‘Good.is’ gives its take on the problems facing the young college graduate
One of the things that is most terrifying for the college student is the fear of the unknown – the landscape of the employment environment is changing, and with the economy in such a hurt right now, job prospects for even the highly educated are becoming more and more dire. ‘Good.is’ recently posted an article with a few anecdotes from college graduates who are struggling to find work, and beginning to question the value of their educations. While hardly a scientific study, the article does quote a few statistics, which are somewhat sobering. These two stuck out at me:
-The unemployment rate among workers with at least a college degree is the highest it has been since the U.S. Bureau of Labor Statistics began tracking such data, in 1970.
-of the more than 2 million college graduates under the age of 25, about 700,000 have a job that doesn’t require a degree.
I’ve been railing on for a while that the value of a college degree is not nearly as good as it once was. College in the US is expensive, and more and more people are finding that they end up employed in positions where they wouldn’t have needed that degree anyway, so they are going massively in debt, to the tune of tens or even hundreds of thousands of dollars, for something that has a significant chance of never repaying that investment.
The full article is worth a read, especially if you’re one of those college grads who is struggling to find meaningful work, if for no other reason than to let you know that you aren’t alone in your hardship.