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	<title>Comments on: Why Recession Grads Make Less Over Lifetime: Money is a Proxy for Ability</title>
	<atom:link href="http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/</link>
	<description>Because the killer app is us.</description>
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		<title>By: Dr Johan du Toit</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29734</link>
		<dc:creator>Dr Johan du Toit</dc:creator>
		<pubDate>Sun, 14 Feb 2010 13:13:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29734</guid>
		<description>Warren&#039;s &quot;latest&quot; article on http://globalro.org , and several others, is an exercise in elegance/beauty/challenge...
I trust that the &quot;leakings&quot; of his vastly exercised, van Gogh-esque insights will continue to seep to &#039;our side&#039; of the universe.</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->Warren&#8217;s &#8220;latest&#8221; article on <a href="http://globalro.org" rel="nofollow">http://globalro.org</a> , and several others, is an exercise in elegance/beauty/challenge&#8230;<br />
I trust that the &#8220;leakings&#8221; of his vastly exercised, van Gogh-esque insights will continue to seep to &#8216;our side&#8217; of the universe.<!-- google_ad_section_end --></p>
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		<title>By: Forrest Christian</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29733</link>
		<dc:creator>Forrest Christian</dc:creator>
		<pubDate>Sat, 13 Feb 2010 21:27:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29733</guid>
		<description>It&#039;s always great to hear from the other hemisphere, Johan! 

OBTW, some of what Warren Kinston has developed about the framework of Interacting for Benefit (how careers progress) shows how this getting stuck happens for the kids coming out today.</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->It&#8217;s always great to hear from the other hemisphere, Johan! </p>
<p>OBTW, some of what Warren Kinston has developed about the framework of Interacting for Benefit (how careers progress) shows how this getting stuck happens for the kids coming out today.<!-- google_ad_section_end --></p>
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		<title>By: Dr Johan du Toit</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29732</link>
		<dc:creator>Dr Johan du Toit</dc:creator>
		<pubDate>Sat, 13 Feb 2010 12:54:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29732</guid>
		<description>Forrest

I appreciate and savour your timely insight(s).

If modern social cycles (~10 years for crashes; ~ 50 years for Kondratieff waves) are too long term for most people to &quot;see&quot; we are doomed to continue behave ignorantly...

...it reminds me of the data-point about gold-fish having attention spans of a few seconds.

Now we know why “Those who do not learn from history are bound to repeat it”.</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->Forrest</p>
<p>I appreciate and savour your timely insight(s).</p>
<p>If modern social cycles (~10 years for crashes; ~ 50 years for Kondratieff waves) are too long term for most people to &#8220;see&#8221; we are doomed to continue behave ignorantly&#8230;</p>
<p>&#8230;it reminds me of the data-point about gold-fish having attention spans of a few seconds.</p>
<p>Now we know why “Those who do not learn from history are bound to repeat it”.<!-- google_ad_section_end --></p>
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		<title>By: Forrest Christian</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29700</link>
		<dc:creator>Forrest Christian</dc:creator>
		<pubDate>Mon, 18 Jan 2010 01:51:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29700</guid>
		<description>Of course, you &lt;em&gt;are&lt;/em&gt; a job-hopper. The situation you were in made you one. That&#039;s not an accusation: I&#039;m one myself, until I started my own businesses. 

I&#039;d like to say that Requisite Organization implementation would make your life better, but I&#039;m not sure that it will. PeopleFit continues to be exceptional, in my experience. (And probably MVC Associates, although in a different way.) They, too, would look at your experience and assume that you cannot do the work or, even worse, that your job hunting represents not generational reality but some personality defect (what Jaques called  &quot;-T&quot;) that disqualify you from working. This is especially true if you are higher mode; I say this because I tried to pawn all my Mode7+ folks  on the RO folks who were complaining about not having anyone in the succession pipeline when baby boomers retire. 

