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Unemployment Benefits: The 99ers 

CBS News
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Even after an extension of unemployment benefits to 99 weeks, many of those about to go off the program are in a quandary. Scott Pelley talks to some of them in Silicon Valley.

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29 сен 2024

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Комментарии : 615   
@zoekenny3619
@zoekenny3619 3 года назад
Life lesson: if you earn 200k a year, buy a simple house and pay it off as quickly as possible and save as much as you can after that. People get lulled into imagining they are irreplaceable, will always have a high paying job and can afford an expensive lifestyle, but at the end of the day if you earn a wage or a salary you can be fired and replaced any time. Never overestimate your value to a company or institution, they will probably survive a recession but you are expendable.
@rj091710
@rj091710 2 года назад
Ill never forget when I graduated from high school my classmates and I were thrusted into chaos. We wait in line for 8 hrs just to get an interview! Not to mention the colossal lines in community colleges just hoping to get at very least an elective class. As we embark in this new economic crisis I pray we will all pull through again.
@nicholasthompson7690
@nicholasthompson7690 Год назад
@@rj091710 :/
@Showtheworld68
@Showtheworld68 6 месяцев назад
and loyalty doesn’t exist anymore even when you do MORE than your job.
@beckyzwhite
@beckyzwhite 4 месяца назад
Very wise words. Always be pessimistic and prepare for the worst. Sooner or later it will happen.
@SusanHolbert
@SusanHolbert 10 дней назад
So true, I have lived a simple life for years. My objective has always been to pay the bills.
@getagreatjobfast
@getagreatjobfast 13 лет назад
@hablerz You are right on the mark. Someone making $20,000 a year is spending $30,000 per year. And someone who makes $200,000 per year is spending $250,000... Everyone wants to live beyond their means and credit is the way they do it. The truth is, if you're making $200,000 per year you can easily live on $40,000 and bank and invest $160,000. But people making $200K have an image to keep up. Need the new Lexus, big home in an exclusive neighborhood, and in the end you're broke...
@acajudi100
@acajudi100 12 лет назад
I am blessed to have been born in 1942. I never have been on unemployment, and at 70, I am comfortable. I have always shared my income with others, who needed help, so God has blessed me so far....
@alanastone5241
@alanastone5241 5 лет назад
G.od is made up.
@caridadrevilla2439
@caridadrevilla2439 5 месяцев назад
Amen. God is faithful.
@beckyzwhite
@beckyzwhite 4 месяца назад
And may he go on blessing you.
@MHiggins
@MHiggins 5 лет назад
This feels like a hundred years ago and I just want to remind folks the reason that the collapse happened in 2008 was due to over priced unaffordable real estate has come back with a vengeance. The same problem states; California, Nevada, Florida and Arizona and now add on Texas, New York, Pennsylvania, and Washington State. The same issues and the same problem all over again. We will have another taste of this please be prepared. Please learn from the past.
@myyt3824
@myyt3824 Год назад
By the grace of God go we. My parents faired well compared to most during the GFC. My sister and I were in 8th and 10th grade in 2008. My dad was unemployed for only 4 months and my moms hours were cut by 1/4 for a while. But that was the worst of it. I’m we we and are incredibly grateful for how fortunate we’ve been. My sister and I are grown now with families and homes of our own. I pray no one has to suffer this again.
@ruzzelladrian907
@ruzzelladrian907 3 года назад
What's next? Homelessness, poverty, and mental illness. The United States, especially in the suburbs, is debt-based. 30 year mortgage, car payments, car insurance, property tax, and income tax.
@nazareehines-starr6297
@nazareehines-starr6297 6 лет назад
This problem of people not being able to retire also has an affect on the job markets. I'm an underemployed pharmacist and our market is so saturated that a lot of us are having a hard time finding stable employment. The pharmacist who are in their 70s and 80s still working are making an already bad situation worst for the rest of us
@adbc1f72
@adbc1f72 6 лет назад
Nazaree Hines-Starr Are those the ones that can retire? The ones that are 70 and 80. Standing in our space. A lot of them are greedy, selfish and don’t know it.
@richardsanchez9190
@richardsanchez9190 5 лет назад
So what you're saying is we should take all the old people out to the backyard and put them out to pasture?
@DarkroomMedia007
@DarkroomMedia007 5 лет назад
Yep
@DarkroomMedia007
@DarkroomMedia007 5 лет назад
@@adbc1f72 well you can see both sides of the coin because a lot of older workers health decline once they retire with no one to help take care of them.then on the other end they could be ruining the rest of their health by staying in their stressful jobs and keeping up the routine. I think it works for some as it does not work for. Ai Chihuahua! This is a very complicated on some levels.
@markandrew4974
@markandrew4974 5 лет назад
Fear and Greed. People are putting their trust in money and not trusting in God. THEY CAN NEVER GET ENOUGH OF MORE ! ! !
@PamelaRP
@PamelaRP 13 лет назад
I am a 99er and never have seen things so bad especially in Oregon. Unempoyment needs to be extended past that point. People need to get it regardless of how many weeks they have been out of work. 99rs have been out there experiencing the TRUTH. There are NO JOBS. I am panicing and it has been 1 1/2 years and companies do not care at all if you are out of work. Until the attutude changes in this world things will never ever get better here in Portland oregon.
