The Career Climb
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Emma Dutton/Chicago LoopsterEntering the job market in these economic times is no easy task. Even the highly-educated young Americans are struggling. How can prospective hard workers stand out from the crowd? What if that still doesn’t lead to jobs? Chicago Loopster is offering a leg-up with advice, potential solutions and a look at the current state of the job market.
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Arjuna Soriano/Chicago LoopsterOwning a home. Still the American dream?
Housing prices and interest rates are at historic lows, but people still aren’t buying homes. This is especially true of young people.
Keene and Cheshire County (NH) Historical Photos/FlickrKeene and Cheshire County (NH) Historical Photos/Flickr
Is the stagnant housing market simply a symptom of the struggling economy, or is it possible that it is the result of a shift in cultural values among a younger generation who no longer view home ownership as part of the American dream?
Ali Hashmi/Chicago LoopsterThe Standard & Poor’s Case-Shiller seasonally adjusted housing index for 20 cities dropped again in November 2011, the last month for which data is available, falling to the lowest levels since 2003.
The index fell 1.3 percent from October to November and 3.7 percent from November 2010. According to the index, U.S. home prices are back to their mid-2003 levels, down 32.9 percent from their peak, in July 2006.
“I think some of these young people, after witnessing the strategic defaults and foreclosures of recent years are not looking at residential real estate as a place where they can get a return on equity,” said Denise Daniele Akason, Associate Director of the Real Estate program at Northwestern’s Kellogg School of Management. “They may be choosing to invest elsewhere. They also may be choosing to rent longer and will eventually buy when markets recover.”
But can something be said for the changing attitudes and social norms of the Millennial generation?
According to data from a 2010 Pew Research Center study, only 20 percent of Millennials (those born during the 1980s and early 1990s) say owning their own home is one of the most important things to them. The same research shows that roughly a quarter of Millennials (23 percent) say they are currently married, compared with 59 percent of Gen Xers (those born between the early 1960s and early 1980s) and 64 percent of Boomers ( those born between the late 1940s and early 1960s). In general, the research finds that young people are less likely to be married now than was the case 20 years ago.
Although only about a third of Millennials (34 percent) have children, they are just as likely as their
older counterparts to place high value on good parenting. About half (52 percent) said being a good parent is one of the most important things to them. This compares with 50 percent of those ages 30 and older, according to Pew.
Could the fact that fewer young people are marrying and having children play a role in the hurting housing market?
“Each semester, early on, after we talk about the housing crisis and the financial crisis, I ask my students to do a short paper on their views about buying a home. These are people in their early twenties, and over ninety percent of them still want to buy a home,” said Thomas Bothen, Associate Director at the University of Chicago Illinois Center for Urban Real Estate. “What’s preventing them from doing that is some uncertainty about the economy, the security of their jobs or getting a job.”
According to Pew, households headed by adults younger than 35 had less housing wealth in 2009 than did households headed by younger adults in 1984. These household heads are slightly less likely to be homeowners (38 percent in 2009 versus 40 percent in 1984), and home equity plays a smaller role in their overall wealth (31% in 2009 versus 46% in 1984).
“I think mansions are an endangered species,” Bothen said. “I think the preference now is for smaller homes. Environmental and energy sustainability is a factor for the younger homebuyer. I don’t think there is a cultural shift though. The students that I teach still want to own a home at some point. There are economic barriers to overcome, though.”
Politics from Gen. X to Gen. Y
How does Generation Y – a.k.a. the “Millenials” – feel about politics?
A study by the Pew Research Center, The Millenials: Confident. Connected. Open to Change, showed that our generation, compared to Generation X-ers, voted the least, tended to support Barack Obama (although not so much anymore) and didn’t see eye-to-eye with our elders’ views on issues like national security or social agendas.
In general, we’re liberal, hands-off and pretty easy-going about politics while our parents tended to be more involved and conservative. I set out to see if this disparity still existed.
Listen to the audio clips to hear thoughts from both generations. I asked members of each generation what is the most important political issue to them right now, why and if they had any solutions to those problems.
Generation Y
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I’m not interested in anything right now.
Mike Ogare, 22, Republican
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I think universal healthcare is good.
Katie Brower, 22
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As a part-time student, I’m maxing out my federal loans very quickly.
Eric Wong, 26
Generation X
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People need to work… there’s no stability.
Diann Dillard, 48
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I’m not getting a raise but I still have to go to work.
Tara Tate, 45
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Just the way [the economy is] running, it’s downhill.
