Young workers Don’t want to depend on Corproate America for Health Care
Young workers Don’t want to depend on Corproate America for Health Care www.nathanialportis.com Posted on June 29, 2012 Nathanial Portis More than 3.1 M young adults gained health coverage since provisions of the health care law took effect.
During their prime years many Boomers worked under well funded government programs such as United Post Office, NASA and entered
their careers as interns and new college graduates while America was in
a serious race to land the first man on the moon. Boomers also had
plenty of opportunities to develop first-of-their-kind technologies, like
those used in the NASA space shuttles, the Hubble telescope and the
space station. They also developed the missile and defense technology
that would lead America out of the Cold War era. Baby Boomers worked
during a period of ample government funding and unlimited defense
spending programs and had parents who idolized government. They also
elected many of the officials who laid down much of the governing policy
and regulations that shaped the U.S. economy throughout the 70s, 80s
and 90s. The Baby Boom generation lots of government spending, low medical insurance and good paying jobs, today they are slowly retiring from today’s
Corporate America.
During the late seventies and early eighties, many of the nation’s young professionals (Generation Xers) began to see a shift in the type of work being offered to them. They saw a shift from a nation of industrial manufacturing such as rubber plants and steel factories to automotive manufacturing and social sciences and medical careers. Many of the Xers prepared to enter medical and professional careers designed to support the aging Silent and Baby Boomer Generations through the mid-nineties. Again in the early 2000s, Xers began to see another workplace shift from the auto industry to the Internet and the Digital Age. This shift came at a time when many Xers saw their parents’ and grandparents’ retirement savings wiped out by corporate fraud and weak government regulation that should have protected them.
The uncertain and changing dynamics of the US economy during the 90′s motivated Xers to find better ways to allow future workers to be more mobile and in control of their own retirement without having to be committed to one company for a long period of time such as their previous generation had to do.
The introduction of new policies gave average workers the power to manage their retirement plans by investing into 401K and IRA plans. These allowed employees to transfer their retirement balances if they left a company rather than having to stay committed to the same company for a number of years to collect benefits from a company’s pension plan that may not be there when they left the company. Although these new programs allowed workers to be more independent, many argue that the major introductions undercut pension plans and other benefits that had been introduced by work Unions of the Baby Boom Generation. Still, I like to think that Xers took existing policies and adapted them for the changing times and made them better.
With the well paying corporate and government jobs during the 60′s, 70′s 80′s its easy to see why “Boomers” became so dependent on the benefits and great pay of the stable job economy of that time.
Today health care is at an all time high, previous generations have all but depleted most government funding. The once prized government jobs such as the Post Office, GSA and NASA haven’t had major hiring in years and are now reducing working hours, offering early retirement plans and laying off in efforts to cut-back spending. Young graduates do not see the same stability in the job market nor are we afforded same low-cost company sponsored health plans that came with the profitable corporate and government jobs and for that reason can not and should not have to depend on a job to have health benefits.
According to CNN Money more than 3.1 M young adults gained health coverage since provisions of the health care law took effect. This is just more proof of why changing times require changing laws to govern a changing society.Read more about this at 3.1M young adults gained health coverage since law took effect
College to Corproate for the Millennial Recent College Graduate a guide for generation Y entering Corporate America. BOOK AVAILABLE JULY18th 2012
During their prime years many Boomers worked under well funded government programs such as United Post Office, NASA and entered
their careers as interns and new college graduates while America was in
a serious race to land the first man on the moon. Boomers also had
plenty of opportunities to develop first-of-their-kind technologies, like
those used in the NASA space shuttles, the Hubble telescope and the
space station. They also developed the missile and defense technology
that would lead America out of the Cold War era. Baby Boomers worked
during a period of ample government funding and unlimited defense
spending programs and had parents who idolized government. They also
elected many of the officials who laid down much of the governing policy
and regulations that shaped the U.S. economy throughout the 70s, 80s
and 90s. The Baby Boom generation lots of government spending, low medical insurance and good paying jobs, today they are slowly retiring from today’s
Corporate America.
During the late seventies and early eighties, many of the nation’s young professionals (Generation Xers) began to see a shift in the type of work being offered to them. They saw a shift from a nation of industrial manufacturing such as rubber plants and steel factories to automotive manufacturing and social sciences and medical careers. Many of the Xers prepared to enter medical and professional careers designed to support the aging Silent and Baby Boomer Generations through the mid-nineties. Again in the early 2000s, Xers began to see another workplace shift from the auto industry to the Internet and the Digital Age. This shift came at a time when many Xers saw their parents’ and grandparents’ retirement savings wiped out by corporate fraud and weak government regulation that should have protected them.
The uncertain and changing dynamics of the US economy during the 90′s motivated Xers to find better ways to allow future workers to be more mobile and in control of their own retirement without having to be committed to one company for a long period of time such as their previous generation had to do.
The introduction of new policies gave average workers the power to manage their retirement plans by investing into 401K and IRA plans. These allowed employees to transfer their retirement balances if they left a company rather than having to stay committed to the same company for a number of years to collect benefits from a company’s pension plan that may not be there when they left the company. Although these new programs allowed workers to be more independent, many argue that the major introductions undercut pension plans and other benefits that had been introduced by work Unions of the Baby Boom Generation. Still, I like to think that Xers took existing policies and adapted them for the changing times and made them better.
With the well paying corporate and government jobs during the 60′s, 70′s 80′s its easy to see why “Boomers” became so dependent on the benefits and great pay of the stable job economy of that time.
Today health care is at an all time high, previous generations have all but depleted most government funding. The once prized government jobs such as the Post Office, GSA and NASA haven’t had major hiring in years and are now reducing working hours, offering early retirement plans and laying off in efforts to cut-back spending. Young graduates do not see the same stability in the job market nor are we afforded same low-cost company sponsored health plans that came with the profitable corporate and government jobs and for that reason can not and should not have to depend on a job to have health benefits.
According to CNN Money more than 3.1 M young adults gained health coverage since provisions of the health care law took effect. This is just more proof of why changing times require changing laws to govern a changing society.Read more about this at 3.1M young adults gained health coverage since law took effect
College to Corproate for the Millennial Recent College Graduate a guide for generation Y entering Corporate America. BOOK AVAILABLE JULY18th 2012
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