Skip to comments.Why College Grads Get Stuck With Lousy Jobs
Posted on 06/28/2013 1:06:07 PM PDT by SeekAndFind
Its tough being a young worker in todays difficult job market. But if your parents tell you it was even tougher when they were your age, dont roll your eyes and write them off. They might just be right.
A common predicament among recent college grads is the difficulty finding professional work that matches their qualifications. Some hold out and refuse to take a job for which theyre overqualified, which is why the unemployment rate for recent grads, at about 6%, is higher than the rate for college grads as a whole, which is only about 4%.
A bigger problem, however, is underemployment. Many new diploma holders need a paycheck, no matter how small, so they take jobs that dont require a college degree, such as retail clerk, waiter, barista, or medical technician. Nearly 45% of college students who graduated during the last five years count as underemployed in this manner, according to new data compiled by economists at the New York Federal Reserve.
That sounds highbut it was even higher during the mid-1990s, when the economy was also recovering from a recession. Back then, the underemployment rate among recent college grads was nearly 50 percent, or a few points higher than it is now. Thats peculiar because the 1990-1991 recession was mild, whereas the 2007-2009 recession were still recovering from was severe. By most other economic measures, the recent recession was the worst since the 1930s.
There was nothing unusual about the economy in the 1990s that punished college grads. In fact, it was typical back then for recent grads to toil beneath their standing, as it were, before finding better work and starting a career. Its not unusual for a significant share of college grads to be working in a job that doesn't require a degree,
(Excerpt) Read more at finance.yahoo.com ...
Crappy Ass Crackers
Great jobs were not exactly plentiful in 1971.
Damned transgender pottery industry tanked.....who coulda seen that comin?
I recently talked with a man at a graduation party. He told me about his son, majoring in gender studies and poetry. I asked him how this kid expected to get a job with that. He looked at me and said “The boy told me that once he graduates there will be many companies that will pay him what he’s worth.”. We both just stood silent shaking our heads. Then I asked why was he paying for it. He basically started to cry so I slinked away.
it’s Crappy Ass Crackas
You have to work a while to be successful, life's tough that way Grads.
Maybe because the longer one is in school and is not actually producing something economically viable the more likely they are to become a whinny liberal who feel they are entitled to cash and prizes just for being so sensitive and morally pure. And yet they are of no practical use to society. Weird how all that liberal philosophy, debt, drunkenness and fornication would not prepare one for business and life. But I bet they rock on Halo and call of duty not to mention facebook.
Yeah - my first post grad job in 1971 required my relocating to Vietnam.
“Crappy Ass Crackers”
I’m going to name my next dog ‘Cracker.’
How many voted Obama?
“Damned transgender pottery industry tanked.....who coulda seen that comin?”
I was at dinner and met my friend’s, daughter’s husband. He told me he was getting his PhD in Russian Art Literature. The parents all studiously studied their plates and the daughter was silent. I stared at this guy incredulously and asked, “Is there a job in that someplace?” He said, “Well, yes, but the only one is when my major professor retires.” I said, “When will that be?” His wife said, “He’s forty.” Total silence. You could hear people chewing. I said, “You’re kidding, right?” Long silence. “Nope.”
Then, I realized I had wandered into a mine field and dropped the subject. But the dinner conversation was zero for several minutes.
Later, the daughter divorced this guy because he was planning on being a student for the rest of his life and she’d decided to move on. She remarried somebody with a job and they’ve been very happy and had children.
I have no idea what happened to Mr. Russian Art Literature.
I bet all of thems did
degrees in worthless fields and specialties. degrees in already-over-saturated fields. degrees in areas where paying your dues by working up a ladder is part of being in that line of work.
Looking for a new band name? How ‘bout Crappy Creeps and the Ass Crackers...?
as soon as he is housebroken
Anyway the guy had a black dog named Whitey!!
That’s such an illustrative story. It demonstrates what big eduction is just a self fulfilling racket....that lives to create new customers for itself. Colleges should be required to hire people who’ve actually worked OUTSIDE of academics for 20 years (school districts too). When the end of eduction, is just to stay in education, then the entire thing is a phony crony ponzi scheme by definition.