James Abell, 55
#Sh*tGenYSays
Lauren Gold/Chicago LoopsterEvery generation has its trademarks, but our generation is particularly inventive. With new gadgets and technologies cropping up left and right, it’s hard not to get caught up in our own vocabulary words and ways of life. Generation Y, or rather all of us twenty-somethings, are taking over the scene. So true, right?
We are full of abbrevs and timesavers these days, DMing potential contacts on Twitter and BBMing emoticons to our BFFs (wait, the Blackberry is so not cool anymore). Out of the country? Skype me. Don’t know the answer? Google it. We vent about our co-workers via g-chat and flirt simultaneously through texting more often than phone calls. Social media is the only media, as far as we’re concerned.
Grindr Photos/Flickr
We are the meme generation, laughing over cat videos, David After Dentist and Sh*t Girls Say. We blog on Tumblr, photograph on Instagram and shop online for the best deals. We express ourselves through Facebook statuses and trending topics, and we communicate with our favorite celebs by tweeting at them instead of sending in fan mail. Self-expression exists IRL (in real life) and on our profiles…OMG, tag me in that mupload (mobile upload).
We are one of the most educated and ambitious generations yet, according to Examiner.com. We have goals and dream jobs, and we are young enough to believe we can make them happen. We’re open to new ideas, but if you haven’t heard about the latest band on the scene, forget it. Seriously.
We have the latest apps, too. Oh, what’s the name of that new Coldplay song? Let me Shazam it. There’s nothing our smart phones can’t do. Our social circles consist of our combined contacts between LinkedIn, Twitter, Facebook and maybe even Google+, too. If we’re too far to meet for drinks, we can just FaceTime later. The guys have their bromances, and the girls have their movie nights, livestreamed off of Hulu or Netflix, of course. We are technology and social media mavens, except when the fail whale ruins our Twitter sesh. Ugh, FML.
Sure, we love to go out and meet new people, but it’s just as common to date online, too. We consult Yelp and Urbanspoon to find our favorite bars and restaurants (did you check in on Foursquare?). We find decorating inspiration for our studio apartments on Pinterest and take recipes from baking blogs, not our grandma’s old recipe book.
We manage to check the score, respond to our e-mails and show up to work on time, all while staying up to date on current events and staying in shape at group fitness classes at the gym.
We are gen.y/beta FTW. Wait, BRB for a sec…
Even St. Patty’s beer isn’t this green
Brothers Jesse and Samuel Evans are bringing their New Chicago Beer Co. to the city, and along with it, some new ideas about how to run an energy-sustainable business.
Audrey Thibeau/The Plant ChicagoThe Plant. Home to the New Chicago Beer Co.
The Evans brothers are building a completely sustainable production brewery in the Whiskey Point section of the Back of the Yards neighborhood in Chicago in collaboration with The Plant Chicago, a 93,500 square foot former meatpacking facility that has been converted into a net-zero energy vertical farm.
“We were at a Whole Foods in Evanston having brunch and there wasn’t much to read. But there was this magazine called Mindful Metropolis, which is a conscious community magazine with a lot of yoga and that kind of thing. They had this story about The Plant in the very early days,” Jesse Evans said. “On the caption of the story we saw that they were planning on having breweries. So, we decided to contact them, partially to see who these guys were and partially to try and see if we could be one of the breweries.”
The Evans brothers contacted Executive Director John Edel and took a tour of The Plant.
“When we got to the end of the tour we ended up at this four or five thousand square-foot hall with 18-foot ceilings and he goes ‘this is the brewery.’ We had kind of realized by that point that there wasn’t a brewery in there yet. So we were asking about it and found out that he was looking for the right brewery to move in. So we were like ‘we’re the right brewery’, and that’s really kind of how it started.“
The Plant is still in the process of being built, however, some parts of the structure, such as the vertical farm, are already operational. When complete, one-third of the space will hold aquaponic-growing systems and the other two-thirds will incubate sustainable food businesses by offering low rent, low energy costs, and a licensed shared kitchen.
The Plant plans to create 125 jobs in Chicago’s economically distressed Back of the Yards neighborhood. The new jobs will require no fossil fuel and neither will the building itself. Instead, The Plant will eventually divert over 10,000 tons of food waste from landfills each year to meet all of its heat and power needs.
Audrey Thibeau/The Plant ChicagoThe Plant emits steam not smoke.
“I realized that this is going to be at net carbon zero brewery and that was really exciting to us,” Evans said.
Funded in part by $1.5 million grant from the Illinois Department of Commerce and Economic Opportunity, The Plant will install an anaerobic digestion and a combined heat and power system to operate completely off the grid. Anaerobic digestion is a recycling system that uses bacteria to break down food waste to generate methane gas which, in turn, powers a turbine that generates electricity.