The only good news I can relate is that your experience models that of people who have created new realities. These people are always hated, even after they succeed. They are never beloved but feared. 

I wish I could say something more encouraging. I&#039;m certainly trying to figure out a social solution to this problem. Strauss and Howe said that 13th-ers would never succeed but take upon themselves to pay for the sins of the Baby Boomers and restore a future to their children. We&#039;re not the only generation to be in this boat, and now we have an entire new cohort that will be with us. 

I&#039;ll close with this thought: Money is a proxy for stratum and capability. My brother was a recruiter in the oil industry years back. He taught me that no one had any idea what anyone was worth: it was all based on whatever you had convinced someone else to pay you. The magic number for him back in &#039;93 was US$100k. If no one was paying you that, you weren&#039;t worth anything. 

I&#039;m dedicated to this issue: I have too many of you people around me. I&#039;m not entirely sure that it will come out the way that we&#039;d like, though.</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->Of course, you <em>are</em> a job-hopper. The situation you were in made you one. That&#8217;s not an accusation: I&#8217;m one myself, until I started my own businesses. </p>
<p>I&#8217;d like to say that Requisite Organization implementation would make your life better, but I&#8217;m not sure that it will. PeopleFit continues to be exceptional, in my experience. (And probably MVC Associates, although in a different way.) They, too, would look at your experience and assume that you cannot do the work or, even worse, that your job hunting represents not generational reality but some personality defect (what Jaques called  &#8220;-T&#8221;) that disqualify you from working. This is especially true if you are higher mode; I say this because I tried to pawn all my Mode7+ folks  on the RO folks who were complaining about not having anyone in the succession pipeline when baby boomers retire. </p>
<p>The only good news I can relate is that your experience models that of people who have created new realities. These people are always hated, even after they succeed. They are never beloved but feared. </p>
<p>I wish I could say something more encouraging. I&#8217;m certainly trying to figure out a social solution to this problem. Strauss and Howe said that 13th-ers would never succeed but take upon themselves to pay for the sins of the Baby Boomers and restore a future to their children. We&#8217;re not the only generation to be in this boat, and now we have an entire new cohort that will be with us. </p>
<p>I&#8217;ll close with this thought: Money is a proxy for stratum and capability. My brother was a recruiter in the oil industry years back. He taught me that no one had any idea what anyone was worth: it was all based on whatever you had convinced someone else to pay you. The magic number for him back in &#8216;93 was US$100k. If no one was paying you that, you weren&#8217;t worth anything. </p>
<p>I&#8217;m dedicated to this issue: I have too many of you people around me. I&#8217;m not entirely sure that it will come out the way that we&#8217;d like, though.<!-- google_ad_section_end --></p>
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		<title>By: Solaris</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29699</link>
		<dc:creator>Solaris</dc:creator>
		<pubDate>Sun, 17 Jan 2010 23:57:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29699</guid>
		<description>What you say is very true. I went to an elite university, got good grades, but my first job was low paid. I worked hard, but I had to change jobs a couple of times simply because my first salary was so low. Subsequent salaries are based on your last salary.

I&#039;ve been labeled as a job hopper, simply because I lived in an expensive city and needed to earn more money. A lot depends on your first job.

I&#039;ve also found recruiters don&#039;t evaluate my on my work, but just on how long my past jobs have lasted, grade or last salary. This is just lazy because I have a publicly available portfolio of work. But it is simpler to ask to a number, than to take 15 - 30 minutes to actually examine the work I&#039;ve done.

