by Alex Tabarrok
on November 1, 2011 at 10:47 am
Key should read “College graduates, Year XX – Year YY”; for such a prominently shown graph it was impossible to decipher without reading the text.
The better graph would show unemployment by graduating degree, rather than have the reader assume that certain degrees necessarily have higher unemployment rates. They could all be low, or all be high–you just get to put in your belief as to what a specific degrees unemployment rate is upon graduation.
The fact that you infer the missing term tells more about your beliefs than the graph tells about graduation majors.
Is that grad or undergrad? Are those totals for the US, I assume? It would be helpful if you included population as well.
I agree, it does look grim. Horrible that they selll practical-joke degrees to children for five- and six- figure prices.
This article is just cruel. I understand the reality of the market needs, but even economists tell us to do what we like. I tell that to my children and students. I happen to be in IT and saw the flux of people trying to get in the field in the 90s because it was hot. The result was a lot of unhappy people that could not get there. The places we need people the most are coincidently the hardest ones. Medicine, engineering, IT etc. these are tough. Doctors have no life, scientists are caught up in their bubble. I can say that IT is tough too. It is like being a goalkeeper. And the years it takes to get somewhere after weekends of pagers going off, midnight emails etc.
Oh jeez. And sending a kid through 4 years of mickey mouse ‘education’, and leaving them with a pile of student loans and no job propsects is ‘kind’, Freddy? And the gaggles of stupid, vacant diploma waving kids that are occupying Wall Street – they are happy, in your opinion? Pooping on squad cars and and throwing their empty booze bottles at cops? The problem with these kids is the same as yours, Freddy – everyone thinks life is cruel and unfair. It is – deal with it. One of the ways of doing that is making yourself marketable so that you DON’T get stuck with a crappy job – or worse. That requires you to do your homework up front…
Gah. I had this exact argument with my idiot daughter. She is now a proud Fine Arts graduate that can’t find a job in her ‘field’ and is going to be doing mundane jobs for the rest of her life unless she goes back to school to get a real degree. Critical thought process is beyond most people.
Wow, Jim. Wow. I don’t disagree, but… Wow. I am glad I am not your child. That is some harsh stuff there.
Of course, if you helped fund that Fine Arts degree, then your bark is way worse than your bite.
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