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also, it's easy to criticize...but remember people going college aren't exactly steely 35 year old execs with 3 kids simply looking at the bottom line. with the first taste of freedom you're bound to screw up...
Mid-career it's not even comparable. The English major from Yale is killing it compared to the vocational groups.
Quote:
Originally Posted by Charles
Ya right.
3.8% of all 1%ers are English majors. That's behind biology, economics, poly sci, and accounting. Just English+History adds up to more than all of the engineering disciplines.
This is actually the best discussion about this subject I have had and a lot of good information has been posted here. I'm still not convinced though that more shouldn't be done at the high school level to allow students to make a more well-informed decision about their future.
The root of the issue is that there aren't enough living wage jobs in the country to go around. Period.
That's because we sent them all overseas.
The average wage in inner Mongalia and South Sudan is 4 cents a week. U.S grads are FREE to compete for 2 cents a week, unless they are freedom hating commies who don't want to help their country recover.
This is actually the best discussion about this subject I have had and a lot of good information has been posted here. I'm still not convinced though that more shouldn't be done at the high school level to allow students to make a more well-informed decision about their future.
This study shows paints a pretty grim picture for recent grads.
It does? After figure A:
"The historical fact that the unemployment rate for young workers tends to be around twice the overall rate continues to be true today. In March, the overall unemployment rate averaged 8.2 percent, and the unemployment rate of workers under age 25, at 16.4 percent, was exactly twice as high.
...the situation young workers face today is not unexpected given the overall weakness in the labor market. In other words, unemployment of young workers is extremely high not because of something unique about the Great Recession and its aftermath that has affected young people in particular, but because young workers always experience disproportionate increases in unemployment during downturns—and the Great Recession was the longest, most severe recession this country has seen in more than seven decades."
Figure J and Table1 also illustrate my earlier point that degree holders are pulling away from non-degree holders.
I would like to have a meaningful discussion about the "entitlement" generation and the problem with many young people pursuing degrees that are not marketable.
Young people today seem to think that Degree = Job and with the increasing number of people going to college the job market is more competitive than ever. What can be done to encourage young people to pursue degrees that will land them a job after college? This issue does not seem to be covered enough. These conversations are not being had at the high school level. I think parents are partly to blame because a lot don't realize how drastically the job market has changed over the years. High schools don't encourage kids to take something marketable, they encourage them to take something "fun" or "interesting". Colleges don't care what you take as long as they get your money.
There are too many kids graduating and crying they can't get a job because they got a BS in Psychology. What can be done? Discuss...
First off, I take it that you don't like young people. With that said. A degree, any degree, statistically speaking greatly increases your chances of employment by the time you reach 25. That is simple math.
The average wage in inner Mongalia and South Sudan is 4 cents a week. U.S grads are FREE to compete for 2 cents a week, unless they are freedom hating commies who don't want to help their country recover.
Do you have a source for that? I would be very surprised if that is true regarding Inner Mongolia.
You are assuming everyone wants a job in corporate America? There are plenty of people who get educated in liberal arts without taking on a lot of debt (Harvard gives free tuition to people whose parents make under $50k!), and go survive on little amounts of money. Perhaps they don't aspire to "American Dream" types of lives with homes in the suburbs and two cars...maybe they are happy with an apartment in the city, a bunch of roommates, no cars, no debt service payments, no kids, no families to take care of, etc.
Yes - believe it or not there are people with MFAs who survive on $20k a year (or less) and are happy with their lives! They don't all need material possessions and promotions and salaries to feel good about themselves!
I would like to have a meaningful discussion about the "entitlement" generation and the problem with many young people pursuing degrees that are not marketable.
Young people today seem to think that Degree = Job and with the increasing number of people going to college the job market is more competitive than ever. What can be done to encourage young people to pursue degrees that will land them a job after college? This issue does not seem to be covered enough. These conversations are not being had at the high school level. I think parents are partly to blame because a lot don't realize how drastically the job market has changed over the years. High schools don't encourage kids to take something marketable, they encourage them to take something "fun" or "interesting". Colleges don't care what you take as long as they get your money.
There are too many kids graduating and crying they can't get a job because they got a BS in Psychology. What can be done? Discuss...
All degrees are marketable; some have more limitations than others. Not everyone can be an engineer or a scientist.
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