17,000,000 College-Educated Americans Are Wasting Their Degree On Menial Jobs

[5150Joker]

http://www.businessinsider.com/college-educated-wasting-degree-2010-10

Wonder who is going to repay those student loans? Another bubble? I think so. Hard to pay off 100K on $10 an hour.

Also, Remember how they pimped offshoring with just get more education? Worked well I see. I knew that was a ruse at the time because design, writing and engineering will eventually follow factory for logistical reasons if nothing else. Who has not read a power supply or motherboard manual in broken English? Today many companies just have a US marketing force.

Anyway remember this next time you put food on Chinese tables. It's not cheaper. You may think it is but you have not paid unemployment taxes, food stamp taxes, unpaid student loans yet for Americans not working or under working.

My undergrad degree is in biological sciences with an emphasis in clinical lab sciences and most jobs offered are lab tech ones starting at $12-$15 hour which isn't all that much. My cousin did a 2 year training program as a dental hygienist and she makes $50/hr in the bay area so it's one of the few remaining jobs that pay well. If I hadn't gone to medical school, my prospects of making a decent earning with a bachelors in science was basically nonexistent.

My dentist has a friend that recently graduated from UC Merced with a mechanical engineering degree and he hasn't been able to land a job for 6 months. If people think outsourcing of the US industry has only affected those that work in call centers, they're sorely mistaken. I know so many people with degrees in the sciences that can't find jobs. That is why most new grads are avoiding majoring in the sciences and instead focusing on accounting and business, they tend to be able to find jobs faster with higher pay, though I suspect they are saturated as well.

America is full of stupid people and they keep voting in those that sell out to corporate lobbyists who are bent on saving a buck and outsourcing. The Bush administration and the GOP played a very large role in the outsourcing of American jobs and come Tuesday, America will likely vote those crooks back into office. You reap what you sow.

 

[werepossum]

http://www.businessinsider.com/college-educated-wasting-degree-2010-10

Wonder who is going to repay those student loans? Another bubble? I think so. Hard to pay off 100K on $10 an hour.

Also, Remember how they pimped offshoring with just get more education? Worked well I see. I knew that was a ruse at the time because design, writing and engineering will eventually follow factory for logistical reasons if nothing else. Who has not read a power supply or motherboard manual in broken English? Today many companies just have a US marketing force.

Anyway remember this next time you put food on Chinese tables. It's not cheaper. You may think it is but you have not paid unemployment taxes, food stamp taxes, unpaid student loans yet for Americans not working or under working.

I'm old enough to remember that progression in motherboards. When I first started building computers, ALL motherboards were made in America. Then some of the bigger companies began having some of the manufacturing done in Taiwan. Pretty soon all the manufacturing had been outsourced and the workers laid off. American engineers no longer had fab facilities and no longer experimented with hardware, they merely designed on paper. Conversely the Taiwanese manufacturing companies' engineers not only had access to the design, but also to the manufacturing; they could play with different designs and see firsthand what worked and what didn't work as they fixed the errors in the American engineers' designs. Within a few years the Taiwanese companies were offering to include the design at no extra charge. Now the design engineers were laid off too, leaving just marketing and "big picture" people. Tech questions and tech support, especially on new products, had to be referred to the Taiwanese companies, as no one remaining at the American companies really understood the hardware. When the Taiwanese manufacturing companies began marketing their own products, the bloated and out-of-touch American companies simply couldn't compete; they no longer had the technical expertise to even know what was possible, let alone know enough to project the next logical advance.

The amusing thing is that the same thing is happening now to the Taiwanese companies who have outsourced their manufacturing to the mainland.

 

[werepossum]

My undergrad degree is in biological sciences with an emphasis in clinical lab sciences and most jobs offered are lab tech ones starting at $12-$15 hour which isn't all that much. My cousin did a 2 year training program as a dental hygienist and she makes $50/hr in the bay area so it's one of the few remaining jobs that pay well. If I hadn't gone to medical school, my prospects of making a decent earning with a bachelors in science was basically nonexistent.

My dentist has a friend that recently graduated from UC Merced with a mechanical engineering degree and he hasn't been able to land a job for 6 months. If people think outsourcing of the US industry has only affected those that work in call centers, they're sorely mistaken. I know so many people with degrees in the sciences that can't find jobs. That is why most new grads are avoiding majoring in the sciences and instead focusing on accounting and business, they tend to be able to find jobs faster with higher pay, though I suspect they are saturated as well.

