realized in the grand scheme of things that I could never come in again, and the place would continue with business as usual. There may be a little bit of a bump for a week, but after that it would be like I was never there.

I keep that with me now. It keeps me grounded and keeps me driven to always prove myself. I know I'm valuable to the company, but I'm not invaluable.

[V]

Finger in the bucket, that's my motto.

There may be a ripple or two when you remove your finger from a bucket of water, but pretty quickly you wouldn't notice that something used to be there.

[ma-skis.com]

Originally Posted by squiggs96

One of the best pieces of advice I received was that every single person is replacable. I learned that in the restaurant industry when I was by far the best line cook at the time. I thought the place would fall apart if I wasn't there. The kitchen manager was fired and the place moved on without him. There was always someone available to step in. I realized in the grand scheme of things that I could never come in again, and the place would continue with business as usual. There may be a little bit of a bump for a week, but after that it would be like I was never there.

so very true, really the only people that get screwed over are your friends working the next couple shifts for the week. the company is usually just fine. I used to tell new staff if they're gonna quit, tell someone so we that we could at least be prepared for it at the very least out of respect for the other dishwashers or line cooks.

[RinkRat]

The uneducated shall rise up! I joke but 23 and making 85-100k depending if I withdraw my banked time.... but I realise Im lucky to be where I am with no post secondary, My older brother more so as he dropped out in grade 10 and makes more.

[macker]

Not good news for high school grads : The Canadian economy shed 54,000 jobs last month, countering expectations for a gain of 15,000 and driving up the unemployment rate up to 7.3% from 7.1%. It was the biggest monthly decline in jobs since February 2009. BMO Capital markets point out that job losses of this magnitude in a single month are extremely rare - at least outside of recessionary periods. Oh well.....this is now.....lots of time and when they are ready that $90,000 will be there...right....pretty please....

[Mr.Coffee]

I have a friend who more or less out of boredom and being a poor guy decided to go join the rigs, he'd paid every bill he had off and was travelling the world still holding the job down in basically 1 paycheque.

It is true that if you stick with the rigs, stay off drugs and learn the ropes, you will make so much money you won't even have a clue what to do with it all. There are major issues with rigs and availability in western Canada... not so much the rigs themselves, but the fact they can't staff them adequately. My friend literally drove to Edmonton, walked into an office, asked if he could work, passed the physical and was on a rig in a matter of a couple weeks. They couldn't hire his ass fast enough. Anybody who is serious about making money doesn't need to even think that outside the box... it's just the lifestyle and job itself that might make one hesitate.