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Students of the Great Recession (more people going to college)
New York Times ^ | May 3, 2010 | David Leonhardt

Posted on 05/09/2010 5:04:41 AM PDT by reaganaut1

The Great Depression did not have too many silver linings, but it did change the way Americans thought about education, clearly for the better. In 1930, only 30 percent of teenagers graduated from high school. By 1940, after a decade in which there often was nothing better to do than stay in school, the number had jumped to 50 percent. The Depression didn’t just make Americans tougher. It made them smarter.

In the years that followed, these newly skilled workers helped create an economic colossus. They were the factory workers, office clerks and managers who built up General Motors, U.S. Steel, R.C.A. and I.B.M. So when our own Great Recession began more than two years ago, it was reasonable to hope that something similar, if less extreme, might take place.

In a historical echo, the share of young adults in recent years who graduated from college happened to be about 30 percent. By any serious reckoning, that number was too low. The gap between the pay of college graduates and everyone else has grown sharply over the last three decades, reaching a new all-time high last year, which suggests that workers with a degree are too scarce a resource. There may indeed be a natural ceiling on how many college graduates a society should produce, but the United States does not appear close to it.

A deep recession has the potential to change that. It can keep people in school, or drive them back to school, in two main ways. First, it reduces the opportunity cost — to use the technical term — of attending college. When times are tough, you are less likely to be missing out on a good $20-an-hour job by being in class.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: college; education; greatdepression; unemployment
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In the Great Depression, the government pressured employers to keep wages too high, resulting in high general unemployment. When the unemployment rate of adults rises, that of teenagers rises even more. Leonhardt seems to think this is a good thing. He also ignores the fact that many people are simply not smart enough to study subjects at a college level, for example taking calculus or producing a coherent, footnoted 20-page term paper using a variety of sources.
1 posted on 05/09/2010 5:04:41 AM PDT by reaganaut1
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To: reaganaut1

We’re trying to get our son (22, NOT living at home) to go back to college full time; there’s no better time than now, because he can’t find a job and Grandma will 100% bankroll him if he does so.

Of course, he knows what’s best, as do all of the unemployed 0bama voters out there. *Rolleyes*

And I totally agree; most of America has been dumbed down to the point where higher education is an impossibility for most...all by design, Comrade. All by design. ;)


2 posted on 05/09/2010 5:11:45 AM PDT by Diana in Wisconsin (Save the Earth. It's the only planet with Chocolate.)
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To: reaganaut1

People might not be smart enough to study at a college level, but people are smart enough to learn a new trade. During the Depression, technical correspondence schools flourished.


3 posted on 05/09/2010 5:16:09 AM PDT by GAB-1955 (I write books, love my wife, serve my nation, and believe in the Resurrection.)
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To: reaganaut1

If the result would be a greater output of engineers, great. Unfortunately, the vast majority are going to be in the non-technical areas. Worse yet, more lawyers, MBAs, accountants, and other overhead personnel of which there already is a glut. And almost all of them are impossibly in debt.


4 posted on 05/09/2010 5:17:43 AM PDT by qwertypie
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To: GAB-1955

About 29% of adults over 24 are college grads and about 1% have advanced degrees. Only about 4% of people with average IQ (100)or lower have college degrees. It seems like there are a lot people who can’t handle a higher education (college, at least). As to learning a new trade, apparently there are a lot of people who aren’t disciplined enough to complete such training.


5 posted on 05/09/2010 5:20:14 AM PDT by hal ogen ($10 (I think) ajmo0unts through the internet from all over the world.)
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To: reaganaut1
He also ignores the fact that many people are simply not smart enough to study subjects at a college level, for example taking calculus or producing a coherent, footnoted 20-page term paper using a variety of sources.

So, they major in Political "Science", Ethnomania, Art Appreciation, "Journalism", or Gender Hatred, and along the way are programmed into good little Socialists who vote for "Change".

6 posted on 05/09/2010 5:20:52 AM PDT by Gorzaloon (CNN:AP:etc:Today, President Obama's stool was firm and well-formed. One end was slightly pointed. ")
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To: qwertypie

You beat me to my comment. Most of them will be fluff majors and it’ll be even worse than lawyers, accountants, etc. It’ll be psych, history, and african american studies majors.

I wonder if there is a single recorded instance anywhere of anyone using anything they learned in african american, gender, women’s, etc. studies to improve our international competitiveness.


7 posted on 05/09/2010 5:23:01 AM PDT by gthog61
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To: reaganaut1

He also ignores the fact that many people are simply not smart enough to study subjects at a college level, for example taking calculus or producing a coherent, footnoted 20-page term paper using a variety of sources.

It’s not just that. Most jobs require at best a 1 or 2 year apprenticeship. Of course that wouldn’t support an army of liberal indoctrinators.