@zbt60blkkar99
@zbt60blkkar99 14 лет назад
I became unemployed in 2003 at 56. Now I'm 63. No one will hire anyone at 59+. What saved America during the 1930's was WWII. Hence, the government (in the form of military service) put people back to work not private enterprises.
@YoniNadi
@YoniNadi 4 года назад
Two thousand people applying for five positions; perhaps the unemployed people living in the Silicon Valley should seriously consider moving to another state that has a vibrant economy.
@christine2270
@christine2270 3 месяца назад
How fast do we forget? This CAN & WILL happen again with the current presidential candidates.
@blaaket123
@blaaket123 13 лет назад
@moonrunrs I agree. I just got an entry level job and halfway through my MBA. I don't want to get too experienced b/c I don't want to get laid off 4 or 5 years now. F Corporate America
@stephenwaller4571
@stephenwaller4571 4 года назад
In the UK you get unemployment for 24 weeks. Once this time expires any benefits are means tested. If you have savings of over £16k or your partner works you get nothing. Im 60 this coming Monday and have been unemployed for 16 months. The same attitudes to older job seekers exist here.
@nicholasthompson7690
@nicholasthompson7690 Год назад
Wow
@johnreed9050
@johnreed9050 6 лет назад
A personnel administrator who likely had a hand in laying others off now finds himself on the receiving end of karma
@deborahlee63
@deborahlee63 5 лет назад
I know plenty of people that will be thrilled to make 475 a week but they don't have high over head.
@debbieframpton3857
@debbieframpton3857 3 года назад
That is more take-home pay than I made when I worked
@craighillcoach
@craighillcoach 13 лет назад
People times have changed! Look how technology has changed. 1) In 1935 released the first reel-to-reel tape recorder 2) 1960'S eight-track cartridge, eight-track tape, 3)The Compact Cassette, Between the mid 1970s often referred to as audio cassette. 4) 1990 A Compact Disc (aka CD) is an optical disc used to store digital data. 5) With the advent of the MP3 in the 2000s, BUT KIDS YOU GO DO WHAT YOUR GREAT GRANDPARENTS DID. GO TO SCHOOL, GET IN DEBT, THEN LOOK FOR SAFE & SECURE JOB! WAKE UP!!!!!
@boat6868
@boat6868 14 лет назад
What a sobering report. There is no easy way out of this...and more government debt is not the answer. Unfortunately as a nation we lived beyond our means or too long and as a result we are now forced to live below our means. I am concerned that the rebalancing period will take longer than most people think. In this economy when people lose their job I think an error many make is trying to preserve thier old lifestyle...they need to begin cutting expenses immediately...to preserve options.
@mikewillis44
@mikewillis44 5 лет назад
so reward the people that caused this. Like Goldman Sachs. Get a college loan, a degree, a masters degree. This is all a result of dishonesty and stupidity.
@tmf1977
@tmf1977 14 лет назад
@r135791000 and exactly how do you expect people to live on an $8 per hour job? Most of these jobs are only P/T. I took a hit accepting a position at a specialty market in comparison to collecting UI. I still took the job because I was going into depression and I needed to get out and work, but what I make now is $200 less than collecting UI. Seriously, some of you who are lucky to work F/T have no clue whatsoever how hard it is right now.
@gallantman44
@gallantman44 12 лет назад
My response to the person in Finland and all other European Nations. If our European allies would carry their own weight and defend their own shores my great nation wouldnt be in this recession. Its defense spending is why the United States is broke. Why must we defend all freedoms? I say to you. Defend yourself . Excluding England of course.
@francistansecoDOTcom
@francistansecoDOTcom 14 лет назад
Well done to that Lady Claudia Bruce, when I see you I will give you a massive hug. Keep it up
@willisapril
@willisapril 13 лет назад
in Massachusetts the economy is still good and there are still a lot of companies begging for help. But who the hell would want to live there ?
@francistansecoDOTcom
@francistansecoDOTcom 14 лет назад
There is a solution and all you have to do is know it and learn it, in fact you can ask your community to create your own money within that community and start supporting each other. This is being done in one borrough in New York and many other places. Do not let the bankers take your pride, your joy, your hopes, your life, and most especially your SOVEREIGNTY. There are loads of solutions out there, start relying on yourselves now and stop this elites greed.
@savgal1211
@savgal1211 13 лет назад
@almetcalf Wow!! We don't have a Retreat, yet. But have an Aunt in a very rural farming town, and another with 6 acres closer to us. My Spouse got a job where we are, and are hoping to get back home, when he can transfer. You are right, and people STILL stick their collective heads in the sand, The game has changed, and we are so far removed from how to be self sustaining.. We are getting htere, so are you!! God bless
@tmf1977
@tmf1977 14 лет назад
@delialopezforcongres Very true. Same thing happened to two little boys in Westchester County who opened a bake sale stand to help raise money for a church. A local councilman (a Dem no less) sent the cops to shut the stand down. These kids were required to have a $350 permit just to operate their stand. Vote for the candidate people--not the damn party.
