"But as a cure for unemployment or as a way to narrow the chasm between the rich and everyone else, “more college” is a too-easy answer. Over the past year, for example, the unemployment rate for college grads under age 25 has averaged 9.2 percent, up from 8.8 percent a year earlier and 5.8 percent in the first year of the recession that began in December 2007. That means recent grads have about the same level of unemployment as the general population. It also suggests that many employed recent grads may be doing work that doesn’t require a college degree.
Even more disturbing, there is no guarantee that unemployed or underemployed college grads will move into much better jobs as conditions improve. Early bouts of joblessness, or starting in a lower-level job with lower pay, can mean lower levels of career attainment and earnings over a lifetime.Graduates who have been out of work or underemployed in the downturn may also find themselves at a competitive disadvantage with freshly minted college graduates as the economy improves."
Re: College Students and Grads are Being F*cked in the A**
Is this really that surprising? Have you seen the degrees being offered out there? Marketing? Management? Accounting Lite = Your Grandma's Bookkeeping? Strategy? Corporate Finance = An old model from 2005 that won't apply any time soon or in the future? Computing Science = Your Grandmas Community College Course on HTML?
GIMME A FUCKING BREAK!
These courses being offered are lame! And yet the lemmings continue to pay 100k a pop just to attend and wonder why they can't get a decent job at the end!