Well duh! When you start seeing major service industries cutting back full time to part time, that opens up more part time staff positions. So there will be more jobs for the art history majors, french lit types, at Dominoes, Papa Johns, et al..
While this may sound like good news, it is not. The demand for non-producing jobs is going down while the service jobs goes up?
Feminist Lit Majors and Nigerian Basketweaving Labor Theory Majors can get jobs now??
Millennial birth years are from 1985 to 2004. Assuming equal births for all those years, less than one third (six years worth from 1985 through 1990) have reached or passed the age of 22, or about the average for a bachelor's degree.
I seriously doubt there is greater than 100% college graduation rate among people aged 22 through 27. Well, maybe in Cleveland or Philly, but elsewhere, not likely.
The 4 year Liberal Arts degree today has the same weight as high school diploma back in the day.
It gives you a leg up when you apply for all those quality jobs produced by the Obama economy such as:
Barista, Dog Walker/Groomer, and parking lot attendant.
People with mechanical skill or good with their hands would probably be better off learning a trade at a community college or apprenticeship program. You will make more money on the job and owe less money than with traditional 4 year college tuition.
.....Being a little sarcastic here. College degrees obviously have value (that’s why I have two of them), but depending on what you’re studying and what your student debt will be, it might make more sense for many people to seek vocational training instead.