An important premise of “The American Dream” is that a college education guarantees a successful career.
However, that dream is slipping away — unless being a coffee shop barista is the job goal. Ben Casselman of the Wall Street Journal takes a look at a recent job report for the latest crop of college graduates, which has some concerning numbers (hat-tip, a tweet from Iowahawkblog’s David Burge).
284,000: Number of American college [...]
February 20, 2013
The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job.
Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the firm hires only people with a bachelor’s degree, even for jobs that do [...]
Shelling out tens or even hundreds of thousands of dollars for higher education may no longer be the surefire path to a great career that it used to be. A recent report compiled by the education resource group OnlineColleges.net found that more than 300,000 Americans with either Master’s degrees or Ph.D.s were receiving food stamps in 2010 — and many more are likely on some form of government assistance today [...]
After four years of college, many graduates are ending up in jobs that only require the ability to operate a cash register with a smile.
After commencement, a growing number young people say they have no choice but to take low-skilled jobs, according to a survey released this week. And while 63% of “Generation Y” workers — those age 18 to 29 — have a bachelor’s degree, the majority of the [...]
Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Many are calling this a total “disaster” and are worried that the U.S. economy could be headed back into another recession. Economists had been expecting 150,000 payroll jobs would be added, so the 69,000 number really shocked a lot of people. The truth is [...]
President Obama’s deputy campaign manager, Stephanie Cutter, admitted at a Harvard Kennedy School of Government event in Massachusetts that “The economy, you know, will continue to be a challenge.”
“I have to say also there are also disadvantages to being an incumbent,” says Cutter. “The economy, you know, will continue to be a challenge as we continue to fight out this race over the next six months.”
As a student who is currently attending a university, I would like to give my thoughts and opinions on this issue. I believe that many students currently receiving post-secondary education should not be receiving this education for various reasons. Throughout the school year I often hear people talking about their grades, where they believe that they can just party and be fine after graduation as long as they recieve a 2.5 [...]
From Carpe Diem:
… “This is a simple case of inflation: When you artificially pump up the supply of something (whether it’s currency or diplomas), the value drops. The reason why a bachelor’s degree on its own no longer conveys intelligence and capability is that the government decided that as many people as possible should have bachelor’s degrees.
There’s something of a pattern here. The government decides to try to increase the [...]
Here are just some of the sobering facts:
– There are 8.5 million people receiving unemployment insurance and over 40 million receiving food stamps.
– At the current pace of job creation, the economy won’t return to full employment until 2018.
– Middle-income jobs are disappearing from the economy. The share of middle-income jobs in the United States has fallen from 52% in 1980 to 42% in 2010.
– Middle-income jobs have [...]