celtic_crippler
Senior Master
Article: http://www.nytimes.com/2013/02/20/b...d-by-increasing-number-of-companies.html?_r=0
Another sad reflection of the reality of our current economy... It now takes a BA to find a $10/hr job. And that's not enough to pay off that student loan either.
Wonder how long before the "Stuent Loan Bubble" bursts the way the Housing Market Bubble did and how serious an impact that will have on our floundering economy?
Another sad reflection of the reality of our current economy... It now takes a BA to find a $10/hr job. And that's not enough to pay off that student loan either.
Economists have referred to this phenomenon as degree inflation, and it has been steadily infiltrating Americas job market. Across industries and geographic areas, many other jobs that didnt used to require a diploma...
This up-credentialing is pushing the less educated even further down the food chain, and it helps explain why the unemployment rate for workers with no more than a high school diploma is more than twice that for workers with a bachelors degree.
When you get 800 résumés for every job ad, you need to weed them out somehow, said Suzanne Manzagol, executive recruiter at Cardinal Recruiting Group.
Wonder how long before the "Stuent Loan Bubble" bursts the way the Housing Market Bubble did and how serious an impact that will have on our floundering economy?