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I have a problem with the premise of this article. I note all but one of these people have a degree. Someone should tell Mr. Klein the unemployment rate among
by TomOfTTB 15y ago
I have a problem with the premise of this article. I note all but one of these people have a degree. Someone should tell Mr. Klein the unemployment rate among people with a college degree is only 4.2% which is close to the transitional rate (the rate where you have full employment and the number only represents those transitioning from job to job). I don't doubt there are those with degrees who have found themselves in bad situations but those are the exceptions.
Almost completely unrepresented in this article are the people the system really isn't servicing. Those without a High School degree have an unemployment rate of 14%. With a High School degree it's 9.7%.
Those people are the 99%. The people who NEVER had health care. The people who couldn't afford an education even in good times. The people who spent their childhoods struggling to stay alive.
- BCM43 15y ago> Someone should tell Mr. Klein the unemployment rate among people with a college degree is only 4.2% which is close to the transitional rate This is the unemployment rate, which is different from the underemployment rate. It's quite possible a lot of these people have a job, but not one that fully takes advantage of their degree.
- jarrett 15y agoIn addition to what BCM43 said, the unemployment rate also doesn't reflect discouraged workers, i.e. those who have given up on looking for jobs but would work given the opportunity.