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Reply to "It’s so hard to screw up in your childhood, and it’s hard to break into a good career deep into adulthood "
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[quote=Anonymous]It's the economy - not you. There has been so much corporate consolidation in the past 10-15 years that there are just no good jobs anymore. Lets say there are 50 grocery stores in the economy. When you have 10 companies each owning 5 stores, for example, you need 10 vice presidents and 50 managers and there is a lot of movement and upward mobility. When you have 2 companies each owning 25 stores, you need only need 2 vice presidents - so each of those 50 managers basically stays at the managerial level. The Magnificent 7 control 60% of the U.S. GDP in 2024, up from 10% in 2014. 7 companies control more than half of the economy. And it's only going to get worse as corporate consolidation creates an economic death spiral. [/quote]
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