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Markets still remain supply and demand driven. Industries that have roots in college educations have appeared more stable because the number of people with degr
by randomdata 13y ago
Markets still remain supply and demand driven. Industries that have roots in college educations have appeared more stable because the number of people with degrees has historically been relatively low. When we have more educated people than jobs that benefit from such an education, incomes will drop and it will become difficult to find work.
The trades are starting to gain appeal right now because people have put more emphasis on getting a college degree in the past decade or so. That leaves fewer people able to take on trade work, which pushes for higher incomes and better jobs to the people who can. At the same time, college educated people are finding it increasingly difficult to find meaningful employment.
Of course, if people follow Rowe's track in the future, it will swing back the other way again soon enough. That is why smart investors go to where nobody is showing interest.
- alayne 13y agoShow me any evidence that college educated people, in particular, are having trouble finding employment. These numbers look extremely favorable http://www.bls.gov/emp/ep_chart_001.htm http://www.bls.gov/emp/ep_chart_001.htm.
- randomdata 13y agoSeeing as how we're talking about a relative increase in difficulty, I'm not sure what we're supposed to take away from a single data point? You can see here[1] that this decade has brought on a distinct change in unemployment rates for college graduates. The last four years averaged an entire percentage point higher than the highest rate ever seen before. Since we both seem to agree that unemployment rates are a reasonable metric for determining the difficulty of finding work, it seems pretty clear that it is more difficult now as a college graduate than it once was. [1] http://qzprod.files.wordpress.com/2013/04/screen-shot-2013-04-29-at-2-17-28-pm.png?w=1024&h=639 http://qzprod.files.wordpress.com/2013/04/screen-shot-2013-0...
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