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It is terrific to see more Americans are responding to a changing employment market by adapting to it. As the caption says, I have read we are now 10th in this category-and we once led the planet in this vital metric.
Good news perhaps. I would be more concerned about the number of opportunities available for college grads than the actual number of them. Supply and demand still dictates whether this is good news or not. Let's not forget, they are paying considerably more for that education than their parents were. Investments in yourself can still end up a loss, especially considering how many jobs like those in IT are going to cheap labor nations like India.
I understand college grads have a lower unemployment rate, but that doesn't say much if the job they had in college remains the same job they have after. Of my circle of friends, the one who got a really decent job working for the government is now working 32 hours a week due to the sequester. At the bottom of the scale, one had been unemployed for 2 years with a business management degree. He refuses to work retail, where he would have the opportunity to climb the ladder, but he refuses anything beneath his predefined worth. Parents paid for his education, so that explains that.
Also a big concern... Why is the GDP per capita in America rank 11th, or as low as 18th depending on what list you follow??? Why is wealth inequality so prevalent in this nation? Why is our COL growing while wages are declining? Why is our government debt ballooning so rapidly, and why do we require the fed to keep our economy intact? We like to believe we are the best at everything, yet the stats, and the reality suggest otherwise.
Good news perhaps. I would be more concerned about the number of opportunities available for college grads than the actual number of them.
I'm not,as that is short-term thinking. But in a vital metric, where you rank is vital. I'm sure the 9 who passed us are congratulating themselves, as they should.
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