I’m not sure how much education means in our current economic situation. The people who are finding jobs are those with work experience, and particularly, those who know how to do something, as opposed to just knowing something.
People who are experienced and know how to cut hair, repair things, operate complex machinery, for example, will always be in demand. Considering our slide into socialism, they may have to participate in the underground economy to make a living, but their skills will always be in demand.
People who are educated, but not skilled are the ones who are going to be in trouble when everything falls apart.
BTW, our son has a good job now with a company supplying research material for pharmaceutical companies (not that I really understand what he does), but who knows what will happen when Obamacare is fully implemented? I can’t believe people in this country are giving up the best medical care in the world for 3rd world socialized medicine.
I am glad your son found a job that is meaningful and applicable to his discipline.
Also, before I retired 15 months ago, I ran an engineering division of about 34-35 engineers. All masters and PhD educated. The last PhD I hired out of school with no work experience took the offer at $90K+ The lowest salary I had for any of my people was in the $65-70K range - fresh out of school.