Welcome to the Obama economy, kiddos. Hope and change. About half of all new college graduates are either unemployed or underemployed.
A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge.
Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that’s confounding their hopes a degree would pay off despite higher tuition and mounting student loans.
An analysis of government data conducted for The Associated Press lays bare the highly uneven prospects for holders of bachelor’s degrees.
Opportunities for college graduates vary widely.
While there’s strong demand in science, education and health fields, arts and humanities flounder. Median wages for those with bachelor’s degrees are down from 2000, hit by technological changes that are eliminating midlevel jobs such as bank tellers. Most future job openings are projected to be in lower-skilled positions such as home health aides, who can provide personalized attention as the U.S. population ages.
Taking underemployment into consideration, the job prospects for bachelor’s degree holders fell last year to the lowest level in more than a decade. (Read More)
Update: I almost forgot the link. Sorry about that.
The folks who run these social science programs and colleges must be laughing their butts off at the expense of the student and the folks who pay the tuition, in some cases the taxpayer. They just know they got their money and they will continue to funnel some of it to their friends in Washington who keep pushing these worthless degrees.
To the students who are still in college or are planning to start you really should check the market to see what degree will get you a job to help pay back your loans. To the lad with the critical writing degree all I can say is Caveat Emptor.
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The student should also choose a major that he knows he’ll be very good at doing.
You can earn money in creative writing. But the vast majority of creative writing students aren’t of the caliber of a Robert Frost or a John Updike or a Rod Serling or a George Lucas.
Before a high school student decides to major in creative writing, he should start a blog and see how easy or hard it is for him to write creatively on a regular schedule.
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I agree.
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I was thinking he should start a blog now so he’ll be working on his writing skills while creating a body of work he can use when he interviews.
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Obama and Big Education push the myth that all you need a a diploma. In the real world, it not diplomas, mere credentials, which get a job. It is a marketable skill. That is a job that needs to done and that you can do.
Locally, at Rochester Institute of Technology, students are offered jobe, even before they graduate. Then of course they are taking courses like Calculus. Want a job, leann something which is hard. Conversely, a diploma with the word Studies in it is very apt to be useless.
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We have a friend who went to RIT. He’s had a job ever since he graduated a couple years ago. He’s always been a good kid, and worked during breaks and summers ever since he was about 14 years old.
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