3 economic problems

3 Economic Problems We Are All Facing In Society

Many of us these days are facing economic problems. Specifically, there are 3 economic problems that are very common in this modern economy. 1. Lack of job opportunity. The young generation, commonly called Millennials, has been called the most over-qualified, under-employed generation. Many receive college degrees and are not able to find gainful employment in the economy. Put the additional problem of student debt on top of this, and we have a huge population of young people who are willing and able to work but are not able to find the right opportunities in the job market. 2. Lack of job advancement. The recovery after the Great Recession of 2009 has often been called a jobless recovery. Because of this, those that already had jobs have experienced stagnant wages. With everyone barely hanging on to the jobs that they have, and so many qualified people looking for jobs, many who have experienced being stuck in their current position with no raise, no opportunity for advancement, and scared to death of leaving their jobs. 3. Stagnant wages. As many know, facts show that median wage levels have not gone up in almost 3 decades. This means that prices of goods are going up, but the median wage earner still earns the same amount of money. This has amounted to a wage cut to most families in real terms. This trend really needs to be reversed. These 3 economic problems pervade the economy and We need to shake up economic policy in order to really address these. What economic policies to do you think would help solve these? Do you think the government is doing enough? Comment below!