Posted on 06/28/2013 1:06:07 PM PDT by SeekAndFind
It’s tough being a young worker in today’s difficult job market. But if your parents tell you it was even tougher when they were your age, don’t 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 they’re 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 don’t 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 high—but 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. That’s peculiar because the 1990-1991 recession was mild, whereas the 2007-2009 recession we’re 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. “It’s 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 ...
Lousy Degrees.
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”
LOL! *SNORT*
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!!
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