Skip to comments.A Surprising Statistic About The Long-Term Unemployed (Breaking them down by education)
Posted on 05/05/2012 6:18:30 AM PDT by SeekAndFind
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My niece is on her third round of government paid schooling.
Hey why not, education paid
Cash assistance, food stamps, transportation assistance etc, etc, etc.
The Obama Revolution.
This is why some liberals want to make a college degree free for all citizens.
What they do not realize is that the value of a college degree is declining over time because the education received is less useful to our eocnomy.
"Interesting -- but not very useful.
To see where our employment meltdown is taking us, you need to look at trends in labor participation rates, by increasing education and by increasing age. I did, and both are falling.
In other words, the percent of people with little or no education who have jobs is increasing -- while the percent of highly educated, employed with high paying jobs, is decreasing. The same applies to seniors and their cohorts. Both trends have been in place for a while and are increasing.
It's what you'd expected for an economy that better rewards the relatively unproductive labors of financing, educating, litigating, and nursing than of actually DOING the productive, high value-added labor needed to generate at least as much, or more, economic wealth than we consume as a nation.
Theres no way to recover that high value added labor sufficient to our nations consumption without corresponding changes to the roles, goals and rewards our economy offers. As long as capital accumulation, control and intermediation is better rewarded than its productive investment and use well continue to see less of the latter and more of the former until our National saving go too far negative to continue their descent. "
Advanced Degrees in worthless, uncompensated studies are prone to make people not only unemployed, but broke and unemployable. Get your doctorate in Lesbian Women’s Culture on someone else’s dime.
An aging population demands caregivers - a low skill job. Even at the lowest point of the recession, the nursing homes and retirement communities I see needed nursing assistants, caregivers and housekeeping staff. Except the CNA, all low skill.
5 distinct categories represented by percentage and just eyeballing it i get about 150%.
What am i doing wrong?
I thought it looked strange but didn’t try to figure it up like you did.
But I can see why more educated people would be long term unemployed. The jobs available are much lower paying jobs and I htink the natural and understandable view is that taking a much lower paying job would hurt the chances of getting a job similar to what they has.
The sad reality is those kinds of jobs are not likely coming back.
I don’t know the answer
Yabut, till then (assisted care) there are number of high skilled, “seasoned” producers who are no longer helping to pull the wagon.
That part of the plot was a WTF? for me too.
I was going to make the same point. 5 categories. Each is supposed to make up 30% or so of the overall unemployed. Perhaps they are double-counting those who have “all of the above” or something.
Any way you slice it, they are manipulating statistics to make a point. What did Twain say? “Lies, damned lies, and statistics”?
There is no manipulation just an unclear labelling of the long term unemployed bar. I believe it should read % of unemployed in that category who are long term unemployed. The chart indicates that it is essentially the same regardless of level of education.
According to the grey bars, the “recession” ended in early 2009. IMO, that bar should be beyond 2011.
The way I read the chart is that those with advanced degrees have about 4% unemployment, and that 30+% OF THE ADVANCED DEGREE UNEMPLOYED are long term unemployed.
True, for some college degrees but not all. Read this from a Daily Trojan (USC) article: Engineering unemployment rate drops
"The unemployment rate for recently graduated undergraduate engineering students dropped from 6.4 percentage points in 2009 to 2 percent in 2011."
Get yourself a degree in a good solid technical field and you can still find a good job. Study some mushy lib curriculum and you will find yourself without any job skills at all.
As college attendance has become more widespread, the level of performance expected from the students has gone down. Of course this is not true everywhere--there are still demanding colleges.
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