__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Good thing that debt was federalized ! The more this garbage bag is shaken out,
the more obvious it is that the troglodytes have elected an incapable skunk to lead
this country. Unfortunately, the direction we're going is 'round and 'round and 'round the toilet.....
Yeah, did you hear the unemployed looser lawyer the other day at the feel good Obama rally? The federalizing of student loans he actually praised as a good thing Obama had done. Yet, WTF good has it been in the few months only except put more people on the unemployment line?
__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
The only thing worse is the fact that graduates so few job prospects relative to a decade ago. Overeducation, debt, and underemployment is a pretty nasty combination economically and socially. Expect defaults to continue rising...
The only thing worse is the fact that graduates so few job prospects relative to a decade ago. Overeducation, debt, and underemployment is a pretty nasty combination economically and socially. Expect defaults to continue rising...
For sure. The 'Education Industry' is not current; 7 years ago, they were still advertising certification programs for jobs actively being exported to India, Ireland and 'points east'. Now, the cost of education is sky-high, a graduate's chances of being employed when he graduates (and when his creditors expect repayment !) are slim at best. And still the American taxpayer is called upon, now, he's the creditor to unrecoverable student debt. Compound that with the fact that many of the jobs these newly degreed adults will get, pay 25-50% less than they did just a few years ago.
For sure. The 'Education Industry' is not current; 7 years ago, they were still advertising certification programs for jobs actively being exported to India, Ireland and 'points east'. Now, the cost of education is sky-high, a graduate's chances of being employed when he graduates (and when his creditors expect repayment !) are slim at best. And still the American taxpayer is called upon, now, he's the creditor to unrecoverable student debt. Compound that with the fact that many of the jobs these newly degreed adults will get, pay 25-50% less than they did just a few years ago.
Our Gov. will no doubt screen students and tell them what they have to major in. You know, it don't matter what the student thinks they want to do the rest of their life, our gov knows whats best for them.
__________________
GOD COUNTRY AND FAMILY
A TRUE AMERICAN
Our Gov. will no doubt screen students and tell them what they have to major in. You know, it don't matter what the student thinks they want to do the rest of their life, our gov knows whats best for them.
Well why not ? When we bought out the automakers, they were told what to do...this is the same, no ? Hey...we need more community organizers so there will be a penalty on all loans going to students with a course of study that does not include Political Science and of course community organizing...heheheeh...the dems feel that if they're gonna pay the bill, (they're NOT paying ANYTHING actually), they're gonna tell you what's on the menu...
what are these CEO's gonna do when the lynch mob forms of out of work former employees, course hopefully that day won't come, but if it does...watch out!
I think we do have underemployment, which is going to get worse, but I do not think it is the result of over-education but rather a mismatch between what college students are studying and the skills and knowledge that employers in both the private and public sectors require in new hires. At UCLA, for example, the most popular and competitive major, which the most gifted students at that school are vying for a seat in, is "Communications". I am not sure what a Communications major actually studies and what types of positions they are qualified to fill when they graduate but I have heard that it is a very easy major with no difficult prerequisites. However, I would not be surprised if many of these Communications majors, even though they graduated from a very prestigious school like UCLA, are going to find little demand for their services after graduation.
On the other hand, my elder son is a sophomore at California State University Sacramento (not nearly as prestigious as UCLA) and is majoring in Geology. He tells me that there are not many other Geology majors there despite the fact that Cal State Sacramento has one of the largest and best equipped Geology departments for a California State University. The lack of interest in majoring in Geology on the part of nearly all college students would seem to be surprising in light of the fact that there is a large and growing demand for trained geologists in both the private and public sectors and a paucity of students graduating with degrees in Geology to fill them. The reason may be that upper division Geology courses are very hard and the prerequisites for the major at my son's school include three semesters of Calculus, three semesters of Calculus-based Physics and two semesters of Chemistry.
My younger son who is a high school senior is filling out college applications now. He has expressed a desire to major in Physics, Chemistry or Engineering. Since he scored a 720 out of 800 (95th percentile) on the Math portion of the SAT I am reasonably confident that he can successfully complete a degree program in any of those fields. Since I believe that employers in both the private and public sectors are going to continue to demand that the college graduates they hire must have ever stronger quantitative, scientific and technical skills and knowledge I think both my sons will have better employment prospects, even if they only get their degrees from a state university, than the Communications majors with degrees from UCLA or any other top ranked university.
I think we do have underemployment, which is going to get worse, but I do not think it is the result of over-education but rather a mismatch between what college students are studying and the skills and knowledge that employers in both the private and public sectors require in new hires. At UCLA, for example, the most popular and competitive major, which the most gifted students at that school are vying for a seat in, is "Communications".I am not sure what a Communications major actually studies and what types of positions they are qualified to fill when they graduate but I have heard that it is a very easy major with no difficult prerequisites. However, I would not be surprised if many of these Communications majors, even though they graduated from a very prestigious school like UCLA, are going to find little demand for their services after graduation.
Probably beer drinkin', pot smokin', and womanizing.
(not necessarily in that order)
More bad news for the USA