Really a lot depends on the first job you get. Employers should evaluate the whole person.</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->What you say is very true. I went to an elite university, got good grades, but my first job was low paid. I worked hard, but I had to change jobs a couple of times simply because my first salary was so low. Subsequent salaries are based on your last salary.</p>
<p>I&#8217;ve been labeled as a job hopper, simply because I lived in an expensive city and needed to earn more money. A lot depends on your first job.</p>
<p>I&#8217;ve also found recruiters don&#8217;t evaluate my on my work, but just on how long my past jobs have lasted, grade or last salary. This is just lazy because I have a publicly available portfolio of work. But it is simpler to ask to a number, than to take 15 &#8211; 30 minutes to actually examine the work I&#8217;ve done.</p>
<p>Really a lot depends on the first job you get. Employers should evaluate the whole person.<!-- google_ad_section_end --></p>
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		<title>By: Forrest Christian</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29698</link>
		<dc:creator>Forrest Christian</dc:creator>
		<pubDate>Sat, 16 Jan 2010 16:23:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29698</guid>
		<description>Glad to be of service, Michelle! Everyone, you could do a lot worse than to take a look at what she says at http://www.missionmindedmanagement.com/ -- always insightful and she says the same thing with A LOT LESS WORDS than I do!</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->Glad to be of service, Michelle! Everyone, you could do a lot worse than to take a look at what she says at <a href="http://www.missionmindedmanagement.com/" rel="nofollow">http://www.missionmindedmanagement.com/</a> &#8212; always insightful and she says the same thing with A LOT LESS WORDS than I do!<!-- google_ad_section_end --></p>
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		<title>By: Add Time Spans to Your Resume to Reflect Your Requisite Level of Capability &#124; Mission Minded Management</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29697</link>
		<dc:creator>Add Time Spans to Your Resume to Reflect Your Requisite Level of Capability &#124; Mission Minded Management</dc:creator>
		<pubDate>Sat, 16 Jan 2010 15:22:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29697</guid>
		<description>[...] Another Look at the Same Issue from Requisite Reading This same phenomenon is why your former salary is a proxy for your ability, and recruiters and prospective employers are always curious about it.  My colleague Forrest Christian details this in his blog post, Why Recession Grads Make Less Over Time. [...]</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->[...] Another Look at the Same Issue from Requisite Reading This same phenomenon is why your former salary is a proxy for your ability, and recruiters and prospective employers are always curious about it.  My colleague Forrest Christian details this in his blog post, Why Recession Grads Make Less Over Time. [...]<!-- google_ad_section_end --></p>
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		<title>By: Michelle Malay Carter</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29696</link>
		<dc:creator>Michelle Malay Carter</dc:creator>
		<pubDate>Sat, 16 Jan 2010 14:48:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29696</guid>
		<description>Hi Forrest,

I particularly enjoyed this post.  Forgive me for my tardy kudos.  I&#039;m linking to it on my current post.

Regards,

Michelle</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->Hi Forrest,</p>
<p>I particularly enjoyed this post.  Forgive me for my tardy kudos.  I&#8217;m linking to it on my current post.</p>
<p>Regards,</p>
<p>Michelle<!-- google_ad_section_end --></p>
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		<title>By: Forrest Christian</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29649</link>
		<dc:creator>Forrest Christian</dc:creator>
		<pubDate>Tue, 08 Dec 2009 21:31:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29649</guid>
		<description>Yes, the reality of today is fairly grim in some ways. (Still beats plague or living under Communist rule.) And, yes, the reference was the result of reading -- listening to, really -- &lt;em&gt;&lt;a href=&quot;http://www.amazon.com/gp/product/007148499X?ie=UTF8&amp;tag=manasthepowes-20&amp;linkCode=as2&amp;camp=1789&amp;creative=390957&amp;creativeASIN=007148499X&quot; rel=&quot;nofollow&quot;&gt;Influencer: The Power to Change Anything&lt;/a&gt;&lt;/em&gt;, which I highly recommend. I have found Wiwat Rojanapithayakorn&#039;s work to be fascinating ever since Prof. Sternin told me about it years ago, when I embarrassed myself in front of the real deal. By taking the tack that they did, looking at the whole system rather than individual behaviours, they reduced HIV spread considerably. Perhaps eliminating sex tourism at its root in the foreign market would be better, but it was unlikely to work. A friend of mine who worked in one of Thailand&#039;s legal agencies against the Thai sex trade believed that the money being given out was just too large of an incentive to keep it going. The actual story of many of these young women (girls, really) is horribly depressing. The influence techniques Jerry Sternim outlined re creative deviance probably have a great chance of succeeding. But it will be hard. Still, they had stunning success in other intractable problems, like female circumcision in norther Africa and malnutrition in Vietnam. 

