|
Isn't this good for the economy?
If firms reduced the number of workers they hired (especially young ones), we would be in a very rough situation.
As the number of young workers increase, the old must go. Now, I completely agree with lauras50 that experienced workers should not be fired, because, well they simply have more experience.
But young workers are being given the opportunity, and as more young Americans find jobs, they consume more. (The younger people consume more than older people, simply b/c one tends to save more of his income as he ages.)
One of the only ways to escape the reccesion that we are in today, is through awareness, and greater consumption (w/o dept). Our generation knows not to go in dept, because we have seen what it does ... also we are in a reccesion, so we will save (not as much as "experienced" workers.)
Because young workers will tend not to save as much, and consume more, our economy will start to grow, and escape recesion, as consumption is a direct factor in GDP.
So all in all, the practice of firms hiring new grads, in replace of older, more experienced works, is in fact more beneficial toward the economy, and therefore its beneficial toward all american citizens (in the long-run).
|