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It’s A Great Time To Be A New College Graduate: NOT !
January 30, 2011
12:13 am
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SWRanger
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The Economic Collapse Blog
JAN 28, 2011

Today, America's best and brightest are graduating from college full of hopes and dreams, but cold, hard economic reality is rapidly crushing many of them. Record numbers of college graduates cannot find jobs. Hordes of others have been forced to take very low paying service jobs. At the same time, student loan debt loads have become more crushing than ever. The truth is that it is a really, really bad time to be a fresh college graduate. After spending tens of thousands of dollars and investing four (or more) years of their lives in an education, millions of recent college graduates find themselves waiting tables, tending bar, delivering pizzas and working next to (or subordinate to) people who never even went to college. At one time, a college degree was an automatic ticket to the middle class, but now for many Americans all a college degree means is crushing loan payments, sleepless nights and mind-numbing frustration.

We were always told that a college degree was supposed to prepare us for life in the real world. But today, the vast majority of college graduates end up moving back in with their parents.

In fact, a recent survey of last year's college graduates found that 80 percent moved right back home with their parents after graduation. That was up substantially from 63 percent in 2006.

So why are 80 percent of our college graduates moving back in with their parents?

Well, because they can't get jobs.

Two million recent college graduates are unemployed, and millions of others are working in fast food joints, at big box stores and in other very low paying service positions.

The stories that some recent college grads tell are so bizarre that they border on the unbelievable.

http://theeconomicco...udent-loan-debt

We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm

January 30, 2011
1:59 pm
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Cole_Trickle
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Most of today's grads CAN'T do the work that they've trained for: Straight from the mouth of a local honored ACADEMIC!

I've always said ( and for good reason ) the most educated people that I've ever met, always turn out to be the dumbest!

Lots of books have been penned in regard to this reality!

Cole

January 30, 2011
6:16 pm
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greeney2
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OJT is when you forget the books and learn the real world.

January 31, 2011
1:02 am
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SWRanger
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B.S. - Bull Shite

M.S.- More Shite

Ph.d - Piled Higher and Deeper.....

Thats what College Degree's really stand for !

We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm

January 31, 2011
5:57 am
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bionic
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Unless you're and/or connected these days, you're almost better off being a manual laborer.
The rich will always need plumbers, mechinics, nannies, carpenters, servents, etc...
Good-bye midddle class.
My advice to any young college graduate these daqys...go abroad.(for a bit, at least)
See the world..go where you are actually needed..for now.
Eventually the US will want and nned to you back.

My dad did this back in the seventies when England went through something similar. He was an engineer. England was out of white collar jobs at the time.
He came to the USA..who needed hsi expertise at that time...and we stayed.

How sad that the land of immigrants is now gonna be the land that folks feel the need to immigrate away from for some kind of oppurtunity in life.

But..that is the natural progression for civilizations, it seems.

Willie Wonka quotes..
What is this Wonka, some kind of funhouse?
Why? Are you having fun?
A little nonsense now and then is relished by the wisest men.
We are the music makers, we are the dreamers of dreams

January 31, 2011
10:45 pm
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SWRanger
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Funny thing you should mention that Bionic

Scotland had a lot of unemployed craftsman and engineers back in the 1400's and Poland was in desperate need of such people....

So King Jagiello invited the Scots to come and live in Poland and ply their trades...

To this day there are still descendants of the Scots living in Poland !

We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm

February 1, 2011
5:08 am
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greeney2
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We are in a quandry, and its not just the USA. Part of Egypts problems right now are no jobs, just like the USA. We tell our kids get an education, but when they do, nobody wants to pay them, and then ups to bar to hiring Masters grads and a BS/BA level of pay. Its a long list of people who have degrees and can not find a job, so still work in jobs where they do labor or other services like restaunt jobs. A good server can make more than a degreed Engineer working 6 hour shifts. We are in dire need of teachers and lay them off in droves, after they have earned their degrees and done the minimum extra internships and teaching credentials. The more the economy tanks, them more the trades will suffer as well. We arn't building new homes, so those jobs are also in trouble. When we get to levels approching 15% unemployment, it will snowball quickly IMHO. Any available jobs will be the best qualified, will fight it out for it, taking peanuts for wages. Thats when it turns into a full blown depression. Once that downward spiral is in full force, its will be next to impossible to reverse.

Those who scoff at the USA, and want us to go down, will be sorry, becasue when the USA tanks completly, the rest of the world will be in big trouble. Already, many Eurpopean countrys are in that position now.

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