@A22DNAL
@A22DNAL 4 года назад
The insensitivity (from people who are NOT in their shoes BTW) in the comments is just sad. Who would dislike this video? I look at these people and feel ashamed that they have been basically discarded. Granted, not everyone WANTS to take a step back once you've "made it". I can UNDERSTAND that sentiment even if it is not my own. You really must pay attention to the trend in this group of people: age, status, education. It is literally like the 99% of us are unsafe!
@TheGoldenEagle19
@TheGoldenEagle19 12 лет назад
Wow, if you can't find a job in 2 years then you know that person never bothered looking..
@geraldinenathan6257
@geraldinenathan6257 5 лет назад
Sadly, you are so wrong! There are many reasons people cannot get work. It is seldom the lack of available work. That is probably the least of the reasons people cannot find work. President Lincoln freed people who were slaves from being exploited. For many years black listing existed. That was an assault on freedom in America. Hollywood was particularly prone to blacklisting. The author of "Masters of Deceit," who was also the head of the FBI said that the black listing occurred because there was an undercurrent of hatred by those who were either socialists or communists. Others found it difficult if not impossible to find work. The Chaos which evolved from that situation led to the Great Depression. People who were formerly millionaires went broke when the the stock market crashed. When half the country became unemployed there were no consumers. No one had the money to buy anything. The despair that darkened America was unparalled. The newest black list is against Christians and other religions. Exactly why Christians are targeted for discrimination may have to do with the fact that they are pro-life, opposed to same sex marriage, and believe that the ten Commandments should be obeyed. In other words Christians are good people. If a study was done to find out the moral compass of those who are denied work, it would be obvious why they were not hired and who it was that rejected them. Never assume that people are not working because they are lazy. Think about it. People do not choose poverty. When parts of South America became Socialist the economy sank. People were eating out of garbage cans or fleeing the country. Places like Los Angeles have followed their lead. There are no available jobs. 61 million people have fled to other states. Many of those remaining live in tent cities. It is tragic that people have to live like animals. Families with children are particularly singled out for discrimination. Wake up Mr. Vamvakaas, there is a Native American saying, "Never judge a man until you have walked a mile in his moccasins."
@349mikval
@349mikval 14 лет назад
The rich get richer and the poor get poorer and the gov's could care less. It is a real shame to do the public this way.
@chuc555
@chuc555 13 лет назад
Networking is the secret to getting a job nowdays, You almost have to know someone to get a job at Wallmart or Mcdonalds . If you apply for a job and go against 2 or 3 thousand other people you have about a snowball in hell of a chance of getting it. A lot of former superstars are on their way to the poorhouse now.The kind of jobs being created now are low wage service sector type employment. the US has lost most of its middle class type manufacturing jobs.
@nobskinoff
@nobskinoff 12 лет назад
just found myself unemployed for the first time in 37 years.. Hell its tough out there. They say ur only 4 pay checks from skid fucking row they are correct. Shit hot guitar player, and hardly any venues that want to pay u to play,Never thought i would go busking on the streets. A message to our leaders. if people loose their jobs to a bank lead recession we should not be forclosing on their homes. Let them pay what they can till they get back on their feet. Be afraid of the masses.
@overseachininadoll
@overseachininadoll 14 лет назад
Now The stock market is high and the businesses are making tones of profit because " selling overseas are great"as they say on the Wall street. But do they know that they are competing with the foreigners their own businesses and their customers too? Do years can these go on they they think?
@savgal1211
@savgal1211 14 лет назад
I feel bad for many of these people , it is horrible. Yet, I do see people living WAY beyond their means. I wonder if some of these people did not use thir homes as ATM;s. People always, always should live below, BELOW what the earn,like the lady in this interview who has had a house since 1982 and she is about to lose it. Well, shouldn't that house be pAID OFF by now? Her fault for borrowing out her equity
@chingon711
@chingon711 13 лет назад
i think helping these people survive through thee worst recession in our nations history is a necessary evil...as long as receiving these benefits stipulates that they are required to return to school to learn a trade, we should do whats needed to keep a roof over their heads.
@Logan30001
@Logan30001 12 лет назад
I feel so sorry for that lady.
@psiewert83
@psiewert83 12 лет назад
An overwhelming majority of unions are only in existence for collective bargaining. I live under the common sense philosophy that if you dont want to work as hard as a job requires for the amount of benefits and compensation you get, you should quit or don't take the job in the first place. I'd love to hear of a union that does not believe in using strikes to force companies to pay them more.
@se7ensnakes
@se7ensnakes 13 лет назад
@savgal1211 you are right but ...even though you dont have debt...it is debt that creates money. Money = debt. So if you dont borrow there is no money. And if there is no money there is no commerce. I hope these Americans learn what is fractinal reserve banking, where is the income tax going, and the fact that the Federal Reserve is working for banks and not for the people. Then take that knowledge and vote accordingly.
@Duske3000
@Duske3000 13 лет назад
Hi I have a question: Are people ever entitled jobs? Basically, does each and every human have the right to have a job?