Teachers get raises by going back to school for more degrees, which of course creates more customers for grad schools....and on and on the entire thing festers.
149% in some precincts.....
Tragic. That kid sounds like a total lost cause.
The whole college sales pitch is that education and not hard work is the key to success. Now if you just paid $50 - 100k for your education you probably don’t want to accept a position that “anyone” could apply. I blame employers who do no mentor these students during college or after graduation. It’s easier to hire illegals and go offshore that to develop talent, The same employers often complain that there are not enough skilled workers, Maybe education needs to partner with business, But education doesn’t see themselves as making workers skilled.....
I wuz able to convince my DB that I was not suitable as either an order taker nor order giver (way too much a cowboy type as outlined by the 50’s media), so I worked for the (para-military) Boy Scouts and then for the DOD as a civilian.
many companies that will pay him what hes worth.
My father used to tell me that I was only worth what my employer was willing to pay me. Of course, he was born in 1898 and had lived through lots of years of very hard times. As far back as I can remember he always had two full time jobs until he died in 1975 plus we had a small farm.
lousy degrees lead to lousy (if any) jobs
it is really that simple.
students who are going to college for job preparation ... should take job-prep majors like engineering or nursing.
students who just take sociology and ethnic studies and cultural anthropology and, worst of all, “community organizing” (whatever the hell that is), render themselves unemployable.
and if pushed for an honest answer, the very same students would have to admit that They wouldn’t hire themselves, either
they bring nothing of any value to the workplace
The mistake is in thinking that a good formal education automatically entitles someone to a good job.
It doesn’t and shouldn’t. A good education merely means that you are educated.
Having received a formal education, you should now expect to go to work on the shop floor and learn some business from the ground up. That is the real education that will build on your formal education and give it meaning. You’ve got a degree in Medieval French Literature? Great. Now get to work oiling the machinery and in a few years, if you’re smart, you may wind up running this place. Or not.
Chemical and petroleum engineers are at $130,000 a year.
L Who does the kid think he is? Peter Pan?
Anyway the guy had a black dog named Whitey!!”
We moved into what was, at the time, considered a rather upscale neighborhood several years ago in Lenexa, Kansas. Originally all the residents were Caucasian, had children and very family oriented.
Then a Black couple moved in with their very large white dog. HOA regs allowed either no fence or a wooden privacy one. No one had fences because the neighborhood boys all played baseball and football in the wide open yard area. They put in a chain link fence. It’s probably still there. BTW, he was an attorney.
“Tragic. That kid sounds like a total lost cause.”
Gender studies and poetry? Sounds like a queer combination to me.
And not at all employable for anything.
I dunno. I just graduated with a family nurse practitioner degree and have an interview this weekend and, gosh, three more scheduled in the next two weeks. I also already have another solid job offer, but am just interviewing with a few more to see if I like their offers more. LOL ..it’s awesome!!
But I worked as a nurse for several years, doing things that most people could not do without fainting or throwing up ..and then went back to school for more education. I’ve learned specialized skills and had to study my hide off. I’d MUCH rather work as a magazine editor, but, oh well — this pays the bills!
This is an important article but you have to read between the lines. On the surface, it seems to be making excuses for a bad economic environment by telling new graduates that, hey, its not so bad, this is pretty typical.
In truth, it IS bad. If you have huge percentages of grads not working up to the preparation they have paid for and devoted valuable time to achieving, then it is a big loss for the grad and for the economy as a whole. Government has, tragically, played its part in weakening opportunities. No bright, hard-working person should have to worry about finding something to do that supports him or her.
If you encourage studies in fields that don’t generate a paying job, you are failing a student. This happens a lot in universities where kids, who don’t have the best math and communication skills when they enter college, search for a major that they can handle. They are often told by university personnel to find something they like to do—they don’t know what they like to do because they don’t have any adult work experience. So, they choose something that is comfortable or interesting to study. They then take classes in stuff that is not practical and get socialized into the people and field of study. It becomes hard to leave it as it would take a long time to make up for lost studies in more practical majors. The result is a person who wasted years studying something that offers no paying future.
