For seniors graduating from the University of Michigan this month, employers have been lining up since the fall to offer interviews and boast of their companies’ benefits. Recruiters would ask when their competitors were coming, said Geni Harclerode, the university’s assistant director of employer development, and then they’d say: “Well, we want to come the week before.”[...]
The outlook for many high school graduates is more challenging, as Vynny Brown can attest. Now 20, he graduated two years ago from Waller High School in Texas, and has been working for nearly a year at Pappasito’s Cantina in Houston, part of a chain of Tex-Mex restaurants. He earns $7.25 an hour filling takeout orders or $2.13 an hour plus tips as a server, which rarely adds up to more than the minimum, he said. He would like to apply to be a manager, but those jobs require some college experience.
“That is something I don’t have,” said Mr. Brown, who says he cannot afford to go to college now.
“It’s the biggest struggle I’ve had.”
Most young workers have the same problem as Mr. Brown. Only 10 percent of 17- to 24-year-olds have a college or advanced degree, according to a new study by the Economic Policy Institute, although many more of them will eventually graduate.
And for young high school graduates, the unemployment rate is disturbingly high: 17.8 percent. Add in those who are underemployed, either because they would like a full-time job but can only find part-time work, or they are so discouraged that they’ve given up actively searching, and the share jumps to more than 33 percent.[...]
With $15 an hour minimum, what's the point?
ReplyDeleteThe article doesn't give us information as to the past history of Bachelor degrees for those under 24. As far as I understand, It has always been hard to move up to a management position at 20 years old
“It’s a Tough Job Market for the Young Without College Degrees” True, the USA, Europe (not so much Israel) is in period of economic crisis especially in manufacturing and construction of new plant and equipment. In many manufacturing and construction job, workers don’t need a college degree. What’s the solution? My solution is a flat one-fifth tax to the government, with everyone paying, instead of the high-progressive corporate and personal taxes.
ReplyDeleteI quote:
“So Joseph gained possession of all the farm land of Egypt for Pharaoh, every Egyptian having sold his field because the famine was too much for them; thus the land passed over to Pharaoh. And he removed the population town by town, from one end of Egypt’s border to the other. Only the land of the priests he did not take over, for the priests had an allotment from Pharaoh, and they lived off the allotment which Pharaoh had made to them; therefore they did not sell their land. Then Joseph said to the people, “Whereas I have this day acquired you and your land for Pharaoh, here is seed for you to sow the land. And when harvest comes, you shall give one-fifth to Pharaoh, and four-fifths shall be yours as seed for the fields and as food for you and those in your households, and as nourishment for your children.” And they said, “You have saved our lives! We are grateful to my lord, and we shall be serfs to Pharaoh.” And Joseph made it into a land law in Egypt, which is still valid, that a fifth should be Pharaoh’s; only the land of the priests did not become Pharaoh’s. Thus Israel settled in the country of Egypt, in the region of Goshen; they acquired holdings in it, and were fertile and increased greatly” (Genesis 47:20-27).