America is full of stupid people and they keep voting in those that sell out to corporate lobbyists who are bent on saving a buck and outsourcing. The Bush administration and the GOP played a very large role in the outsourcing of American jobs and come Tuesday, America will likely vote those crooks back into office. You reap what you sow.

Perhaps you've forgotten Bill Clinton. During the days of Bush I, Red China was under a near-complete technological embargo from the Western world. Clinton single-handedly ended that, moving the decisions appropriately enough to the Commerce Department. Within just a few years there was no technology forbidden to the ChiComs except for purely military hardware - and not much of that. Remember, Clinton sold the ChiComs our cruise missile manufacturing line before our new line (with an extra axis of motion) was even finished. Both parties have been horrible, but Clinton is the one person that made Red China the high tech manufacturing powerhouse it is today rather than the 50s technology Communist flop it was prior to his presidency.

 

[Zebo]

I'm old enough to remember that progression in motherboards. When I first started building computers, ALL motherboards were made in America. Then some of the bigger companies began having some of the manufacturing done in Taiwan. Pretty soon all the manufacturing had been outsourced and the workers laid off. American engineers no longer had fab facilities and no longer experimented with hardware, they merely designed on paper. Conversely the Taiwanese manufacturing companies' engineers not only had access to the design, but also to the manufacturing; they could play with different designs and see firsthand what worked and what didn't work as they fixed the errors in the American engineers' designs. Within a few years the Taiwanese companies were offering to include the design at no extra charge. Now the design engineers were laid off too, leaving just marketing and "big picture" people. Tech questions and tech support, especially on new products, had to be referred to the Taiwanese companies, as no one remaining at the American companies really understood the hardware. When the Taiwanese manufacturing companies began marketing their own products, the bloated and out-of-touch American companies simply couldn't compete; they no longer had the technical expertise to even know what was possible, let alone know enough to project the next logical advance.

The amusing thing is that the same thing is happening now to the Taiwanese companies who have outsourced their manufacturing to the mainland.

You're a wise man Mr Possum. This "blue print" as it were was understood by our founders who's only way of taxation was tariffs as protection from the superior Europeans. This was how govt was funded until 1913 and what built USA from backwater neanderthals to #1 - china and most of Asia understands these lessons and have cultural tariffs if nothing else - besides stealing all IP.. FYI Taiwan still runs a trade surplus so I'm not sure what to say about that instance.

 

[5150Joker]

Perhaps you've forgotten Bill Clinton. During the days of Bush I, Red China was under a near-complete technological embargo from the Western world. Clinton single-handedly ended that, moving the decisions appropriately enough to the Commerce Department. Within just a few years there was no technology forbidden to the ChiComs except for purely military hardware - and not much of that. Remember, Clinton sold the ChiComs our cruise missile manufacturing line before our new line (with an extra axis of motion) was even finished. Both parties have been horrible, but Clinton is the one person that made Red China the high tech manufacturing powerhouse it is today rather than the 50s technology Communist flop it was prior to his presidency.

Point taken about Clinton, that sleaze ball was no better. One trend I'm noticing amongst rapidly developing emerging economies like China and India is a major drive towards attracting foreign investment and nurturing domestic industrial growth. The US has been doing everything opposite of that and now that the promise of a prosperous service sector economy is showing itself to be a huge lie, American families are suffering. The problem is I don't see a way to fix it. Those in our government aren't concerned enough as long as their own pockets are lined by corporate interests. With ideologues on both sides of the isle in Congress, political gridlock and mudslinging is only going to get worse after Tuesday.

 

[bamacre]

The Bush administration and the GOP played a very large role in the outsourcing of American jobs and come Tuesday, America will likely vote those crooks back into office. You reap what you sow.

If any Democrats would like to believe that, I offer you a little truth.

That's a very interesting discussion now that we know what happened over the next 15 years.

 

[ShawnD1]

If any Democrats would like to believe that, I offer you a little truth.

That's a very interesting discussion now that we know what happened over the next 15 years.

Interesting video. Thanks for sharing!

 

[Zebo]

Point taken about Clinton, that sleaze ball was no better. One trend I'm noticing amongst rapidly developing emerging economies like China and India is a major drive towards attracting foreign investment and nurturing domestic industrial growth. The US has been doing everything opposite of that and now that the promise of a prosperous service sector economy is showing itself to be a huge lie, American families are suffering. The problem is I don't see a way to fix it. Those in our government aren't concerned enough as long as their own pockets are lined by corporate interests. With ideologues on both sides of the isle in Congress, political gridlock and mudslinging is only going to get worse after Tuesday.

