Time to pack up the kids and move, I guess… Lol…
No, time to broaden the list of colleges and universities that one considers attending.
@jym626 : Post #39 above has the link.
^thanks
Deleting “young” from the above may make it more accurate for today.
The expectation also comes from the fact that most jobs are always at risk of being eliminated, so that long term tenure at most jobs is unlikely even if you want to stay for the long term.
Ok, you are correct, but we are astounded at the frequency of job changes among the younger folks we know. Many only stay in a job for one or maybe two years. The folks we know who are a bit older seem to remain with their employers longer.
H was with his employer over 45 years. I was shorter with 5 years, 1.5 years, some months, 4 years, 4 years and now am in my 14th year with current job. My hasn’t bounced around much—two different positions with same employer plus his part time job over 10 years.
Your husband had a pension. Most companies don’t now. And both your husband and son work/ed for the federal govt, right?
I do think younger people move more now and even back when I was young. Nothing tying you down - renting, no kids, etc. That seems like a normal pattern to me.
Perhaps staying at a job only one or two years was involuntary (company closed or downsized) in many cases. Also, any hint of trouble at the employer causes many employees to start looking for other jobs, because it is more difficult to find a job while unemployed and it is more financially stressful when one is unemployed if one has not reached the ability to retire.
Older people who are still employed may not jump as quickly on job offers because they may have other constraints (spouse, kids, house, etc.) that can make a relocation more difficult, expensive, or undesirable. (On the other hand, some young people may have difficulty with relocation if they come from poor families and have no way to pay up-front relocation costs.)
The median US income is something like $50k/year. How are those families supposed to pay for OOS colleges?
Companies recruit all over the country. You can move after graduation.
I do agree that a willingness to relocate is critical for career advancement. We have moved 9 times in our marriage, with three companies. One company moved us three times in 2 years. Not easy, but made a huge difference in salary/promotions.
I’ll agree with the concept of thinking of the total picture. If I was a student today and wanted to go into biomedicine, for example, my resources/internships and job opportunities might be better in Boston than Kansas. Likewise, technology kids might want to plant themselves close to opportunities. I think very few kids think of this when they attend college. Some colleges are known across the world and others will offer one better opportunities closer to home.
While many people move in their 20’s and 30s. Most settle down at some point and once they have kids don’t want to pick up and move across country. Thinking of where to live isn’t such a crazy idea.
I have a nephew who is getting married and lives in the NY/CT area. I told him that buying a house in CT/NJ might not be a good move at all. In CT, housing prices have fallen drastically due to high property & corporate taxes. In NJ, high property taxes make COL very expensive relative to standard of living. Buying elsewhere can be beneficial. They hadn’t even thought that buying in one of the three states being considered could affect their income by a large factor.
Being “rich” is a funny term. But honestly, I think being financially stable and not having to worry about money as you get older is really important. And I also believe that you can make a lot of money in every field.
Kids don’t think that the network they make in college or their first ten work years matters. But it does and can give them access to jobs for a long long time. So that might impact whether they move for jobs as well.
Dual earners can definitely complicate this, however.
I do have conversations with my young adult children on picking a location based on a mix of opportunities and quality of life. I would discourage them from living in certain locales given stress, high costs, long commutes even if there might be higher incomes and more opportunities. There are tradeoffs.
@austinmshauri asked: How are families earning $50,000 per year supposed to pay for OOS colleges?
The same way that one pays for other colleges = financial aid, savings, scholarships, and/or student loans. Also, if eligible, Pell grants.
@HImom: Often an incentive to switch jobs includes a very substantial raise in pay accompanied by dissatisfaction with one’s current superior or company culture.
In a robust economy with a shortage of certain types of skilled/experienced professionals, it is easy to switch employers at a higher salary.
With respect to discouraging young professionals “from living in certain locales given stress, high costs, long commutes even if there might be higher incomes and more opportunities”, suggests a lack of experience with the current realities of the employment practices, accommodations, and opportunities in the workplace.
For example, many young professionals are permitted to work remotely & telecommute. Many are only required to be in the office two days a week or one week per month. Many elect to live in urban areas without cars and utilize public & private transportation. Too much to learn & enjoy in major metropolitan areas.
The opportunity to interact professionally & socially in person with one’s peers is too important to sacrifice during one’s early working years.
Additionally, many workers are being offered the option to be home-based without being required to appear in an outside office even once a month.
@Publisher Generalize much? Where are your statistics to support these generalizations about working conditions for “many” young professionals? Lots of careers/jobs don’t allow/aren’t conducive to the practices you claim are prevalent.
LOL. Generalize much ? “Lots of careers/jobs don’t allow/aren’t conducive to the practices you claim are prevalent.”
Where are your statistics to support these generalizations ?
As for articles that will help to appreciate current workplace policies & trends, google “work trends in telecommuting and working remotely” to generate multipla articles.
Some examples:
https://forbes.com/ regarding an article by abdullah muhammed 10 remote work trends that will dominate 2019
I have a friend who recently moved to MN from CA with their young family because of the housing costs near the employer, Apple. The friend continues to work for Apple from here. The couple didn’t even bother trying to buy something in CA due to the ridiculous cost, yet here they moved right into an expensive neighborhood right on the water. The spouse is still looking for the right job, but one Apple salary maybe suffices for now in MN. I totally agree on many people being unwilling to move, especially from California. Lots of 20 somethings living with parents or even in camper vans in someone’s driveway. We have family member whose college grad kids are doing this, lots of gig economy stuff. Even the ones with regular full time jobs can’t afford not to live with their parents. It’s weird how attached people are to California in particular.
I have another friend who moved from Seattle to Des Moines, IA for a job. Great place to raise children, although they won’t stay there indefinitely once the child is grown. In their case the spouse can work remotely so both have remained employed in their fields.
https://remoters.net has information about remote work trends & future insights.
Or just check with your almost any Fortune 500 employers.
These trends have been in place for several years with many majors companies.
I have many friends & relatives of varying years of work experience who have been working from their homes for years. Some are very highly paid, while others are hourly workers closely supervised & monitored on a daily basis.
Sorry for the “LOL”, but one has to be very unfamiliar with the workplace of today if unfamiliar with the practices I described above.