“Be sure to put on your own mask before helping others.”  — Flight attendant instructions before take-off.

The author of Almost DailyBrett couldn’t be more excited for his students preparing to graduate on June 9.

He is also charged up for his recent graduates, realizing that they too have the wind in their collective sails. No more taking any job just to survive, but instead actually seeking out a “position” that serves as the stepping stone for a rewarding career.

Think of it this way: Job boards are passé. Today’s graduates have a unique opportunity to seek out positions with their employers of choice through informational interviews and networking. They can create their own positions and forget about taking the first offer.

They have a unique opportunity to build their own wealth, and later give back to those who are less fortunate. They can voluntarily live below their means and become The Millionaire Next Door as reported by Mssrs Thomas Stanley and William Danko in their New York Times bestseller.

There simply has not been a better overall economic climate for competing college graduates in the last two decades.

We are living in a Goldilocks Economy.

Surging Business

Better strike while the irons are hot, red hot. Like all economic moves upwards to the right, the trend which is now their friend will not last forever.

Last week, we learned that America’s $19.41 trillion GDP economy grew at a non-inflationary 2.6 percent pace after two consecutive quarters of 3.0 percent … all of this growth coming before congressional passage/presidential approval of the historic tax reform bill and regulatory relief.

Could we experience 4 percent GDP in 2018, leaving no doubt that we are in a robust growth economy? How’s that sound, graduates?

Unemployment stands at 4.1 percent. The next Department of Labor’s jobs report will be announced on Ground Hog Day. Will it be the same percentage over-and-over again or even lower, coming closer to the 3.5 percent threshold for full-employment?

The benchmark Standard & Poors 500 surged 22.46 percent in 2017, and it has already grown another 7.55 percent since … January 1.

Wages and salaries are rising, reflecting a labor shortage for skilled employees.

America’s inflation rate (e.g., Consumer Price Index) was 2.1 percent in December.

The Federal Reserve’s Fed Funds rate is 1.25 percent, before expected increases by Jerome Powell’s Federal Reserve.

Americans for Tax Reform is keeping tab of the 263 companies (so far) making new commitments in terms of repatriations of billions overseas, paying more corporate taxes, increasing wages, providing bonuses, investing in the economy and hiring more people.

For example, FedEx announced the spending of $1.5 billion to expand/modernize its Indianapolis and Memphis hubs, $200 million in raises for hourly workers, and $1.5 billion for employee pensions.

The future regardless of economic gyrations revolves around newly professionally educated students graduating, who are ready to the hit the ground running in our digitized service-oriented economy.

We need graduates, who can tell the story and tell it well through the written word, verbal expression and compelling multimedia presentations.

To some, major corporations are somehow the bad guys in any drama. How can one arrive at this misguided conclusion, when these entrepreneurial firms innovate and produce the products we use on a daily basis, hire millions, invest billions, and provide trillions in investment returns for the 54 percent of Americans, who constitute the Investor Class.

This fantabulous story cannot be taken for granted, it needs to be told and retold by skilled communicators, the types we are graduating.

The great irony is American corporations are doing more to combat income inequality by hiring, investing and creating greater shareholder value by means of a reduction in corporate tax rates from 35 to 21 percent.

Portland: Where Young People Go To Retire

Or do they go there to stagnate?

As a former Portland resident for five years, Almost DailyBrett has news for those who voluntarily choose not to work: The recession of 2007-2008 is in the rear view mirror.

As mentioned earlier, the economy is thriving and there are more than McJobs, but positions.

If one is playing video games or binge watching “original content” – the new streaming video Holy Grail – then one obviously has a clue about digital devices.

How about putting that knowledge into the coming new Lingua Franca, coding as suggested by Apple’s Tim Cook?

There is no reason to do as little as possible and selfishly allow someone else to work two or more jobs to support you.

The time to strike is right now in this surging economy, and it won’t last forever.

The record number of working-age men voluntarily not working is estimated at 32 percent according to the American Enterprise Institute (AEI).

Alas, this is not a question of can’t, but really a question of won’t.

Sad, very sad.

https://www.wsj.com/articles/thank-you-for-tax-reform-1517009242

https://almostdailybrett.wordpress.com/2014/07/29/the-death-of-californication/

http://www.cbs.com/shows/60_minutes/video/BHTRU7FEG7TQECAG8UrdNwwI_8xUbvTq/portland/

https://almostdailybrett.wordpress.com/2017/12/02/is-coding-the-new-lingua-franca/

 

 

 

Advertisements