I respect China and India a lot. Granted their IP theft is nothing to admire but you gotta do what you gotta do. They will rule the world next century IMO. We are so full of fraudsters, get rich quick artists and people who don't want to work I see no hope. This is natural of course - all great empires must fall, rich makes you soft, and their last gasp is warfare to try and intimidate world to continue their position.

 

[dmcowen674]

We are so full of fraudsters, get rich quick artists and people who don't want to work I see no hope.

This is natural of course - all great empires must fall, rich makes you soft, and their last gasp is warfare to try and intimidate world to continue their position.

Who are the rich Republicans going to declare warfare on?

 

[Zebo]

Hey david. We are at war everywhere. We have troops in 78 countries! We throw our wieght around and kill a few hundred thou for something as small as mythical WMDs which were not even used on us! That is a sign of fail IMO.

 

[DucatiMonster696]

If any Democrats would like to believe that, I offer you a little truth.

That's a very interesting discussion now that we know what happened over the next 15 years.

Thanks for the video.

Part 1

Part 2

Part 3

part 4

part 5

The Clinton economic advisor they had on to provide the opposing view to support GATT and defend NAFTA was so comically wrong it was not even funny.

Edit: Then again she found herself a new employer.

http://latimesblogs.latimes.com/mon...ing--the-uc-berkeley-economics-professor.html

 

[Zebo]

Good vids you too bamacre, dated, but good and came to full fruition which makes them better. Go back and read "racist" Buchanan or "isolationist" PC Roberts. SOS.

 

[bfdd]

Correction. It's the low wage service jobs we are fighting for since higher paid production was offshored and we have used serial Ponzi Finance - first with the Internet Bubble and now with the Housing Bubble - to mask our real falling standard of living. Borrowed money that has to be paid back - and we can't make the payments - and will break the banking system too. Trifecta.

I might think you're a nut on somethings Zebo, but I completely agree with you here.

 

[Baasha]

this is a joke of a thread.

Education in America is just another 'business'; people "pay" for a service, they get something back: a degree.

Colleges/universities are degree factories that pump people in and out as quickly as possible with some garbled nonsense on a piece of paper to give them a false sense of self-worth.

Academic rigor is not for everyone. Basic education, that is, being able to count your change and write basic sentences to communicate should suffice for the majority of folks; especially the uninterested, lazy, self-entitled nitwits that think teachers are there to "serve" them. No wonder teachers and education get no respect in this country.

And, a country that pays teachers $30,000 per year while paying police $100,000 per year says volumes!

As a friend said, "America will not be outsourcing my job anytime soon!"

He's a cop!

 

[Zebo]

Nevermind..

 

[Attic]

No, the problem is handing out federal aid to anyone who wants to go to college. We should hand aid out to the top 10%, regardless of wealth. Then, stop right there.

I agree, but see a number between 15-25%. The federal aid needs to be handed out regardless of wealth and simply made a reward for success to incentivise success instead of entitlement attitudes amongst our youth.

 

[Exterous]

You don't get the choice positions, and often not even full-time for the first year or two, but that's it. Out of my cohort of 37 students all but 5 (myself included) landed teaching jobs out of school (a satellite campus of a state school btw, not ivy league). Every one of my friends, and their families, that pursued teaching obtained jobs within a couple years. Very few stayed more than a year or two, but they did get the jobs.

Hey - great! Let's base out assumptions on how easy it is for people to get education jobs on your sample size of 37 people! I doubt those people had a very diverse geographical coverage area

I will counter your anecdotal evidence with anecdotal evidence of my own:

An entire school district laid off every teacher with less than 7 years seniority this year (Sidenote: That was more than 37 people). Good thing they had tenure and seniority

My wife has a number of cohorts who had still not found education jobs after 3+ years. A further number of graduates have also been hired and fired a number of times within the 5 years since graduation

Due to budget cuts in the state my wife does not expect to gain job security for another 3 years at least in the district (She has been 'fired' every one of the 4 years she has worked there. This was a combination of senority and budget issues).

 

[Exterous]

Anyway, the overall problem here is universities being country clubs. They don't have to be and they don't have to be that expensive. People learning isn't a problem in itself(even if it's art history), it's the debt from paying for landscaped vistas and aweseome gyms.

