Wednesday, October 29, 2014
Even STEM workers
There's a lot of blather going on how young people should get degrees in STEM fields. The future is supposed to be all about science and engineering.
Well . . . I got to spend a good part of the day with an engineer friend of mine. The company he works for just had some amazing years. Now things are a bit slower, but they really aren't hurting. All their engineers have been reduced to 25 hour works. You'll note that's well below the number of hours required to provide benefits.
As for my friend? He's working full time, but he's actually a private contractor and not part of the benefit system.
Even in the STEM fields companies are treating their workers poorly.
My buddy has also seen people's retirements greatly reduced just before retirement age -if they get a retirement package at all.
To me, that says a young person should probably think twice about going heavily in debt to enter a STEM field. They may discover they have to pay their loan back with part time work. Also, the idea of working for 40 years to get a retirement is probably not going to be a reality.
Workers should be prepared to give as much loyalty as the company will give you -none at all. Don't wait until you are 65 to start live. A young person might live better by having no debt and the freedom to leave their jobs at any time. The rules out there have changed, and the sooner people catch on, the sooner they can adapt.