1 in 2 new graduates are jobless or underemployed By HOPE YEN | Associated Press â 9 hrs ago WASHINGTON (AP) â The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge. Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs â waiter or waitress, bartender, retail clerk or receptionist, for example â and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans. That future may be now for Kelman Edwards Jr., 24, of Murfreesboro, Tenn., who is waiting to see the returns on his college education. After earning a biology degree last May, the only job he could find was as a construction worker for five months before he quit to focus on finding a job in his academic field. He applied for positions in laboratories but was told they were looking for people with specialized certifications. "I thought that me having a biology degree was a gold ticket for me getting into places, but every other job wants you to have previous history in the field," he said. "Everyone is always telling you, 'Go to college,'" Edwards said. "But when you graduate, it's kind of an empty cliff." http://news.yahoo.com/1-2-graduates-jobless-underemployed-140300522.html
I was going to post "Bush's fault", and leave it at that. But something about that photo makes me laugh every single time I look at it.
"The rise of lousy and lovely jobs "More bad news for the middle class: When the economy recovers, jobs in the middle wonât. That is the conclusion of an important new study that connects a long-term trend in the labor market with the business cycle of recession and rebound." Continues: http://blogs.reuters.com/chrystia-freeland/2012/04/12/the-rise-of-lousy-and-lovely-jobs/
Hi Ricter! How goes the rural life? I've got a few friends who own businesses that all think that the divide between rich and poor will get wider and wider and the middle class will dwindle as that article states. Seems like that is happening across the world.
Nice to see you back after a long hiatus Ricter!! Hop everything is ok with you, havent seen you post i months....
"I thought that me having a biology degree was a gold ticket for me getting into places, but every other job wants you to have previous history in the field," he said. This might be part of the problem. A bio degree = gold ticket ?