Tuesday, March 27, 2012
The Go-Nowhere Generation
Socionomics says that social mood is the driver of society so when people don't want to move you know that social mood is very low.
But sometime in the past 30 years, someone has hit the brakes and Americans — particularly young Americans — have become risk-averse and sedentary. The timing is terrible. With an 8.3 percent unemployment rate and a foreclosure rate that would grab the attention of the Joads, young Americans are less inclined to pack up and move to sunnier economic climes.
When you think that there is no opportunity then why would you leave the support system of your home to go to a strange part of the country? But there are opportunities. The oil boom in North Dakota is mentioned in this article. Still, young people would rather stay home an eke out a living. I think socionomics helps here. Fear is paralyzing. When we don't know what to do we freeze. We will know this depression is ending when the unemployment rate starts to fall in the California and starts to rise in North Dakota.