Enslave the graduate with huge college bills...have a tax slave for life...
People getting degrees now are foolish...
best to start working at 16, by 21 do something well that you love, by 30 be a small business owner...without all the college debt...and with working off the radar, able to barter and make a living without being taxed to death...
Good for you. You’ve got your head on straight, it sounds like.
Best wishes on the interviews, and God Bless.
Entitlement mentality instilled in them by their never-had-a-real-job-or-failed-at-it professors.
Shall i continue?
Actually, there will be many companies that will pay him more than what he's worth. We call it "minimum wage."
Gender studies AND poetry? Wow--I'm impressed that he took on the extra workload to get two useless degress.
I recently interview a kid 1 year out of college with 6 months experience as a web designer (his degree was in Business Information Systems - we called those computer science lite). After a few tech questions it was obvious he didn’t know anything about actual software design. For grins as I ended the interview I asked his salary expectations. He said around $85,000 without a grin.
Most come right out of college with nothing but a liberal education and cannot survive. Most are useless because of attitude in the real working world.
Getting a philosophy degree in the Carter years didn’t seem to hurt me much.
A common predicament among recent college grads is the difficulty finding professional work that matches their qualifications.
I’m an old gal who has been around the private sector all my life. My experience is that most recent college grads are not qualified for much of anything until they get some work experience under their belt and prove themselves in more areas than the area they studied.
Employers often look for other qualities in individuals, qualities that can make or break a company. Often it’s not your smarts but other traits that count.
We have thousands of smart people running our country and look at the mess.
Lack of competition?
I had a theory that someone with a new college degree could step into a job that used to be given to someone who had worked his or her way up in the company. Two things happened:
1) The college grads in those positions were younger than those who worked their way up to those positions and stayed in those positions longer, so openings are less frequent.
2) There are more philosophy graduates than there were 30+ years ago.
My oldest son decided to major in Computer Science. Hard worker, but doesn’t have the patience or willingness to sacrifice the time to actually go to school. He’s taken some CS courses (essentially 1 year of college), now working full-time at 50k doing programming. Wish he would finish - fear his growth potential will be limited.
Nah, I just never tried to get a job in it. Over the years I’ve owned a bike shop, been a prison warden, and worked in nuclear weapons and radiation effects.
I have a degree in Social Work. I am pretty employable, I just am not doing social work as it doesn’t pay as good as what I am doing now.
If by this statement you are suggesting that students enroll in an engineering major program at college, bear in mind what I read last year on FR.
Someone posted an observation by the head of a college's engineering department that maybe 15 percent of that university's students were capable of handling the mathematics and physics required to be successful in completing an engineering degree.
Keep that in mind when you make such recommendations. Not everyone can become an engineer, a physician, or an accountant.
That is only 1/2 the problem.
Too many parents send their little darlings off to the University having never worked at a real job in their entire lives.
To be offered a decent position a rational employer wants to see a work history to go witb the academics. Lets be honest here: not getting out in the workplace to develope a work ethic before age 21 is every bit as much a recipe for mediocrity as not learning a language before age 21 or not learning a competative sport before age 21.
Junior comes out with a newly minted sheepskin, but until we see if his abilities to show up on time and accomplish an assigned task and take initiative matches whatever GPA he had he isn’t worth much.
My son who just finished his feshman year of college. He filled out over 20 applications for summer work and only got 2 interviews. 1 at subway and 1 at church. Subway said he wasn’t qualified because he didn’t have experience.
He was an honor grad frim a top private high school. He had very high ACT and an AP scholar. He’s an economics major at Texas A&M with good grades.
Thank goodness a positioned opened up at my husband’s social media start up company, and my son is doing work for them. My husband says my son is dong great, and they are hoping he can continue working for them while he’s at college.
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