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College and University Discussion
Reply to "“Crammed and damned”"
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[quote=Anonymous][quote=Anonymous]Bit of a depressing read in the latest edition of The Economist. Oxford Economics has found for the first time the unemployment rate of Americans aged 22 to 27, with a bachelor’s degree or more, is now consistently higher than the national average. The rising unemployment is driven by those looking for work for the first time. In 2015, the median college graduate earned 69% more than the median high school graduate. By last year that had dropped to 50%. American has only slightly more jobs in “legal services” than in 2006. The conclusion seems to be we are experiencing “elite over production” And historically this never goes well. [/quote] And AI reduces the need for entry level positions.[/quote]
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