@celticsarebest
@celticsarebest 14 лет назад
whats going to happen with tier 5? This story was so shocking I almost could not believe it!!!!!!!!
@Dogbullet
@Dogbullet 6 лет назад
9:16 is it me or does that bread look a little green?
@MrNYCman530
@MrNYCman530 12 лет назад
Since unemployment pays $400 a week, I guess that's why people won't take a job for anything less than $14 or $15 an hour.
@futurejewoverlord9109
@futurejewoverlord9109 6 лет назад
I love it, punish those who produce by taxing their socks off an rewarding the ones who don’t with unemployment checks and all that other nonsense
@thequintessential5503
@thequintessential5503 4 года назад
The 99ners name sounds like a sports team 🏀 🏈 ⚾️
@JohnAlvarado-th7tt
@JohnAlvarado-th7tt Год назад
🇺🇲FOUR JOBS AVAILABLE 2,000 people applied 🇺🇲
@getagreatjobfast
@getagreatjobfast 13 лет назад
@patsyd80 If YOU have compassion and empathy, then it is YOUR duty to help your fellow man out from your own wallet, and to be a steward over your OWN resources and do what you can to assist. But to use government to take the fruit of MY labor by force so you can give it to your poor neighbor is theft, not charity. And that is the problem in our nation today. The ignorant in our country continue to vote for politicians who promise them things and fritter away their freedom.
@getagreatjobfast
@getagreatjobfast 13 лет назад
@Onneff69 This is the philosophical issue. The little guy NEVER wins this battle which is why I am against BOTH of these philosophies. If you believe it's okay for government to steal from your fellow man to give to an unemployed fellow man, then it's okay for the government to bail out businesses that are too big to fail. When you get into that game it's all over. If YOU want to give YOUR money to help your fellow man have at it. If you want to force me to give to your friend, I'm against it.
@masterchiefgtx
@masterchiefgtx 13 лет назад
WTF...I got hired at 2 jobs within 6 months...one paying $30,000 a year and my current job which pays about $60,000 a year....what the fuck are these people doing????
@larryh502
@larryh502 7 лет назад
That first lady out of work for over two years they asked her what she would be willing to do-"the lowest position I would consider is a county clerk"! She really must think her shit don't stink.
@trunuyorker7
@trunuyorker7 12 лет назад
I have a master's degree and have been out of work for almost 2 years. Please don't make rude comments about people who receive unemployment benefits.Things are a lot harder than you think. Just pray it doesn't happen to your or your family.
@eclipsedeucy1144
@eclipsedeucy1144 3 года назад
I understand how you feel,but think about how people who have been struggling before covid-19 been mistreated by those who are more fortunate. Now those same fortunate people are in the same situation as the poor.. karma has caught with America for being greedy and selfish to the poor.
@shaneourada3013
@shaneourada3013 2 года назад
Hello...agreed 100% I never post anything online because I am blessed to have a job! And posting things online is a huge waste of time! Have some compassion for those that are still hurting, and suffering!
@razojacqueline
@razojacqueline 2 года назад
I’m wondering how you are doing now that everyone is hiring?
@trunuyorker7
@trunuyorker7 2 года назад
@@razojacqueline Hi Raquel, I’m currently working part time by choice at a daycare. I don’t really like it but at least I have some income. Thank you for asking!
@razojacqueline
@razojacqueline 2 года назад
@@trunuyorker7 I’m glad you are doing better. Wishing you lots of good fortune.
@vaguy78
@vaguy78 11 лет назад
I watch these stories and think "by the grace of God go we". That could have been us. My wife and I have been so lucky that we have avoided unemployment. I pray for these families.
@Luis-xr6ec
@Luis-xr6ec 4 года назад
As a 23-year-old young professional working 40 hrs making good money; the thought of loosing my job is frightening.
@Zincink
@Zincink 10 лет назад
It would be nice if they re interviewed these people, it is very heartbreaking that we have to struggle so much to survive.
@idarkstarx6939
@idarkstarx6939 2 года назад
There is an economic reccomendation to that effect where they put them on contract to say effectviely "hey when we can you'll be interviews first before new blood". Or was it a law...
@kipperlane4988
@kipperlane4988 6 лет назад
I was in California back in 2011, I knew that our economy was in deep trouble. Jobs were very scarce. I left after 9 months of not being able to land a job.
@nicholasthompson7690
@nicholasthompson7690 4 года назад
Kipper Lane Where did you go?
@randomguy3579
@randomguy3579 11 лет назад
PEOPLE NEED TO LEARN TO LIVE MODESTLY FOR THE NEXT DECADE. GET RID OF YOUR DEBTS NOW.
@debbieframpton3857
@debbieframpton3857 3 года назад
I'm 67 and that is something I have always followed never carried any debt I worked a job in retail retired 2 years ago no pension just Social Security I do have a small 401k and Roth IRA and I have about a Year's liquid savings paid off my mortgage no car payment if nothing else I hope people have learned from this pandemic about Job losses if and when you get back to work never spend more than you make no matter how small save
@drewconway7135
@drewconway7135 3 года назад
And you expect them to learn this by… screaming at them? Good luck with that.
