Perhaps the problem is that people who are destined for a dead-end job are now going to college: http://en.wikipedia.org/wiki/File:Educational_Attainment_in_... In 1990 ~20% of the US had bachelors degrees. In 2009 ~25% did. In the same period, the % of college grads in low wage jobs also went up by about 5% (according to the OP). Caveats: 1) That second 5% is from the population of grads not the total population, so…
The real problem is people studying bullshit that nobody really needs. Young people got sold the idea that they can be anything they want to be, they they are all special snowflakes. The reality is quite a bit more brutal. What we really need is mandatory career counseling, once a year, for every student. The counselors must be familiar with the state of the market, the market trends, technology trends, number of fut…
Re: The Growth of College Grads in Dead-End Jobs
#61It is not just young gullible kids but even experienced folks. Note the oncoming glut in the Phd market. If people who work towards doctorates in highly specialized fields cannot forsee the supply-demand mechanics then younger people surely can be excused for making similar mistakes!