8 posted on 05/09/2010 5:24:18 AM PDT by freedomfiter2
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To: qwertypie

Law School Graduates Face a Tough Job Market - WSJ.com

http://online.wsj.com/article/SB10001424052748704866204575224350917718446.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsSecond


9 posted on 05/09/2010 5:27:44 AM PDT by The Magical Mischief Tour
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To: reaganaut1

The ability of the Left to put happy faces on this major recession is incredible.


10 posted on 05/09/2010 5:28:29 AM PDT by Jacquerie (Basically, National Socialism and Marxism are the same - Adolf Hitler)
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To: reaganaut1
Why go to college, when you can live for FREE with OBAMA MONEY, and let those rich bastards who have more money than they need just have the Gubmint TAKE IT, and buy your vote with handouts?

Hell; you don't even have to be a U.S. Citizen to get handouts now.

We've had the Democrats/Socialists create a dependent-class that assures they can stay in office, ALSO living off the earnings of working folks, and voting themselves raises and perks, at will.....

Is this a great country, or what?

11 posted on 05/09/2010 5:34:38 AM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Gorzaloon

How true. I recently purchased a new computer at Best Buy and the sales assistant, an African American, said he was thinking of going back to college to “earn” his masters in Africology.


12 posted on 05/09/2010 5:35:01 AM PDT by chickadee
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To: Diana in Wisconsin

“And I totally agree; most of America has been dumbed down to the point where higher education is an impossibility for most...all by design, Comrade. All by design. ;)”


Not say that ALL higher education is bad; but most I’ve seen from higher education are not that impressive IMO.

I think when you look at what some are paying out, and what they’re getting in return (for wages) it’s not worth it.

I just don’t see the returns being worth the initial cost. It’s way overpriced IMO.


13 posted on 05/09/2010 5:37:57 AM PDT by CommieCutter (Obamanomics :Privatize Gains, Socialize Losses.)
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To: chickadee

“How true. I recently purchased a new computer at Best Buy and the sales assistant, an African American, said he was thinking of going back to college to “earn” his masters in Africology.”


....and his work skills will still be on par with what he learned from Best Buy. The End.


14 posted on 05/09/2010 5:39:17 AM PDT by CommieCutter (Obamanomics :Privatize Gains, Socialize Losses.)
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To: Jacquerie

The ability? That would suggest they’re accomplishing the happy faces. I don’t see it.

More like the determination is incredible. I’m sick of it.


15 posted on 05/09/2010 5:41:05 AM PDT by CommieCutter (Obamanomics :Privatize Gains, Socialize Losses.)
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To: gthog61

America’s education system and the choices that students are making is a snapshot of what is wrong with the country in general. Instead of creating a good business environment where creators and engineers and provide good jobs for the workforce, it is government and unnecessary paper-pushing where the remaining growth is.

So we’re educating a larger proportion of paper-pushers and artistes ... call me unimpressed.


16 posted on 05/09/2010 5:41:58 AM PDT by qwertypie
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To: reaganaut1

What is so great about a bunch of people going back to school so they can pile up massive debts and still be unemployed?


17 posted on 05/09/2010 5:48:11 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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Here’s one for you. I know a 30+ year old who is starting college this summer. She got a pell grant or something. The kicker is that she’s on social security disability for being bi-polar. So, our tax dollars are paying not only for her “disability,” they will also be paying for her to go to college.

This woman will never enter the workforce. She has never held a “real” job. She cleans houses or babysits every now and then, for which she gets paid off the books.


18 posted on 05/09/2010 5:54:37 AM PDT by RoseyT
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To: chickadee
How true. I recently purchased a new computer at Best Buy and the sales assistant, an African American, said he was thinking of going back to college to “earn” his masters in Africology.

Well, I suppose he will still be at Best Buy afterward. Unless he is programmed to resent working for The Man.

A lack of critical thinking, to ask the question, "What will these studies gain me, and what career or earnings benefit do they have?" does not seem to be an encouraging predictor.

Until we dispose of this kind of foolishness, people will be burdened with student loans for absolutely no gain. What a scam.

And where would the "professors" be?

19 posted on 05/09/2010 5:55:30 AM PDT by Gorzaloon (CNN:AP:etc:Today, President Obama's stool was firm and well-formed. One end was slightly pointed. ")
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To: hal ogen
About 29% of adults over 24 are college grads and about 1% have advanced degrees. Only about 4% of people with average IQ (100)or lower have college degrees.

Do you have a source for these statistics, especially the 4% one? I think you are right, but I'd like to be able to cite sources for future discussions.

20 posted on 05/09/2010 5:56:20 AM PDT by reaganaut1
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