@billykobilca6321
@billykobilca6321 5 лет назад
Inflation is higher than your led to believe. Devaluation of money has painfully happened. Outright greed of the species.
@zjones9876
@zjones9876 5 лет назад
There but by the grace of God go we. I lost my job in 2008 and did not secure solid full time employment until late 2010. I am grateful for the extended unemployment benefits as we were able to keep our home. The backup plan would have been to move in with my parents.
@erdingtown
@erdingtown 12 лет назад
germany had it right. they paid for half the salaries of employes of companies who were in a downturn. better to keep them working and spending, than collecting un employment benefits
@mikesawyer4707
@mikesawyer4707 4 года назад
Sell your large home get something smaller. Go down to one car. Buy bargain food and products. Visit your local food pantry. Sell expensive clothes. Shop at a local department store for clothes, or lical good will. I did all of these things and I am still just getting by. Remember your four walls take care of those expenses first. Utilities, food, and gas for your only car. God bless.
@debbieframpton3857
@debbieframpton3857 3 года назад
Even in Good Times people need to revert back to spending less and save money I've always shopped garage sales Goodwill these type of places I bought a small home took a 30 year mortgage and pay that house off in 14 years no car payment no debt I worked retail 20 years quitting 2 years ago my only income is social security of 1069 and as soon as that hits the bank I put $200 straight to savings I'm living in Illinois I also shop markdown areas of the store for meat and other products. I do believe people are learning to live on less because we're being forced to so when times get good again keep some of those ideals in place
@jacksonfev
@jacksonfev 12 лет назад
I bought a car for 1000 dollars. It runs, gets 35mpg, and is a perfect commuter. 1k is not hard to come up with...If you are collecting unemployment, I'm sure you can come up with it. I would sell your current car, it's not permanent and you can always get a better one when you are in better shape. What's your masters in? I have no degree, I have lived off of ramen noodles and sandwiches for months at a time, I had to take a pay cut until I found a better job in another state.
@YoniNadi
@YoniNadi 4 года назад
Jackson Fever . If these skilled people would do what you have done; they wouldn’t need 99 weeks of unemployment benefits! They seem to be clinging to the good times, and are very reluctant to let go of the good times.
@SnapItBaby
@SnapItBaby 13 лет назад
I'm old now and worked hard all my life. I lived frugally and still do though I don't have to anymore. Does anyone else remember all the folks who didn't all those boom years in the 80's, 90's and till 2008? When I see people my age blustering about having, "Worked hard all my life!" I want to ask, "Hey, weren't you one of the jerks I saw wasting their money on nifty vacations, too much house and worthless toys?" Truth is, when bad times come and you're not prepared, you suffer.
@equaltemp7075
@equaltemp7075 3 года назад
When you've been earning $200,000 a year, $475 a week for unemployment is small. In my state, average weekly unemployment benefit: $111.
@nicholasthompson7690
@nicholasthompson7690 Год назад
Depends where
@gnahthe
@gnahthe 6 лет назад
Just gets to show that you always have to have your own side hustle while you work for a company. Build it slowly and steadily. If the company pick slips you, your side hustle could keep you from drowning. It may even eclipse your company pay over time. Then you have control and options. Always have a side hustle and stack that money.
@nlch891
@nlch891 5 лет назад
gnahthe I was just saying the same to my husband..currently looking ideas for small business
@DarkroomMedia007
@DarkroomMedia007 5 лет назад
I have to agree. even if you have a small skill you turn into money from time to time already. If you're unemployed you can go full-steam ahead with it. Like if you sell your own organic products once a month at a flea market, you can make it be every weekend if you got more time on your hands to cultivate that business for CASH FLOW 💲💲
@Dunnolol101
@Dunnolol101 4 года назад
What could you do though? Im getting older, taking on several bills and im terrified to really start to further my life at the moment because im financially paranoid at the moment. Like I work really hard but im so average at everything I do. I start thinking im good at guitar! But there are people way better etc... I need to figure something out. I dont think im genuinely passionate about anything other than creative writing. Im so anxious I have trouble creating meaningful connections that could help so I probably need to work on that
@jrowlet
@jrowlet Год назад
Do Uber, Lyft, or delivery driving as starting side businesses and then build bigger side businesses from there. Those delivery and driver apps allow you to choose your own hours and can pay you each day (if you have bills that need to be paid right away).
@truthkeeperfilms
@truthkeeperfilms 5 лет назад
In a recession, degrees do not matter. At that point, its about experience. 2008 was all about greed, depending on a system. And that system is made of debt. The sad thing is people depended on this stupid system of stocks, IRA, 401k.. yet, none of them invested in actual, stable assets like gold. Amazingly, gold was the only thing that exploded up while everything went down. Reality is, America was humbled. To see Americans lining up for food is unthinkable, yet, we're going to see this happen again soon. Another real estate bubble, a HUGE bond bubble, and stock bubble is popping before our very eyes
@Network126
@Network126 12 лет назад
I'm the guy who was interviewed on RT news (Unemployed 99er speaks out). I've been job hunting everywhere under the sun since JANUARY 2009! I can build and repair computers, but don't even get called back by McDonald's! I'm living in my dad's dining room, fixing computers from home for $40 to survive (everyone around here is on welfare/under-employed and can't afford what my services are actually worth - $100+). There's just no jobs, and I can't afford to move anywhere. Can't even drive anymore.
