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According to Wikipedia, only 35% of the US population has Bachelor's degrees. That is a shockingly low number for an economy that is becoming increasingly more focused on jobs higher up the value chain (with the lower jobs being offshored).
But it gets better - out of those 35% of graduates, a good majority are in low value disciplines like Social Work and some are in unmonetizable disciplines like "Latin American Studies".
Public Service Announcement - I'm sorry but if you wanted to know about Latin America you did not need to spend $100k on a degree, just read the Wikipedia articles for free and save a lot of money.
The demand is for STEM, that is what is required by the economy, yet there is an insufficient number of people who want to take the trouble to get into those majors because they are super hard and our culture is set for instant gratification without taking any trouble or taking the least amount of trouble.
According to Wikipedia, only 35% of the US population has Bachelor's degrees. That is a shockingly low number for an economy that is becoming increasingly more focused on jobs higher up the value chain (with the lower jobs being offshored).
But it gets better - out of those 35% of graduates, a good majority are in low value disciplines like Social Work and some are in unmonetizable disciplines like "Latin American Studies".
Public Service Announcement - I'm sorry but if you wanted to know about Latin America you did not need to spend $100k on a degree, just read the Wikipedia articles for free and save a lot of money.
The demand is for STEM, that is what is required by the economy, yet there is an insufficient number of people who want to take the trouble to get into those majors because they are super hard and our culture is set for instant gratification without taking any trouble or taking the least amount of trouble.
Of the 1,895,000 bachelor's degrees conferred in 2014–15, the greatest numbers of degrees were conferred in the fields of business (364,000), health professions and related programs (216,000), social sciences and history (167,000), psychology (118,000), biological and biomedical sciences (110,000), engineering (98,000), visual and performing arts (96,000), and education (92,000).
"Area, ethnic, cultural, gender, and group studies" degrees counted for 7,800 out of 1.9 million degrees awarded in 2015-16. That is not a majority, that is approximately 0.04%. It is not even half of one percent.
"Area, ethnic, cultural, gender, and group studies" degrees counted for 7,800 out of 1.9 million degrees awarded in 2015-16. That is not a majority, that is approximately 0.04%. It is not even half of one percent.
But... but... everyone just knows most L-types major in basketweaving and appreciation of native culture!
The economy is booming. Small business owners report record profits, as do public companies. Companies major issue is finding employees to allow them to expand. Wages are going up and up, as employers bid up the price of labor.
With the U.S. economy strong and stocks near record levels, retirees’ and workers’ confidence in having enough money for retirement have risen to all-time highs (Source: the Employee Benefit Research Institute). EBRI reports 82% of polled retirees are very optimistic about their personal finances supporting a comfortable retirement, and 67% of currently working adults report they are very optimistic about their personal financial situation supporting a comfortable retirement.
What you don't get is that as everything becomes more expensive, and everyone makes more money, all that means in the dollar value is tanking into the dirt. Also, the new money printed out of thin air just goes to pump up the stock market, and just adds to the national debt. But yeah, things are just swingin'!
It's a house of cards.
What you don't get is that as everything becomes more expensive, and everyone makes more money, all that means in the dollar value is tanking into the dirt. Also, the new money printed out of thin air just goes to pump up the stock market, and just adds to the national debt. But yeah, things are just swingin'!
It's a house of cards.
The economy is NOT bad. However, wages are certainly not in line with the cost of things today. Mainly housing.
Yes, housing is expensive. You can thank your local, state, and federal government elected representatives, bureaucrats, and mandarins for that, as they foist all manner of costly requirements onto the shoulders of real estate developers, driving up the costs of residential real estate development. Some estimates are that such regulations add as much as $200,000 per house to the cost of housing in Southern California.
But it gets better - out of those 35% of graduates, a good majority are in low value disciplines like Social Work and some are in unmonetizable disciplines like "Latin American Studies".
Public Service Announcement - I'm sorry but if you wanted to know about Latin America you did not need to spend $100k on a degree, just read the Wikipedia articles for free and save a lot of money.
Add fluency in Spanish (bonus points for Brazilian Portuguese) and if you've got good analytic skills, you can find a good job in what seem like an infinite number of businesses involved in trade, entertainment, financial services, etc. within the Sunbelt to Latin American sphere. Plenty of jobs where an understanding of a diverse customer base is an asset in employment.
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