JANITORS WITH DEGREES

The value of a Degree: JANITORS WITH DEGREES
The ramp-up in loans to students has not only driven up costs but has undermined the value of a college degree. Some 30 percent of people ages 25 to 29 are college graduates today, up from 12 percent in the 1970s. That is a notable achievement, unless the degrees awarded do not satisfy the needs of the job market. Richard Vedder, economics professor at Ohio University, has written that we have one million retail sales clerks and 115,000 janitors with college diplomas. At the same time, one fifth of the country’s managers say they can’t find skilled workers to fill job openings. Something is not right.

ADD FOR U.S. ‘AND BURDENED WITH STUDENT LOANS’
“HORRIFYING” YOUTH UNEMPLOYMENT IN EUROPE. Plus this: “Europe’s youth unemployment is strange, because we’ve never seen a generation *this educated* also be this unemployed.”