All that said, if you are a graduate coming out in today&#039;s market, you will probably always be looked down upon by those who got their first jobs in boom times. Maybe the massive unemployment figures mean that won&#039;t happen, but I think not. The employed are making more, and the unemployed are being less and less likely to get employed. He who has is given more, and he who has not will have even what he has taken from him. I always despised those words of Jesus but I have come to realize that they&#039;re more true than most people undersand, a principle of networks. I&#039;d rather kick against the pricks than accept it in the world of work, though.</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->Yes, the reality of today is fairly grim in some ways. (Still beats plague or living under Communist rule.) And, yes, the reference was the result of reading &#8212; listening to, really &#8212; <em><a href="http://www.amazon.com/gp/product/007148499X?ie=UTF8&#038;tag=manasthepowes-20&#038;linkCode=as2&#038;camp=1789&#038;creative=390957&#038;creativeASIN=007148499X" rel="nofollow">Influencer: The Power to Change Anything</a></em>, which I highly recommend. I have found Wiwat Rojanapithayakorn&#8217;s work to be fascinating ever since Prof. Sternin told me about it years ago, when I embarrassed myself in front of the real deal. By taking the tack that they did, looking at the whole system rather than individual behaviours, they reduced HIV spread considerably. Perhaps eliminating sex tourism at its root in the foreign market would be better, but it was unlikely to work. A friend of mine who worked in one of Thailand&#8217;s legal agencies against the Thai sex trade believed that the money being given out was just too large of an incentive to keep it going. The actual story of many of these young women (girls, really) is horribly depressing. The influence techniques Jerry Sternim outlined re creative deviance probably have a great chance of succeeding. But it will be hard. Still, they had stunning success in other intractable problems, like female circumcision in norther Africa and malnutrition in Vietnam. </p>
<p>All that said, if you are a graduate coming out in today&#8217;s market, you will probably always be looked down upon by those who got their first jobs in boom times. Maybe the massive unemployment figures mean that won&#8217;t happen, but I think not. The employed are making more, and the unemployed are being less and less likely to get employed. He who has is given more, and he who has not will have even what he has taken from him. I always despised those words of Jesus but I have come to realize that they&#8217;re more true than most people undersand, a principle of networks. I&#8217;d rather kick against the pricks than accept it in the world of work, though.<!-- google_ad_section_end --></p>
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		<title>By: Fowler</title>
		<link>http://www.manasclerk.com/blog/2009/12/07/why-recession-grads-make-less-over-lifetime-money-is-a-proxy-for-ability/comment-page-1/#comment-29648</link>
		<dc:creator>Fowler</dc:creator>
		<pubDate>Tue, 08 Dec 2009 21:06:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.manasclerk.com/blog/?p=1161#comment-29648</guid>
		<description>You are a consistent downer. I actually looked at those NBER no.s and unfortunately what you wrote makes sense. (please tell me that the prostitutes &amp; Aids comment came from you reading &quot;Influencer&quot;.... otherwise, wildly weird in so many ways)</description>
		<content:encoded><![CDATA[<p><!-- google_ad_section_start -->You are a consistent downer. I actually looked at those NBER no.s and unfortunately what you wrote makes sense. (please tell me that the prostitutes &amp; Aids comment came from you reading &#8220;Influencer&#8221;&#8230;. otherwise, wildly weird in so many ways)<!-- google_ad_section_end --></p>
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