By 2015, the enclosed, odorless anaerobic digester will consume 27 tons of food waste a day including all of the waste produced in the facility and by neighboring food manufacturers.
The New Chicago Beer Co. will be doing their part to keep The Plant running. The brewing kettles used by the Evans brothers will depend on steam instead of burning non-renewable natural gas from the grid. The carbon dioxide from the fermentation process will be captured and transmitted to hydroponic operations. Thanks to this system, the brewery will be able to churn out strong ales, their specialty, with a virtually net-zero cost to the environment.
“We already had a tendency to do things the right way, but we had no idea that the whole system could be this fantastic,” said Evans who was already conscious of sustainability thanks to a spell starting a much smaller professional brewery, Lucky Hand, with his brother in northern California before moving back home to Chicago to be closer to family.
According to Evans, New Chicago will be releasing its first beers over the next couple months. They specialize in what they call strong ales, meaning that the brews contain a slightly higher than usual alcohol content, and will be using local and seasonal ingredients from around the Chicago area. They will also source some ingredients from inside The Plant itself.
New Chicago has recently signed a distribution deal that will make their beers available on draft and in bottles across the city in the coming year.
“Having that alternative energy aspect to our brewery is really kind of something we like to say is to put on the back label,” Evans said. “We don’t want to make it a big deal because if we can do things this way then it’s probably a good idea. It’s the right thing to do.”
Chicago’s ongoing battle with coal
The city’s coal-fired power plants have been the center of controversy for years. From Environmental Protection Agency standards, to the Clean Air Act, to being called out as the city’s largest causes of pollution, where have the last 10 years of Fisk and Crawford taken Chicago? What’s next?
Charging your new electric ride
We’ve all heard about the electric car craze, but as city-livin’ folk, we haven’t been too convinced of their magic environment-saving powers. However, as increasing gas prices continue to clear out our wallets, we had to wonder: Are electric cars really the next big thing in the auto industry, and is it feasible to own an electric car here in Chicago?
Survey says yes, if you can afford them.
mark-vauxhall/FlickrElectric car charging station
Our conventional gasoline automobiles do emit air pollutants and greenhouse gases, unfortunately. And aside from contributing to smog, gasoline costs are consistently on the rise.
“When you go to the gas pump and put a bunch of money in it, wouldn’t you rather not do that? Wouldn’t you rather have a more efficient product than a less efficient product?” said Ted Lowe, director of the Chicago chapter of the Fox Valley Electric Auto Association, a non-profit organization that promotes the technology and use of electric-powered vehicles.
The Fox Valley Electric Auto Association actually converts gasoline cars into electric ones. Pretty cool, right? Lowe hasn’t filled up at a conventional gas station in years.
Lauren Gold/Chicago LoopsterCheck out the ChargePoint website or download the app to find an electric car charging station near you in Chicago.
But our Honda Accords and Ford Explorers get us where we need to go in a convenient way. Some electric cars have a limit on how far you can go before they needed recharging. You can use an electric car to run errands, drive to and from work or go shopping, for example, but long-distance travel might be out of the question without a charging station. Gasoline vehicles have been the go-to option for longer trips. Stop at a gas station, fill up and go along your merry way.
That is changing, apparently.
“There’s a merging technology that will extend the range of electric cars, basically getting the advantage of both cars, both technologies,” Lowe said. “That’s called a hybrid.”
Meet the Chevrolet Volt ($40,000), the latest electric car. It’s different from other hybrid vehicles, like the Toyota Prius.
ChevroletChevrolet Volt
The Prius is actually a gasoline car with an electric motor assist, whereas the Volt uses only an electric motor. The Volt uses gasoline only to recharge the batteries when they get low. It only takes 10 hours for a complete charge, according to the Chevrolet website.
“It’s genius as far as I’m concerned,” Lowe said. “I think it will be the model for many future cars. It’s clean, efficient, quiet, low pollution.”
The advantage of electric propulsion over gasoline propulsion is that it’s twice as efficient. The disadvantage? You pay a steeper price up front to buy an electric vehicle, though you probably save on gas costs over time.
Hopefully, that will change. This year, 12 electric car models from different manufacturers are coming out for sale. The all-electric Nissan Leaf ($35,200 as of December 2011) is also gaining in popularity, as are a few others. The Nissan Leaf and the Mitsubishi i MiEV will both be featured among others at the 2012 Chicago Auto Show Feb. 10 through Feb. 19.
MitsubishiMitsubishi i MiEV
By the end of 2012, there will be 200 to 300 electric car charging stations scattered throughout Chicago at convenient locations like Walgreen’s Pharmacy and Whole Foods Market, Lowe said.
Already own an electric car? Awesome! Find a charging station near you using this map.