@S0nyToprano
@S0nyToprano 5 лет назад
That guy didn’t even know how much a week he was getting in unemployment. Nice (sarcasm)... I remember what I got when I had to go on it: $150 a week and then the second time: $270 a week. Don’t know how you forget. It’s humiliating but also a lifeline. I was never on it for more than 3 months.
@Network126
@Network126 12 лет назад
Check out my unemployment rant, here on my Network126 channel - It's my "Part 2" of the original RT interview. I've also got cool videos of how to charge your cell phone with the sun! -Brian
@WallaceRoseVincent
@WallaceRoseVincent 6 лет назад
I wish 60 minutes could revisit everyone and see how everyone ended up now that the economy is at full employment.
@shaereub4450
@shaereub4450 3 года назад
This didn't age well.
@WallaceRoseVincent
@WallaceRoseVincent 3 года назад
@@shaereub4450 Yeah, I'm not being political. I don't want to argue. However, I do believe that Trump's handling of the economy was excellent. He could fire up the economy with deregulation. Biden is going back free trade with China. I agree free trade will be an initial boost to the economy, but we restart the massive wealth transfer China again and begin the job destruction again. And this time I think (if Biden comes to power) he deploys modern monetary theory and the country ends up poorer and weaker.
@thedhive6512
@thedhive6512 3 года назад
@@WallaceRoseVincent Hopefully you had that same energy with Obama. Because Trump did the exact same thing as Obama lol
@angelyda
@angelyda 10 лет назад
this is too sad :(
@Ducthy2009
@Ducthy2009 6 лет назад
Phd Masters and no plumbers. We ned plumbers and builders. Americans are not so bright lol
@LadyCoyKoi
@LadyCoyKoi 4 года назад
I focused on degree programs that were needed. I went into education and then medicine, seems like I have to go back to school for funerary services. 😑Education system keeps hiring family and friends, not the brightest of employees either. The education system is failing students by hiring incompetent, ill-experience people, because they hire sons and daughters within the office. I had gotten more calls by funerary homes than from schools... that is how bad the education system is. The problem with building and plumping is that those are male dominated fields. Even if women went into those fields, became top graduates and have a lot of knowledge, because they're women they won't get hired.
@caridadrevilla2439
@caridadrevilla2439 5 месяцев назад
Anyone watching this in 2024?
@beckyzwhite
@beckyzwhite 4 месяца назад
Indeed so. Watching from the United Kingdom. Things are just as bad over here.
@cheezbag
@cheezbag 9 лет назад
"Too young to retire and too old to rehire." -Scott Pelley. Why on earth do people need to work into their sixties for retirement? Retirement for the majority of Americans is a myth. Also Congress is proposing to increase the retirement age. If anything they should lower it. We live in the 21st century.
@camillefedrick5973
@camillefedrick5973 8 лет назад
Exactly.
@KOMALRANI-273
@KOMALRANI-273 7 лет назад
cheezbag
@luzfigueroa1550
@luzfigueroa1550 6 лет назад
What!!! Raise the retirement age? Now thats just adding insult to injury. Im so disgusted in America as a whole.
@eddenoy321
@eddenoy321 6 лет назад
Luz Figueroa They are gonna raise the retirement age to 76.
@Paul-gz5dp
@Paul-gz5dp 4 года назад
The best thing is first sell the house and move where you can live when this happens and hope that you do not get robbed by the police before you spend your money from selling your home.
@nicholasthompson7690
@nicholasthompson7690 Год назад
I had to leave my home state (Ny) and move to sw Ohio in March 22. Cost of housing in Ny is insane.
@mrsalviboy94
@mrsalviboy94 5 лет назад
So what I've noticed is the majority of people are not aware of the economic cycle we have every 10 to 15 yrs. I saw what happened on 2008 and I lived through the lanes at the local church to get free food.. my parents were pay check to pay check and up to these days it hasn't change.. which led me to find answers and people who've made it and aren't surviving and it is possible to avoid all the hardships of an economy recession and prepare for later years, I changed completely, all my spending habits, instead of spending on pleasures I invested on myself, books and courses. I've learned you must pay yourself first and place that money to work so payer on your money will work for you. I recently turned 25 and I found the way to financial freedom for my later years. These people thought their employer and government would take care of them once retired but as we all have seen that's not the case nowadays. Is truly sad, and the next recession is coming. Don't spend of things you don't need like a 500-600 dollar car payment and a mortgage you can't afford while making less than 50k a year it just doesn't work! If you made it this far, I'd like to recommend "The richest man in Babylon" that book has the key to become wealthy, the rich simply know things we the common folks don't, there's plenty of money for everybody but you need to chnage within and have a different mindset, do it for your future.
