Unemployment by Education

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College Degree Does Not Necessarily Lead to a Good Job

Over 317,000 waiters and waitresses have college degrees (over 8,000 of them have doctoral or professional degrees), along with over 80,000 bartenders, and over 18,000 parking lot attendants. All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree.

Putting issues of student abilities aside, the growing disconnect between labor market realities and the propaganda of higher-education apologists is causing more and more people to graduate and take menial jobs or no job at all. This is even true at the doctoral and professional level—there are 5,057 janitors in the U.S. with Ph.D.’s, other doctorates, or professional degrees.

For hundreds of thousands of Americans, spending four years and untold amounts of money (and debt?) gets you a job as a waiter, parking lot attendant, or janitor. Yet everyone from Barack Obama to Bill Gates keep pushing a college education as the way to secure one's economic future. That is a view that should be heavily qualified.

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Unemployment by Education Level

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Education and Employment

from Carpe Diem

Is Is All About Demand?

Can the Bloomberg administration convince thousands of low-achieving students that succeeding in school is actually, well, cool?

It wants to try. The city is planning an intensive campaign that would use cellphones to help motivate students, most of them minorities and from poor families, in two dozen schools. The pilot program will include mentoring and incentives for high performance, like free concerts and sporting events and free minutes and ring tones for their phones. Every student in each of the schools will be given a cellphone....

Schools Chancellor Joel I. Klein said the project was the city’s first attempt to bring about change in the culture and behavior of low-performing students after years of efforts focusing on school structure and teaching....

“We want to create an environment where kids know education is something you should want. Some people come to school with an enormous appetite for learning and others do not — that’s the reality.”...

Dr. Fryer said he viewed the project in economic terms, arguing that while the administration’s previous efforts have focused on changing the “supply” at schools, this one is proposing to change the “demand” for education by making students want to seek learning.

read the New York Times article