Student loan debt is slowing the economy.
Additionally, I strongly believe the US Labor Department needs to examine the demand for more education in jobs where it is only a convenience for the employer to have extra talent. If a BS is all that is needed, but, there is a glut of MS available, the HABIT employers are getting into is raising the QUALIFICATION bar to make it impossible to get a job at the BS level. Pretty soon the American worker will need a PhD. to flip hamburgers are McDonald's. There is nothing like having a JD in the work force to ask for help at minimum wage.
There is also a paradigm that needs to be added to the Equal Opportunity Commission. If a BS is all that is needed for the job, but, greater degrees such as Masters or higher are having trouble finding work and are removing opportunity for Bachelors ready, then that is hiring a OVER QUALIFIED worker. It dummies down the brain trust. It begins to shrink the jobs for MS and PhD. It doesn't put greater capacity in a society, it shrinks it. A BS never hired will chase a MS if there is a capacity for work. Then being overqualified that BS turned MS will never be challenged to advance THE PRACTICE.
No one is going to tell me this isn't a corporate strategy. BS ready should be working in BS jobs. MS is over qualified for BS jobs. The US Labor Department should be DEFINING the BOUNDARIES for JOB DESCRIPTIONS in our PROFESSIONAL brain trust.
Additionally, what are universities doing to actually reflect on their degree programs. Are they having conferences within their academic communities to be sure their curriculum is intact, at a reasonable cost and current to the demands placed on our young people? Should the degree programs be reviewed for relevancy to the manipulation by Wall Street? It is something to think about
I would think Harvard and Yale would have some clout here. Is the world a better place because of their graduates? NOT NECESSARILY MORE PROFITALBE for Wall Street, but, a better place. If not, why not. Personally, I believe there is room for improvement.
If a university offers a degree in Forestry, without seeing the forest for the timber, what good are you?
It's the Network: Decision-Making by Forest Landowners (click here)
David Sugitpibul, 24, prepares in his new apartment last week. Until this month, Sugitpibul had been living with his parents since he graduated from Indiana University two years ago. (John J. Kim, Chicago Tribune / August 19, 2013)
David Sugitpibul (click here) doesn't buy frozen yogurt or make a trip for groceries without coming home with a receipt and filing the expense on an Excel spreadsheet.
The 24-year-old's meticulous budgeting is essential if he wants to keep up with $750-per-month rent for his Lakeview apartment and $860-per-month student loan payments and avoid moving back in with his parents.
"It's a lot of sacrifice to get what you want," said Sugitpibul, who earlier this month moved into a two-bedroom unit near Wrigley Field with a roommate. For the previous two years, since his graduation from Indiana University, he had been sleeping in his childhood bedroom in Wilmette for free....
...In addition to the recent deep recession and a tepid recovery, the economy's larger transition from a mainly manufacturing economy to one based mainly on information, technology and services means "it takes longer, that is, more education and training, to find a job," he said....
...In her consulting work, Cates said she sometimes has to fight misconceptions among baby boomer-aged employers who may think millennials are lazy or lack ambition by relying on their parents or moving back into their homes.
"It's much more complicated than that," Cates said. "The economics of a college education were not what they are now."
The costs of a college education, among both private and public institutions, have ballooned every year since 1990, from an average of $10,620 per year to $18,133 in 2010, according to the National Center for Education Statistics. And millennials are pursuing college to a greater extent than earlier generations of young adults....
Additionally, I strongly believe the US Labor Department needs to examine the demand for more education in jobs where it is only a convenience for the employer to have extra talent. If a BS is all that is needed, but, there is a glut of MS available, the HABIT employers are getting into is raising the QUALIFICATION bar to make it impossible to get a job at the BS level. Pretty soon the American worker will need a PhD. to flip hamburgers are McDonald's. There is nothing like having a JD in the work force to ask for help at minimum wage.
There is also a paradigm that needs to be added to the Equal Opportunity Commission. If a BS is all that is needed for the job, but, greater degrees such as Masters or higher are having trouble finding work and are removing opportunity for Bachelors ready, then that is hiring a OVER QUALIFIED worker. It dummies down the brain trust. It begins to shrink the jobs for MS and PhD. It doesn't put greater capacity in a society, it shrinks it. A BS never hired will chase a MS if there is a capacity for work. Then being overqualified that BS turned MS will never be challenged to advance THE PRACTICE.
No one is going to tell me this isn't a corporate strategy. BS ready should be working in BS jobs. MS is over qualified for BS jobs. The US Labor Department should be DEFINING the BOUNDARIES for JOB DESCRIPTIONS in our PROFESSIONAL brain trust.
Additionally, what are universities doing to actually reflect on their degree programs. Are they having conferences within their academic communities to be sure their curriculum is intact, at a reasonable cost and current to the demands placed on our young people? Should the degree programs be reviewed for relevancy to the manipulation by Wall Street? It is something to think about
I would think Harvard and Yale would have some clout here. Is the world a better place because of their graduates? NOT NECESSARILY MORE PROFITALBE for Wall Street, but, a better place. If not, why not. Personally, I believe there is room for improvement.
If a university offers a degree in Forestry, without seeing the forest for the timber, what good are you? It's the Network: Decision-Making by Forest Landowners (click here)
David Sugitpibul, 24, prepares in his new apartment last week. Until this month, Sugitpibul had been living with his parents since he graduated from Indiana University two years ago. (John J. Kim, Chicago Tribune / August 19, 2013)
David Sugitpibul (click here) doesn't buy frozen yogurt or make a trip for groceries without coming home with a receipt and filing the expense on an Excel spreadsheet.
The 24-year-old's meticulous budgeting is essential if he wants to keep up with $750-per-month rent for his Lakeview apartment and $860-per-month student loan payments and avoid moving back in with his parents.
"It's a lot of sacrifice to get what you want," said Sugitpibul, who earlier this month moved into a two-bedroom unit near Wrigley Field with a roommate. For the previous two years, since his graduation from Indiana University, he had been sleeping in his childhood bedroom in Wilmette for free....
...In addition to the recent deep recession and a tepid recovery, the economy's larger transition from a mainly manufacturing economy to one based mainly on information, technology and services means "it takes longer, that is, more education and training, to find a job," he said....
...In her consulting work, Cates said she sometimes has to fight misconceptions among baby boomer-aged employers who may think millennials are lazy or lack ambition by relying on their parents or moving back into their homes.
"It's much more complicated than that," Cates said. "The economics of a college education were not what they are now."
The costs of a college education, among both private and public institutions, have ballooned every year since 1990, from an average of $10,620 per year to $18,133 in 2010, according to the National Center for Education Statistics. And millennials are pursuing college to a greater extent than earlier generations of young adults....