@RV-mp3xz
@RV-mp3xz 5 лет назад
I am a 59 year old construction worker in Texas and was told I have to speak Spanish to work in Texas
@Zincink
@Zincink 10 лет назад
Just face the fact, we are overpopulated and baby boomers cannot afford to retire. With overpopulation, people not retiring and the ability to pay cheaper salaries for overseas work makes for an unstable economic environment.
@tycobandit
@tycobandit 5 лет назад
zincink the Great Recession was a chickens coming home to roost moment for baby boomers. And they wonder why gen-Xers and millennials are so cynical.
@tycobandit
@tycobandit 5 лет назад
Audio most of those boomers instead saving, and telling their kids that they are going to have to pay for there own college. signed loan agreements to refinance. And most of them did it so they could add a pool, gazebo, kitchen & bath remodel. Apparently, simply having your house paid off wasn’t good enough.
@jacksonfev
@jacksonfev 12 лет назад
Unemployment can actually pay as high as 600/wk. It depends on your state and how they calculate it. A guy I knew was collecting unemployment in Texas and getting close to 2k/month. With that and financial aid because he was in school, he was making enough that he lived comfortably. He would apply for jobs and put ridiculous expected wages in order to not get hired to keep his unemployment. Some people are REALLY trying to get a job, some people make them look bad, such as that guy.
@blobbyblob2573
@blobbyblob2573 10 лет назад
200,000 wow where is the money? We earned less but bought a modest home and paid off the mortgage. 475 a week wow...
@nazareehines-starr6297
@nazareehines-starr6297 5 лет назад
It's probably the mortgage, property taxes, deductibles, maybe carnotes and saving for their kids college. Now maybe they could have purchased a cheaper home
@MonChiCle
@MonChiCle 4 года назад
Sillicone valley, san jose, san francisco rents/ mortgage are exagerating high. 200k is nothing there.
@jpmdr.
@jpmdr. 4 года назад
We need to talk about automation and job losses. No matter who gets into wh, one must solve the problem automation destroys jobs, 80m in 16 years, according to an article by Merrill Lynch. Automation destroys jobs and towns. What to do? No jobs, no family, then addiction and depression...scary
@azenkwed
@azenkwed 3 года назад
I don't understand why Americans keep financing their lifestyle with dept. I mean, the only thing you should have to pay back is your mortgage. Everything else, you save for it and buy it when you have the money. There is a simple rule to live buy with money earned: Save/Invest one third, pay your Rent/Mortgages bills with one third, and the rest is your spending money. If you can't afford something with the money you have immediately at your disposal, then don't get a credit. But for Christ’s sake, stop making purchases with money you don't have.
@almetcalf
@almetcalf 13 лет назад
@savgal1211 It is amazing to me how few people are willing to do what you did. We also sold our house 3 years ago, moved 1200 miles, paid cash for a country place and are out of debt. People didn't see what was coming then and they don't see it now. All signs point to it getting much worse. Unless of course they take us to war. But even then it will be bad.
@peternorthrup6274
@peternorthrup6274 4 года назад
Not one person in this interview produced a thing. They are all managers or VPs. Companies have finally started asking people to really work. 1 person can do the job of 3. Don't like it. Walk.
@KarlBonner1982
@KarlBonner1982 13 лет назад
@Dems4Lunch Or maybe the workers should start demanding better treatment on the job. Ever heard of something called "workers' rights?" Or is that phrase considered an obscenity in the Glenn Beck Conservapedia?
@markhorton8578
@markhorton8578 10 лет назад
In reply to mystereojones, since as you point out the question was never asked, I find it quite extraordinary that you know the answer, presumably by some telepathic means. I find your ignorant arrogant and callous attitude a little sickening, but like your imaginary knowledge of the answer you probably imagine that it is fine.
@denisebblack609
@denisebblack609 10 лет назад
.....deleted by author
@kngston20
@kngston20 2 года назад
I knew Silicon Valley was unsustainable and I took advantage of the downturn to buy a home in SoCal/OC and moved in 2010 during the great recession. Scariest move in my then-young professional life but I knew the writing was on the wall with those crazy real estate prices in Nor Cal. People need to see what is coming and make chess moves before they get caught, I don't really have pity for them, but I do wish them well.
@KJ1452
@KJ1452 12 лет назад
This makes me want to save every extra penny I have. I think so many people never thought they would be unemployed long-term. But I really feel for those who have children. That has to be tough!
@Paul-gz5dp
@Paul-gz5dp 4 года назад
I did not have that when I lost my job in 2017. If I am going to loose my home I would rather sell and find a place in the middle of nowhere.
@RobertSmith-rp3xk
@RobertSmith-rp3xk 6 лет назад
99 weeks is a lot of time to find "a" job. But maybe not enough time to find one that paid as well or near as well as what they had before.
@TonyaWestSheppard
@TonyaWestSheppard 5 лет назад
I was unemployed for longer than 99-weeks. When I finally found a job it was a huge pay cut but I was so happy to be working again. 3-years later my salary has doubled and I'm slowly working my way back to what I used to earn. The struggle is real.
