OldManOnFire
Rookie
This is a rather old study.
The unemployment rate for 18-to-24 year-olds is 16.3 percent, according to the Pew Research Centerwhich used numbers from the U.S. Bureau of Labor Statistics to compile its data. The number of employed college-aged Americans is the lowest since the government began keeping tabs in 1948.
Employment for college-aged students hit all time low - News - Indiana Statesman - Indiana State University
Lets use something newer.
53% of Recent College Grads Are Jobless or Underemployed—How? - Jordan Weissmann - Business - The Atlantic
53% of Recent College Grads Are Jobless or Underemployed
More than half of America's recent college graduates are either unemployed or working in a job that doesn't require a bachelor's degree, the Associated Press reported this weekend
That said, not all degrees are created equal. The AP reports that students who graduated out of the sciences or other technical fields, such as accounting, were much less likely to be jobless or underemployed than humanities and arts graduates. You know that old saw about how college is just about getting a fancy piece of paper? Not true. For an education to be worth anything these days, it needs to impart skills.
When there were fewer graduates, a generic college degree used to be a valuable credential. Now that the market is flooded, diplomas count less, and specific skills count more. This means that, in many instances, associates and technical degrees may be more financially valuable than a liberal arts degree. After all, some of the fastest growing job categories are expected to be in so-called "middle-skill" positions such as nursing, which do not require a full, four-year education. It's one more sign that, for people seeking to fix America's employment picture, "college for all" is the wrong mantra. We need to be talking about "skills for all" instead.
Maybe you should study this government data; Table A-4. Employment status of the civilian population 25 years and over by educational attainment
It is stupid to believe that a person has no advantage in job seeking if they possess a college degree?
If they possess a college degree in which the supply is much greater than the demand, then they will have more struggle finding employment. But they can obtain more education, more skills, or change direction, whatever is necessary to chase the available jobs...
An argument that flies in the face of reality. They can acquire more skills or even SOME skills. Skills are something that grads don't get from vanity degrees.
Fact remains that the unemployment rate for those with college degrees is much less than those without college degrees.
Also this morning on the local news a statement was made that a person with a college degree and working in the Silicon Valley area earned 2-1/2 times as much compensation as a worker with a high school diploma...