So Psychology majors have a lower unemployment than business, law, engineering, life sciences, and computer sciences. Interesting because that’s the degree that gets such a bad rap here at FR.
Psychologists might get a boom of work in November if we beat Obama. Remember when Kerry lost the election in 2004, stats showed an increase in people seeking mental health...
Carnevale and his team have also quantified the value of various majors in terms of wages. Over a lifetime, the earnings of workers who have majored in engineering, computer science or business were as much as 50 percent higher
Sure, a lot of these graduates are employed, but what salaries are they taking. I will take my degree in Computer Science over a degree in Education or social work any day of the week.
Psychology gets a bad rap because occupations in those fields tend to pay low wages. Bachelor degrees in psychology tend to lead to social work and while social workers are being sought, they are not paid much. Somewhat similar situation for teachers. Easy to get a job but you will never reach high income levels.
Psychology is also kept bouyed by the people drugging themselves into artificial acceptance or compliance. Get paid $60-260 for a visit every quarter to give prescriptions for Adderall, sleep aids, happy pills, etc.