@DarkroomMedia007
@DarkroomMedia007 5 лет назад
If there is deep-seated discrimination against older workers, 99 or 200 weeks still would be enough! 🤣 That picture that is, an older worker sins in the resume, they zoom all the way down immediately to high school 1962 graduated and probably slide it into the shredder. NEXT!!!!! It's in the can before they see the person's name! 😳 by the way, I'm not for one moment believe that this is completely Nationwide from one end to the otherthem discriminating against older workers. Just today a silver-haired lady was introduced to our team as the new employee! Nothing new down here in in Florida working office. I think those big cities are very discriminatory and don't like to project too much maturity onto their image. there are ideal candidate would be someone 21 years old with the brain of an 81 year old. 😆
@brandonwombacher2559
@brandonwombacher2559 5 лет назад
If I was them, I would take any job just for a paycheck but they won't cause they want a certain lifestyle and the women never will cause they only go for upward prospects
@YoniNadi
@YoniNadi 4 года назад
I see that most of these people are very reluctant to migrate to another state that has an economy that has plenty of job opportunities for them.
@getagreatjobfast
@getagreatjobfast 13 лет назад
@zvz2010 I'm with you. I have over 20 years of technical and business administration experience. And a couple of years ago I found myself unemployed and took a job as a school bus driver to pay the bills. You have to do what you have to do sometimes. I have a better job more related to my background now, but still a contractor hoping to get a permanent position. Definitely a different world out there. Best wishes to you.
@techbit7607
@techbit7607 4 года назад
It's labor deletion, praying won't bring the jobs back.
@adamducas9030
@adamducas9030 5 лет назад
The woman in the beginning of this video that said a county clerk positon was "the lowest she would go" explains it all.
@Lobos222
@Lobos222 12 лет назад
@psiewert83 "A privately held company is under no obligation to give an employee a raise to match inflation." That is correct and thats why workers with rights have unions to negotiate with the company on whats fair.No workers working, no profit ether. Its a two way street. Of course you cant see why infaltion is a argument.You want people to become poorer and poorer. Because thats what would happen if you didnt get a raise to even offset it.You would effectively be paid less for the same job.
@YoniNadi
@YoniNadi 4 года назад
What’s the job market like now in 2019 in the Silicon Valley ?
@JPHET37
@JPHET37 13 лет назад
I'm 40 now and still employed as a field service technician in the Bay Area. I've worked hard all of my life. I've never asked for a loan from the government when I was going to college. I was working full time to support my family while going to school. I wish I can help out everyone out but there is just so much of us-Americans. The world can be a better a place if we all show our kindness and caring. Have God's faith he will reward you.
@acajudi100
@acajudi100 12 лет назад
I would open my own babysitting service, cleaning etc., then to sit on my behind for 2 years or more! Any job beats a zero!_
@geraldinenathan6257
@geraldinenathan6257 5 лет назад
YOU ARE RIGHT. THERE ARE MANY JOBS THAT CAN BE SELF EMPLOYMENT. ANSWERING SERVICES, DOG WALKING, TYPING OR PROOFREADING SERVICES, STUFFING ENVELOPES, POLLING, FREE LANCE CREATIVE WORK, SHOPPING FOR THOSE TOO BUSY TO DO IT, TOUR GUIDES, SEAMSTRESS, CAR WASHER. FREELANCE REPORTER OR PHOTOGRAPHER, SUMMERYS OF MANUSCRIPTS FOR PUBLISHERS (READERS) WRITER OF MAGAZINE ARTICLES, NEWSPAPER OR BOOKS. PARALEGAL (i.e. RESEARCHER). THE POSSIBILITIES ARE ENDLESS,
@vaguy78
@vaguy78 12 лет назад
I lost my job in Aug 2008 and did not find full time employment again until May 2010. Thankfully I fought for my unemployment benefits and was able to get temp jobs and by the grace of God did not fall behind in any bills. I wish the best to everybody out there who is looking for work.
@biffgeorge8028
@biffgeorge8028 11 лет назад
If the government calculated the unemployment rate today the exact same way using the excact same methodology (unemployed+underemployed+leaving labor force+taking disabilty instead of working, etc.) of the Great Depression, then you get a REAL UNEMPLOYMENT RATE OF 23%.
@Network126
@Network126 12 лет назад
THUMBS UP! Wow, a MASTERS DEGREE?!!?!! Still unemployed? Why should I get a degree? Yep, that's how it is these days. Lots of dumb assholes just don't get how hard it is, and just want to point their fat fingers at people like us, and have the nerve to tell us that we're just being lazy, have the wrong attitude, or can't write a proper résumé, etc. They like to say thet there's plenty of jobs out there, and that if we really wanted to be working, we'd have a job. Check out my unemployment rant!
@apllu17
@apllu17 Год назад
Too young to retire, too old to re-hire. 😮
@Onneff69
@Onneff69 13 лет назад
@Dems4Lunch Yes - but plenty of rabid pro-corporatists here think that's perfectly fine! The lack of empathy here is utterly amazing. Then again, maybe not.
@peternorthrup6274
@peternorthrup6274 6 лет назад
so many jobs you can do but you wont. 200.000 per year. are you kidding. Trust me. your not worth it. only you think your important. What did you do to possibly think you add to the bottom line. only a fool thinks like that.
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