Every news source seems to be reporting the same now that summer is here. More bad news for job seekers! Except this time its so bad even high school students can’t find temporary summer jobs. The lack of of seasonal employment is said to be at its lowest since World War II! How is any educated professional or recent graduate expected to find a job when even simple seasonal employment cannot be found? Something is terribly wrong and its just getting worse. Seems like its slowly trickling down to every workforce group. There are countless numbers of students set to start or return to college in the fall, but how can they justify that in this market. Of course many will feel its best to ride this out while getting an education. It could be that for some the better choice could be just forgoing the debt they will accumulate and college. What do you think? Would you start college in the Fall?
Posts in category young debt
Not a Buyers’ Market…
Has the degree industry become like the real estate industry? (And yes, I did say degree industry on purpose) Are you upside down in the return on your investment? Did you pay more for your degree yesterday than its’ worth today? Upside-down mortgage…does that sound familiar?
Or perhaps the purchase of a college degree is metaphorically more reflective of the purchase of a car. What is exactly the total cost of ownership of a 2012 model college degree? The moment your drove that shiny new degree off the university lot, did it depreciate in value? If you sold your degree back to the university would you be upside- down in that car note?
Just like there is sometimes a great time to buy, or a great time to sell, could there possibly also be a great time to get educated?
We are looking for anyone interested in guest blogging and sharing their experiences,knowledge or just venting. Are you Educated, Now What? ….then we want to hear from you! You don’t have be an experienced blogger as we are all about sharing the real stories of the educated.
Useless Degree Syndrome (UDS)
Just coming to realize you might have been infected by a useless degree? At what point did you realize there might be a bigger problem?
Symptoms of (UDS)
*Past due bill payments and you want to pay your bills soooooo badly
*Inability to pay back the student loans for that precious degree hanging on your wall
*Endless job searches with no tangible results
*Growing resentment for trying to better yourself
*Inbox filled with rejections from jobs first thing in the morning
*Responses from jobs you forgot you even applied for
*Unexplained or unprovoked aggression towards underwhelming job descriptions *Uncontrolled twitching of the eye to the term “overqualified”
*Slight depression intermingled with overpowering determination to not be a statistic
*Reoccurring hallucinations that you are regressing in life instead of progressing
*Lack of mental understanding in areas such as:
-Earning a job in your field
-Making almost the same salary I did long before I had a degree
-Not being hired because you are actually the best candidate
As college costs are rising and so are the number of new graduates it makes you wonder if higher education is becoming a for profit industry instead of a service. A college degree has certainly never been cheap, but current costs are outrageous. The average cost per year of a four year public university is around $21000! Now no one expects tuition to be the same it was 20 or 30 years ago, but tuition seems to increase by giant leaps on a consistent basis. It cannot just be keeping up with operation costs, these schools are most likely making a profit. Has the high cost caused lower enrollment numbers? Not a chance, students are just taking on more debt. It makes you wonder if higher education has the student in mind or just the amount of money they bring in tuition. Is this what is wrong with education? If higher education was more student and service focused would graduates have abetted chance at finding employment and have their degree held in higher regard by potential employers.
We would like to thank that after college everyone would promptly find a job opportunity and gain employment right away. Sadly that’s not how it works at all. Some may be unemployed after graduation for a long period of time. Recent graduates are finding employment opportunities scarce all over the country. Although according to some new statistics some degrees and majors may be more susceptible to unemployment after finishing their higher education. Kind of makes all those student loans that have been racked up over four years even more painful.
Degrees in Arts, Humanities and Architecture have shown the highest rates of unemployment for college graduates. Architecture would make the most sense since the collapse of the housing and new construction bubble a few years back.
Degrees in Health, Education and Engineering have shown the lowest rates and seem to be able to find jobs more easily in the tight economy. It seems hard to believe that education is one of those considering all the cuts that are consistently taking place in schools. Perhaps it is just easier to find employment opportunities in Education and whether or not that lasts more than a few months was not factored into the equation. Overall graduates with an education in a technical field seem to have a lower chance of suffering unemployment.
Currently the national unemployment rate is at 8.2 % and the unemployment rate among college graduates has been at a record high.
Stay tuned for a continuation of this subject in our next post.
So tell me, in today’s job market what exactly constitutes a good job for a college graduate. Or, maybe I’m using the wrong verbiage, what constitutes an appropriate job for a college graduate. Lets start with the salary shall we…. first order of business lets just make sure the job actually has a salary!
Reverence for a college graduates desire to do whatever it takes to have a successful career often becomes void because they are working towards a “possible opportunity” that really does not exist. Graduates often have faith that their hard work, networking, or being in the right place at the right time in front of the right person will override the fact that their employers only truth is that they are going to capitalize on college graduates free labor.
At this point the whole unpaid internship or volunteer job shadowing game is quite disgusting. As bad as most people do want to work, and do want to obtain legitimate job skills that will make them an asset to the company of their choice, this choice does not make their bills vanish into the abyss of paid in full land!
Student loan debt: The overvalue (and underuse) of higher education
Graduates can’t pay off their loans because too many take too little of use from their higher education
By Peter Morici
What’s the value of a college degree? By Lauren Young