Lion of the Blogosphere

The NY Times editorial board moves in the correct direction on college, but…

So the NY Times editorial board finally notices that there are too many college graduates and not enough jobs.

[T]he economy does not produce enough jobs that require college degrees. Private-sector white-collar jobs can increasingly be moved offshore and automated, while public-sector jobs that require degrees, notably teaching, have been decimated by deep layoffs and feeble hiring. Business investment and consumer spending have suffered in the busts of recent decades, and government spending has not picked up the slack, leading to chronic shortfalls in demand for goods, services and employees. One sign of the downshift is that much of the recent job growth has been in lower-paying occupations. Worse, there is little evidence of a turnaround. In the past five years, postings for jobs that do not require a college degree have steadily outpaced postings for those that do.

Unfortunately, the Editorial Board is clueless about the most obvious way to increase outcomes for college graduates. We need less immigration. Immigrants are streaming into the country and they are taking jobs that could have been done by American college graduates.

Written by Lion of the Blogosphere

May 22, 2016 at EST am

Posted in Labor Markets

18 Responses

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  1. The gist of the problem in a nutshell:

    1) Women and minorities are competing with White males for the same jobs.

    2) Mass immigration is a result of our bottom line culture.

    JS

    May 22, 2016 at EST am

    • Everyone competes with everyone for jobs. But women, minorities and white men are all in the same boat when it comes to immigration. If anything, low-skilled immigrants compete more directly with minorities because minorities tend to be lower skilled. And I would say higher skilled immigrants do more damage to women’s employment prospects as well. Women get pushed out of the career tracks more easily because their self-worth isn’t tied to their career the way it is for men. Plus, a lot of women have the option of getting married and working a less demanding job that gives them more time with their family while their husband dedicates his life to his career.

      destructure

      May 22, 2016 at EST pm

    • Mass immigration is not the result of “the bottom line”. It is ideologically driven.

      Tarl

      May 23, 2016 at EST am

      • No it’s not. Capitalists love cheap labor and immigrants provide it.

        1980 was the year where corporate retail comes to prominence. The idea of merging of 2 big conglomerates into a mega company also began in this year, coinciding with a huge influx of non-Whites. This would serve as a catalyst for corporate companies to metastasize on the same rising trajectory with the number of non-White immigrants coming into Meriprolestan. Y2k (Year 2000), was when quite a number of corporate companies reorganized, dissoluted and those who survived, began to grow bigger from the previous decade, again, coinciding with a spectacular rise of incoming non-Whites, this time around.

        JS

        May 23, 2016 at EST pm

  2. What is the percentage of jobs that require a four year education to do? Most white-collar office jobs that demand and college degree don’t really require one — anyone working at those jobs could have done just as well if they started after high school because they don’t require any specific skills.

    chairman

    May 22, 2016 at EST am

  3. Trump ahead by 2 in the latest poll. And this one isn’t Fox or Rassmussen. Let the unskewing begin!

    Otis the Sweaty

    May 22, 2016 at EST am

  4. LotB; Spot on regarding immigration!

    NYT: [T]he economy does not produce enough jobs that require college degrees. Private-sector white-collar jobs can increasingly be moved offshore and automated, while public-sector jobs that require degrees, notably teaching, have been decimated by deep layoffs and feeble hiring. Business investment and consumer spending have suffered in the busts of recent decades, and government spending has not picked up the slack, leading to chronic shortfalls in demand for goods, services and employees. One sign of the downshift is that much of the recent job growth has been in lower-paying occupations. Worse, there is little evidence of a turnaround. In the past five years, postings for jobs that do not require a college degree have steadily outpaced postings for those that do.

    How ironic; the NYT has succinctly described the abysmal US economy under the past eight years of obama.

    E. Rekshun

    May 22, 2016 at EST pm

    • It’s all relative. Manhattan is populated with value transference types, who’s living the good life. If not, trust fund kids, and those who fit both categories, while earning a living, the other paycheck comes from dad.

      Restaurants and bars are packed every night of the week, with the exception of Sunday and sometimes Monday.

      Unbelievable!

      JS

      May 23, 2016 at EST pm

  5. Fussell identified the problem though I don’t recall him arguing a solution; that too many intermediate education facilities, teacher colleges, normal schools, etc. were given the title ‘university’ in the 60s to inflate the prestige of the education provided. He said that only those schools representing the top ten percent of the population (or less) deserved the title college or university. He’s correct.. We need to bring back the the association of college with excellence. I’m tired of processing (or paying someone to process – translate toss) job applications from alumni of places like Strayer or DeVry. HR doesn’t want to put a ‘top X percent college only’ statement on the job notices (for some reason) so the tossing continues. As far as I’m concerned the signaling theory of labor has bested the capital theory hands down.

    Curle

    May 22, 2016 at EST pm

    • Lousy America is all about the money, not refinement and excellence. We live in a society based on excess, over-zealous-consumption, over-feeding, over-spending, over-addiction …..etc, and yet nothing nice comes out of it. CEOs earn XXX, more than you and me. Yet, this country stinks like a pig pen.

      Look at the wine store I alluded yesterday. That’s the current state of the Anglo-Prole-Sphere – focused on low brow, conspicuous consumption and the money that comes along with it. The immigrant, non-white, problem, is just a symptom of it.

      This comment should be a reply to Yakov.

      JS

      May 22, 2016 at EST pm

      • JS — That’s symptomatic of a lack of character. Struggle builds character. When people have it too easy they lose character. Nowadays, even poor people have t too easy. The cure for that is self-restraint and moderation as well as setting challenging goals. Whether it’s mental or physical. Anything that requires effort and discipline. Otherwise, one loses perspective and becomes spoiled, lazy and effete.

        destructure

        May 23, 2016 at EST am

      • You have an evil eye, man. How do you live? Everything is bad for you. You have bad karma. I think you are hopeless.

        Yakov

        May 23, 2016 at EST am

    • Out of New Jersey’s original six teachers colleges, five are now universities.

      ScarletNumber

      May 22, 2016 at EST pm

    • About two years ago, Florida re-titled all of its community colleges as “state colleges” and allowed them to start offering bachelors degrees.

      E. Rekshun

      May 23, 2016 at EST am

      • I like math a little, so I found this series of Linear Algebra lectures from MIT on YouTube. I thought I would get to prove theorems and solve challenging problems, I thought I would learn about the issues this branch of mathematics came to address and where it’s heading, but nothing doing! Professor puts matrices on the board and solves them. This was sooooo boring. I mean, where is the challenge, the depth, pushing yourself to the limit? Nothing! It’s not a big deal to solve matrices, you know. We are all in trouble when it comes to education. The schools often just get in the way.

        Yakov

        May 23, 2016 at EST pm

      • Only the worse of proles and racial minorities attend them. Does it matter?

        JS

        May 23, 2016 at EST pm

  6. According to US News: wages are stagnant and only about a quarter of STEM workers with a bachelor’s degree are working in STEM fields. Big companies (Diseny, Abbott, Southern California Edison, to name a few) are dumping their US IT staffs and replacing them with work-for-cheap H1-B people, mostly Asians. The situation for humanities grads is even worse. Stopping all the immigration and H1-B’s won’t totally fix the problem, but it would sure be a big step in the right direction. Don’t expect to read this in the NYT, though. Slim Pickins indeed.

    Black Death

    May 23, 2016 at EST pm


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