Thursday, December 29, 2011

Why young women are better than young men during these economic hard times...

Here is what (some/many) young men are doing during economic hard times...

This from the WSJ regarding Nike's release of the new Jordan sneaker:

"Sneakerheads," as they are referred to in the industry, tend to be young, male and live from paycheck to paycheck, Mr. Hicks said. As a result, he said, many launches are scheduled for the second Friday of the month or the end of the month, when they tend to have the most cash..."

Here is what (many, not some) young women are doing during economic hard times (NYTIMES):

"Workers are dropping out of the labor force in droves, and they are mostly women. In fact, many are young women. But they are not dropping out forever; instead, these young women seem to be postponing their working lives to get more education. There are now — for the first time in three decades — more young women in school than in the work force....

"Now, as was the case then, one sex is the primary beneficiary. Though young women in their late teens and early 20’s view today’s economic lull as an opportunity to upgrade their skills, their male counterparts are more likely to take whatever job they can find. The longer-term consequences, economists say, are that the next generation of women may have a significant advantage over their male counterparts, whose career options are already becoming constrained....""    
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