Posted on 01/12/2016 7:23:52 AM PST by SeekAndFind
"Millennial College Graduates: Young, Educated, Jobless," reads a Newsweek headline.
"The Youth Recession: The New Normal for Young Workers," is another headline in The Atlantic magazine. "Why Skills Are Not Enough to Land a Job," blares a recent story from The Nation, decrying a new normal of "baristas with BAs."
However, it's an urban myth that college grads are stuck in jobs working as Starbucks (SBUX) baristas, says new analysis from the New York Federal Reserve.
"While there is some truth behind the popular image of the college-educated barista, this portrayal is really more myth than reality," say New York Federal Reserve researchers Jaison R. Abel and Richard Deitz.
Yes, many college graduates are working at jobs that don't require the degrees they paid for, meaning, underemployed.
But the Fed researchers found "that only a small fraction worked in a low-skilled service job in the years following the Great Recession." Instead, the analysts found that "many of those who started their careers in a low-skilled service job transitioned to a better job after gaining some experience in the labor market."
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It's been true for years now that the more education a person has, the less likely they are to be unemployed or even underemployed. About 2.5% of college graduates are unemployed versus 5.6% of those who have only a high school diploma, and 6.7% for those with no schooling, according to the latest data from the Bureau of Labor Statistics.
(Excerpt) Read more at foxbusiness.com ...
Looking at survey data from 2009 to 2013 of underemployed college graduates--those aged 22 to 27 with at least a bachelor's degree--the Federal Reserve researchers found that, of the underemployed college graduates "nearly half were working in relatively high-paying jobs, in information processing and business support, as managers and supervisors, or in sales."
Which begs the question -- does one really need a 4 year college degree to get those kinds of jobs?
“relatively high paying” relative to what?
Relative to those working for minimum wage?
I sold TV’s and VCR’s in a department store for about a year after graduating college, because the local economy had tanked.
Finally I conceded that I’d have to leave town to grab that first rung on the ladder and things started to improve.
Wasn’t all bad. I could pay my student loan and the job gave me health insurance.
Depends on what the definition of high-paying is. My guess that those positions pay $50-60K. Not high paying anymore
RE: My guess that those positions pay $50-60K. Not high paying anymore
Hey, that’s good for someone just starting out... very close to the figure that DISQUALIFIES you from getting subsidies via Obamacare :)
Today we have so many people walking around with useless "degrees".
What SANE employer is going to hire someone with a useless degree.
First, what education the person does have, doesn't apply to the job.
Second, the "education" shows someone who approaches life through an agenda vs reality.
“Which begs the question — does one really need a 4 year college degree to get those kinds of jobs? “
Yes. Many companies now require a masters degree just to get in the door for an interview.
Yeah, they probably can’t even get jobs as Baristas anymore.
**many of those who started their careers in a low-skilled service job transitioned to a better job after gaining some experience in the labor market**
In other words, things are normal.
Colleges have scammed people with useless degrees. Engineering- good, Medicine -good. Lawyer-good. Liberal art degrees you end up being a highly educated cashier.
Having a piece of paper with a prestigious name on it, really means nothing. One can graduate with the bare minimums and get the paper.
Getting a job AND KEEPING IT, require more than a framed piece of paper.
Often times, people are NOT HIRED before they even walk in the door.
In todays world of electronic resumes and social media, companies often weed people out by their online presence.
The ones that do get interviewed can disqualify themselves just by the clothes they wear or how they wear them.
Body language also plays a part in how an employer perceives someone.
I've got a buddy, when he talks, he often sounds like Eeyore. When he doesn't sound like that, he's usually angry about something.
Nobody is going to hire someone with a black cloud over their head. And if they do get hired, chances are they'll be the first ones cut loose when things slow down.
My buddy has had that problem. Repeatedly.
Soooo...though many might make claims like this article, of over educated but under employed, they are really looking at a much bigger picture through a very small hole.
” “nearly half were working in relatively high-paying jobs, in information processing and business support, as managers and supervisors, or in sales.”
“
What about the other half? Un/under employed?
I graduated in 1981 with a degree in Business Computer Programming.
Selling microcomputers for two months was my unemployed period before landing my first programming job.
I work for Ivy Tech Community College, Indiana’s statewide community college. I manage the Industrial Technology Program and Machine Tool Technology Program for my region. A survey of 2014’s graduates (two year program) showed an average annual income of over $90,000. Statewide these programs averaged over $73,000 annual income.
It is a rare week that we don’t receive a call from a business looking to hire a graduate.
The problem is not a college education. It is an education in the wrong field.
Hot babe
Walks into a building looking for an executive job.
Carries herself confidently.
Educated-with a degree from UCLA
Maybe had high grades.
.
.
.
In GENDER STUDIES
What good is a degree in Gender Studies???
.
.
By the way,
The hot babe worked her way through school
.
.
.
.
As a porn star
After the great unemployment forever ran out, we started hiring people who had been unemployed for up to a year. They had no idea how to work. They would leave in the middle of the day and not tell anyone. “Oh I had errands to run”. They couldn’t get to work on time and didn’t seem troubled by it.
Guessed wrong. As I scrolled down, I guessed a Fox News Host.
Happy birthday Liz.
One cousin, her daughter "had" to leave work one day (a job she only had about a week), because her friend just had a baby and she had to go see her friend and the baby.
Needless to say, that job didn't last long. Neither did the next 2 after that.
Same girl can't work long standing, because she has a bad knee. Was going to go on disability...AT 20...but no doctor would sign off on it.
Today, she works at home.
Holding down a sofa.
It seems, that since her knee problem wasn't good enough, now she hears voices.
Qualifies her for a job from the government, that pays her rent, gives her food stamps and some other beni's.
Her sister got knocked up (NOBODY saw that coming (do I need a sarcasm tag?)). The guy, when he works, works at gas station quick marts or fast food joints. Applies for a job, gets "promised" a job to start in 2 weeks, quits the job he DOES HAVE and never gets hired for the job promised. Quits a job, takes $600 out of his girlfriends account and goes to Vegas to play in a tournament for a card game called Magic.
Of course, never has any $$$ for the necessities of his child.
Claims it's not his fault the girl got pregnant. She wasn't supposed to be able to get pregnant if she was on top....SERIOUSLY.
Another cousin, his daughter got knocked up by some guy.
I think he finally got his GED.
Went to some school that taught him how to do oil changes...just oil changes.
Which now qualifies him to be a mechanic...
Couldn't get or hold jobs anywhere, so family members helped get him into a local fruit packing plant.
Second day on the job, his baby hit his head, so he had to leave...and never came back.
My cousin, works at the same plant. Called his daughter to find out about the baby.
Daughter had no idea what he was talking about.
What scares me, is that in their small town area, their are lots of others, just like these.
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