Posted on 05/12/2014 6:32:20 AM PDT by SeekAndFind
It’s “Pomp and Circumstance” time for 1.6 million US college graduates.
While members of the class of 2014 have some cause to celebrate, they also know they are a few short months away from starting to pay down their share of the $1 trillion-plus student-loan debt.
The most shocking number of all is that only 17 percent of these soon-to-be grads have a job lined up, according to AfterCollege Inc., which crunches these numbers and also tries to help match employers with recent graduates. Despite our being a year further along on the road to economic recovery, this year’s 17 percent is actually down from the class of 2013’s 20 percent who had a job lined up before graduating.
(Excerpt) Read more at nypost.com ...
It would sure be nice if companies began hiring AMERICANS for a change.
For an entire generation, American companies have sent American jobs to foreign countries.
Bring back American jobs.
RE: It would sure be nice if companies began hiring AMERICANS for a change.
What are they hiring in America today?
We are on the verge of “student loan forgiveness” and “creating a WPA-style work program” becoming the two main issues that swing elections.
I believe America’s entire productive capacity is being hi-jacked, by people who are even now sending it to any other country than America.
America needs jobs right here in America.
Bring back American jobs.
Illegals?
ObamaCare, hope and change are interfering with jobs for new graduates?
That is unexpected. I'm shocked.
I am curious what percentage of college graduates with marketable degrees (engineering, computer science, math, science, accounting, etc) and a B average have jobs lines up. I'd guess it's a whole lot better than 17%, but even five years into Obama's recovery a whole lot worse than if FedGov would just get out of the way.
I’ve wondered for some time how some of the college graduates were going to pay student loans off flipping burgers. Of course,that’s assuming you can get one of those jobs that you’re over-qualified for. Seems the ones coming out ahead here are the over-priced colleges/universities. How many are considering this when they are picking their college of choice?
The person with the power to get FedGov out of the way of hiring Americans thinks all countries are equally special. The communist community organizer doesn't want those jobs back here, not at the expense of jobs overseas, and not if they are going to emit CO2.
“Bring back American jobs.”
To the founding fathers free trade meant freedom to trade with any nation, company, or individual. It did not mean open markets.
During the 1800’s the US maintained high tariffs to protect its developing industry from low cost European manufactured goods imports. High tariffs resulted in the US creating the largest and most productive industrial economy on the planet. With that protected economy the nation developed a huge middle class.
The loss of middle class jobs has been a direct result of the decision by government and private industry to deindustrialize the nation over the past 25 years. Opening up the US domestic market to competition from third world labor has resulted in the flight of capital out of the US, the loss of the diversified manufacturing base and supply chains essential for national security and economic security, as well as the corresponding loss of middle class jobs. We are now seeing the second phase of this loss as R&D centers, and their high value jobs, are being moved to the locations of manufacturing.
Currently our consumer driven, and government entitlements transfer driven, economy is spending down our national savings and borrowing to the limit of our credit line in a desperate effort to maintain the standard of living afforded by a healthy industrial economy.
We still have a very limited window of time to raise tariffs back to historical levels and see renewed investment in domestic manufacturing. If we wait until we’ve spent our national savings and seen our reserve currency status disappear, we will be just another third world country with a small elite class ruling over impoverished peasants. Our choice today is to produce our way back to prosperity or borrow our way to poverty. The same rules that apply to individuals apply to nations.
RE: America needs jobs right here in America.
And how’s that going to happen if the regulatory and taxation system of this country is HOSTILE to start-ups and businesses large and small?
You have to create the CONDITIONS that are FAVORABLE to risk taking ( and hiring is a risk ) in order for entrepreneurs and businesses to expand and grow ( and THEN and only then will jobs be created ).
First, make the conditions favorable for business, THEN and only THEN will jobs be created.
I respectfully disagree.
It is time for America to stand up globally, and to bring back American companies, and more importantly American jobs.
We have sold out America for an entire generation.
Both parties.
Bring back jobs to America.
RE: Illegals?
We’re talking college grads here. Companies aren’t going to hire illegals for jobs that require college degrees.
RE: It is time for America to stand up globally, and to bring back American companies, and more importantly American jobs.
Let’s say we have an American company doing R&D and marketing work in China because China is in and of itself a huge market and is in one of the fastest growing emerging region of the world — ASIA.
Let’s say you are President CNN. How are you going to force this American company to bring all of those R&D and marketing jobs to the USA when it is IMPRACTICAL for them to do that?
All they’d do is REORGANIZE as an Asian company. Are you, President CNN going to tell Congress to pass a law making in illegal for American companies to establish businesses overseas?
Pfizer is already doing that, moving their HQ from the USA to London.
They are hiring immigrants, legal and illegal.
Between the first quarter of 2000 and the first quarter of 2013, the native-born population accounted for two-thirds of overall growth in the working-age population (16 to 65), but none of the net growth in employment among the working-age has gone to natives.
The overall size of the working-age native-born population increased by 16.4 million from 2000 to 2013, yet the number of natives actually holding a job was 1.3 million lower in 2013 than 2000.
The total number of working-age immigrants (legal and illegal) increased 8.8 million and the number working rose 5.3 million between 2000 and 2013.
Even before the recession, when the economy was expanding (2000 to 2007), 60 percent of the net increase in employment among the working-age went to immigrants, even though they accounted for just 38 percent of population growth among the working-age population.
Since the jobs recovery began in 2010, about half the employment growth has gone to immigrants. However the share of working-age natives holding a job has remained virtually unchanged since 2010 and the number of working-age natives without a job (nearly 59 million) has not budged.
The decline in the share of natives working, also referred as the employment rate, began before the 2007 recession. Of working-age natives, 74 percent had a job in 2000; by 2007, at the peak of the last expansion, just 71 percent had a job, and in the first quarter of 2013, 66 percent had a job.
The decline in employment rates for working-age natives has been nearly universal. The share of natives working has declined for teenagers and those in their 20s, 30s, 40s, and 50s from 2000 to 2007 and from 2007 to 2013. The decline has been especially pronounced for workers under age 30. Like age, there has been a decline in work for all educational categories. The employment rate for native high school dropouts, high school graduates, those with some college, and those with at least a bachelor's degree declined from 2000 to 2007 and from 2007 to 2013.
The number of adult natives with no more than high school education not working is 4.9 million larger in 2013 than in 2000, the number with some college not working is up 6.8 million, and the number with at least a bachelor's degree not working is up 3.8 million.
The decline in work, which began before the Great Recession, has impacted men and women as well as blacks, Hispanics, and whites. The fall in the share of working-age natives holding a job has been most pronounced for men, blacks, and Hispanics.
During the five years prior to 2013 (2008-2012), about 5.4 million new immigrants (legal and illegal) of all ages arrived in the United States. In the five years prior to 2007, about 6.6 million new immigrants arrived. Thus, during the worst economic slowdown in the last 75 years, immigration fell by only 17 percent compared to the economic expansion from 2002 to 2006.
BTTT
Another excellent post.
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