There has been a race to offer the most ammenities to attract students despite the rising costs. The American populace continues to be ok with rising prices but they expect more/better facilities, rooms, fancy equipment etc. The Universities, with a need to continue attracting students, build and offer better/more expensive options which causes the price to rise. It's a horrible cycle. If/when the education bubble pops I think a large number of Universities are going to be in deep trouble financially

 

[bamacre]

Edit: Then again she found herself a new employer.

http://latimesblogs.latimes.com/mon...ing--the-uc-berkeley-economics-professor.html

She still doesn't get it.

 

[zephyrprime]

Point taken about Clinton, that sleaze ball was no better. One trend I'm noticing amongst rapidly developing emerging economies like China and India is a major drive towards attracting foreign investment and nurturing domestic industrial growth. The US has been doing everything opposite of that and now that the promise of a prosperous service sector economy is showing itself to be a huge lie, American families are suffering. The problem is I don't see a way to fix it. Those in our government aren't concerned enough as long as their own pockets are lined by corporate interests. With ideologues on both sides of the isle in Congress, political gridlock and mudslinging is only going to get worse after Tuesday.

Yeah, there's nothing to stop the selling out of America. It will probably only end when the process reaches it's fruition and there isn't anything to sell out anymore as China becomes completely industrialized and starts to lose their cost advantage.

 

[razor2025]

Nope. 30% employment walking out the door Spring '10 from Georgia Tech.
My friend has $100k in loans for his EE degree and still no job, only a worthless offer for $45k-- poor guy, he believed the lies that education was the path to success. Too bad there aren't enough things to invent anymore for engineers to have jobs!

The whole motivation behind it (capitalism) is broken. Greed-- it works for a while, and a lot better than other economies, until it fails.
We have to replace it with corporations run for the sake of benefiting the employee, as opposed to benefiting the shareholders.

Really? Holy crap, I can't really believe that number. You have any sources? I'm curious, because I "got out" in 09, and just started my job few months ago. I wasn't really job hunting since I was doing masters at Tech till then. Most of my friends I know have decent jobs, and only 1 buddy is unemployed (but he's econ major and a bit of slacker).

 

[BoberFett]

If any Democrats would like to believe that, I offer you a little truth.

That's a very interesting discussion now that we know what happened over the next 15 years.

Edit: Then again she found herself a new employer.

http://latimesblogs.latimes.com/mon...ing--the-uc-berkeley-economics-professor.html

That whole thing is damning. But cheerleaders will still claim that Democrats are defenders of the downtrodden. Looks to me like that Democrat bitch, advisor to Clinton and now advisor to Obama, has sold out Americans.

 

[PingSpike]

My undergrad degree is in biological sciences with an emphasis in clinical lab sciences and most jobs offered are lab tech ones starting at $12-$15 hour which isn't all that much. My cousin did a 2 year training program as a dental hygienist and she makes $50/hr in the bay area so it's one of the few remaining jobs that pay well. If I hadn't gone to medical school, my prospects of making a decent earning with a bachelors in science was basically nonexistent.

My dentist has a friend that recently graduated from UC Merced with a mechanical engineering degree and he hasn't been able to land a job for 6 months. If people think outsourcing of the US industry has only affected those that work in call centers, they're sorely mistaken. I know so many people with degrees in the sciences that can't find jobs. That is why most new grads are avoiding majoring in the sciences and instead focusing on accounting and business, they tend to be able to find jobs faster with higher pay, though I suspect they are saturated as well.

America is full of stupid people and they keep voting in those that sell out to corporate lobbyists who are bent on saving a buck and outsourcing. The Bush administration and the GOP played a very large role in the outsourcing of American jobs and come Tuesday, America will likely vote those crooks back into office. You reap what you sow.

But, but, but! There's a MASSIVE SHORTAGE of qualified SCIENTICIANS! We must import more H1N1-Bs and outshore more!

 

[ShawnD1]

Really? Holy crap, I can't really believe that number. You have any sources? I'm curious, because I "got out" in 09, and just started my job few months ago. I wasn't really job hunting since I was doing masters at Tech till then. Most of my friends I know have decent jobs, and only 1 buddy is unemployed (but he's econ major and a bit of slacker).

Sounds about right. I finished EE in 2010, took 8 months to find a job (started looking in january before graduating), and that's roughly what I'm getting paid.

It's just starting salary. Work hard, try to learn things, and move up the ladder. Don't play world of warcraft all day and wait for a 70k job to land on your balls

 

[Herr Kutz]

I can't imagine why...

University offers Lady Gaga sociology course - http://www.bbc.co.uk/news/education-11672679