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Big Government 101: Federal Subsidies Create Glut Of College Grads
Investor's Business Daily ^ | 01/28/2013 | IBD Staff

Posted on 01/29/2013 6:02:23 AM PST by IBD editorial writer

Higher Education: A new study finds almost half of Americans with college degrees are working at jobs that don't require one. It's the latest example of how federal subsidies are creating a massive higher-education bubble.

The study, by the Center for College Affordability and Productivity, found that an incredible 48% of college graduates — about 13 million of them — hold jobs that don't require a bachelor's degree. About 5 million have jobs that don't even require a high school diploma.

There are, for example, roughly a million sales clerks, 300,000 waiters and 100,000 janitors with college degrees.

This mismatch is up sharply from four decades ago, the study found...

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: college; jobs; subsidies
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To: Trailerpark Badass
Well, I'm pretty sure most industries are prevented by law (or threat of it) from administering pre-employment tests of any kind.

What's the rationale? Is it racist? Sexist?

21 posted on 01/29/2013 8:57:16 AM PST by St_Thomas_Aquinas
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To: anonsquared
Most other students give her grief over not partying every weekend and instead choosing to study.

Her tormentors think they have the game figured out. They're going to party and get a piece of paper. They'll play those employers for fools. But they're in for a rude awakening. They'll spend the rest of their 20's trying to figure out what the hell happened --if they're lucky. If they're afraid to face the painful truth, they'll be in for a lifetime of bitterness.

Sad, really. They aren't fully responsible, since they've been told lies about college throughout government schooling. "A college degree will guarantee you a good job." It's the carrot that teachers use as a crutch to get through a typical day of babysitting the college-bound.

Our society piles lie upon lie. Someday soon, the house of lies will come crashing down.

22 posted on 01/29/2013 9:06:53 AM PST by St_Thomas_Aquinas
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To: IBD editorial writer

Most of whom are somewhat less educated than the high school graduates of 40 years ago...


23 posted on 01/29/2013 9:25:15 AM PST by Mr. Jeeves (CTRL-GALT-DELETE)
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To: St_Thomas_Aquinas
IQ and aptitude tests as condition of employment have been ruled to be racist.

Any pre-employment testing must be specifically designed to measure the candidate's ability to do a certain job. Tests to determine general ability, intelligence, creativity, potential, etc. are legally problematic and would likely earn the company an EEOC lawsuit.

With the ADA, the brier patch got even stickier.

24 posted on 01/29/2013 9:26:44 AM PST by Trailerpark Badass (So?)
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To: IBD editorial writer

In large cities 25% of taxi drivers have a bachelor’s degree.
Remember when NASA people could only find a job pumpimg gas.
Obam’s change has arrived.


25 posted on 01/29/2013 10:58:55 AM PST by Vaduz
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To: IBD editorial writer
Glut Of College Grads

Incontheivable!!!!

<.picture from Princess Bride.>

Everyone knows College grads are the salt of the earth.

26 posted on 01/29/2013 11:05:17 AM PST by DungeonMaster (Fix voter fraud or count me out.)
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