April 23, 2012, 11:02 AM —
Graduates in technology, science, and health fields do well, but a college degree now means only a 1 in 2 chance of avoiding unemployment or underemployment.
Worse, in non-technical fields, median wages for the lucky graduates that get a job are below the levels in 2000. The Associated Press analyzed government data and found last year's graduates faced the lowest employment uptake in more than a decade. And this comes as college tuition keeps rising, and total student loan debt tops One Trillion Dollars.
Careers that can't be replaced by technology (or haven't yet) are doing better, including computer science, accounting, nursing, and even teaching. Those in humanities, philosophy, anthropology, art history, and zoology were "least likely to find jobs appropriate tot heir education level." Often that meant taking jobs traditionally filled by high school graduates.
We've been had
The college loan scam is unraveling quickly.
Al B on yahoo.com
I'm not sure why college students aren't told that a degree in anthropology/english/women's studies is not going to give you marketable skills, while a degree in nursing/engineering/computer science will.
commanda on news.ycombinator.com
one, software developers are in crazy demand compared to, for example, "creative writers"; and two, that the economy IS quite bad right now and that this is a generalized extension of the unemployment problems across the country.
drivebyacct2 on news.ycombinator.com
I really believe that every college student should be required to take a course titled "What I am Going to do With This Degree When I Graduate." If I had taken that class I would have majored in math.
sammyp on yahoo.com
I work at the local community college (teach manufacturing and robotics classes) and we have a literal 1:10 ratio of students to the available jobs. Every week some employer walks in looking to hire someone and all we can say is "well enrollment is down, better luck in a few months".
meccaydna on digg.com
About 1.5 million of last years graduates under the age of 25 remain underemployed or jobless. What does that do to the graduates about to flood the market next month?