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What are you talking about? The unemployment rate for college graduates is nowhere near 50%...
He might be referring to recent, new college graduates.
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Your other "reality" is similarly nonsense. There is not a "limited" number of jobs in our economy for college graduates clearly reflected by the low unemployment rate for said graduates. The fact is most new jobs today require education beyond a high school diploma.
When he says, "jobs for college graduates", could he mean, "jobs that require and make use of a college degree"? The sad fact of the matter is that only a small percentage, perhaps 10-15%, of all the jobs that need to be done actually require or make use of a college degree, and if we were to double the number of people graduating from college, the number of college-education requiring jobs at currently prevailing wage rates would not magically double.
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"But although the unemployment rate for recent four-year college graduates is 6.8 percent—more than 50 percent higher than the overall rate for four-year college graduates of 4.5 percent—those who hold only a high school diploma are plagued by an unemployment rate of 24 percent." Study: College Grads Weathering Economic Storm - US News and World Report
Whenever you look at the high school v. college stats, you have to consider the possibility that the college graduates are benefiting from character traits that are independent of having a college education--ambition, responsibility, general intelligence, work ethic, rationality, etc. If those same people hadn't gone to college and only had high school degrees, they'd probably still be far better off than those people who only have high school degrees.
These three articles may be eye-opening and of interest:
My experience in 40+ years in the workforce is that it is far more often the uneducated who, as you put it, "flit" from job to job. Most nurses in our office have been in the company's employ for several to many years. Practically all the front desk staff have been hired in the last year.
But it's the uneducated that can do it because it doesn't cost some convenience store or some trash collection company, for example, an arm and a leg to train them.
That is awful! They never tell you that stuff in college, and your parents never tell you that stuff when you are growing up as a child. Why is there so much corruption and discrimination?
Stacked ranking is a strategy developed at large tech companies in the last decade. Some people call it the HR strategy that destroyed Microsoft, so it might disappear quickly once the economy improves. Either way, the idea that you should only spend 4 years at a company is firmly entrenched in the tech sector and further reinforced by the replacement of pensions with 401ks.
But you can't deny that the Government is pushing college at all cost the same way they pushed housing. Everyone needs a house like everyone needs a degree because it's not like you could, I dunno, live in an apartment or something, so here is a loan. A loan for you, a loan for you, and then the universities can raise cost as much as they want because they know they've got people thinking that unless you have a degree you're doomed to flipping burgers for the rest of your life and the prices sky rocket.
Now you've got all these people with History degrees and Business Administration who have no skills whatsoever, and they think themselves underemployed because of it, or even despite it. Despite their total lack of marketable skills, they think they are underpaid for it.
100% right on.
The other fact is no one wants to work anymore........This is a great clip regarding too many office jobs in America:
But it's the uneducated that can do it because it doesn't cost some convenience store or some trash collection company, for example, an arm and a leg to train them.
That is not what you were saying earlier in the thread.
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