Study: Plenty of Skilled Labor Just Not Enough Jobs.

[AgeofKnowledge]

The STEM Crisis Is a Myth

Forget the dire predictions of a looming shortfall of scientists, technologists, engineers, and mathematicians

The STEM Crisis Is a Myth - IEEE Spectrum

 

[jack4022]

An interesting and very relevant article. Thanks for posting . As a current STEM major with many friends who are earning or have earned a degree in a STEM field the fact of the matter is there are too many people with STEM degrees and not everyone who earns a STEM degree is going to find a job in their respective field. Employers look for high achievers with higher levels of school, but they also want well rounded and versatile people who can handle a variety of situations and most importantly work with different kinds of people in a productive way.

 

[AgeofKnowledge]

But mostly employers want a flood of cheap talented labor to exploit for profit.

An interesting and very relevant article. Thanks for posting . As a current STEM major with many friends who are earning or have earned a degree in a STEM field the fact of the matter is there are too many people with STEM degrees and not everyone who earns a STEM degree is going to find a job in their respective field. Employers look for high achievers with higher levels of school, but they also want well rounded and versatile people who can handle a variety of situations and most importantly work with different kinds of people in a productive way.

 

[ServantStrike]

But mostly employers want a flood of cheap talented labor to exploit for profit.

It makes the entire process of going to college seem pretty painful then. If that's the case then the'll just jump ship and pay someone in India to do it for pennies on the dollar.

 

[AgeofKnowledge]

A recent study has shown that half of recent college graduates can’t find jobs. Those who graduated since 2009 are three times more likely to not have found a full-time job than those from the classes of 2006 through 2008 who are less likely than those that preceded them.

Of recent college graduates that did find a job, the study indicates that 43 percent had jobs that didn’t require a college degree. So while the top 10% find jobs out of college, most everyone else finds disappointment to go with their new student loan. Even recent PhDs are facing stiff competition for fewer available jobs, and more than a few of them are now driving taxis for a living.

The Rutgers Work Trends Study: http://www.heldrichpodcasts.com/Chasing_American_Dream_Report.pdf

The student loan default rate tells the story. One third of all federal student loan borrowers have either defaulted on their debt, or are in deferment or forbearance. When you separate college graduates since 2000, the default rate increases.

A closer look at the trillion > Consumer Financial Protection Bureau

It makes the entire process of going to college seem pretty painful then. If that's the case then the'll just jump ship and pay someone in India to do it for pennies on the dollar.

 

[megaman125]

I'm actually a part of that. I graduated in 2011 and went for a year and a half without a paying job. And even now when I am working in my field, it's only part time. My loans are still in deferment.

And to think, I went into a field that was called "wide open" with lots of job opportunities. For the most part, there were job opportunities, they just weren't for people fresh out of college with no experience.

 

[AgeofKnowledge]

The Labor Force Participation Rate is 63 percent. That’s the lowest in four decades. For men it’s the lowest since record-keeping began in the 1940’s. What this means is 37 percent of the able-bodied, working age adults in America are not only not working, they’ve given up looking for work.

Even worse, a unimaginable percentage of those who are employed have only part-time jobs. Seventy-seven percent of the new jobs created since January 1st are part-time jobs. Studies show 1-in-4 part-time workers live in poverty, while only 1-in-20 full-time workers live in poverty. So millions of Americans under Obama who show up as “employed” are merely working their way towards poverty. And millions of others who have full-time jobs are working at McDonalds, or working as waiters, or bartenders, or janitors. Those are the only jobs left under Obama. The middle class is being slaughtered. But the wealthiest continue to enrich themselves as never before.

I'm not a socialist. I'm not advocating for a redistribution of wealth so most people can sit on their butts and smoke dope while thinking about a sex change operation because they were "born that way" which is nonsense.

The problem is gross mismanagement of the U.S. economy across the entire spectrum from trade to immigration to social services to the way taxing is done to monopoly capitalism, to corruption, to a failed modern liberal indoctrination system that dares to call itself a public education system, to fill in the blank, etc... etc... etc...

Our entire way of life sits on top of a grossly mismanaged Republic which is funded by the greatest deficit spending the world has EVER seen.

It is unsustainable, observable, measurable, and at the end involves a very hard crash for all but a very few.

I'm actually a part of that. I graduated in 2011 and went for a year and a half without a paying job. And even now when I am working in my field, it's only part time. My loans are still in deferment.

And to think, I went into a field that was called "wide open" with lots of job opportunities. For the most part, there were job opportunities, they just weren't for people fresh out of college with no experience.

 

[ServantStrike]

I'm actually a part of that. I graduated in 2011 and went for a year and a half without a paying job. And even now when I am working in my field, it's only part time. My loans are still in deferment.

And to think, I went into a field that was called "wide open" with lots of job opportunities. For the most part, there were job opportunities, they just weren't for people fresh out of college with no experience.

Ouch. What field if you don't mind me asking. I'm an out of work Comp Sci, so I'm hoping you don't say computer science, but I kind of see the writing on the wall.

Even my contacts are afraid to give me a direct reference. Everyone is keeping their head down, so you get stuck going into the great HR nightmare that is a keyword stuffed resume. Must have 3 years of experience, but how you're supposed to get it is beyond me. Some people have had the audacity to casually suggest I go back to school, and I just look at them dumbfounded because I'm not sure why one would want to rack up more debt for that purpose.

 

[AgeofKnowledge]

I have four degrees all with an A average. Two of them are extremely technical and relevant. I also have numerous Microsoft, Novell, Cisco, and other vendor certifications including a few of the hardest and most respected. My resume shows many years of experience including two Fortune 500 companies. One of them I worked at for over five years straight receiving two awards in the process. They are worthless in this economy and my five year job search ended in failure. I had to DBA and go knock on doors to find small business people that need my expertise. Welcome to the ranks of the lesser paid self-employed... lol.

Sparing the details, both the Democrats and the Republicans have gotten us into this mess. They are both responsible. Neither has a plan to get us out. Their current strategy only results in our nation getting more lost and further behind and in debt. All rating agencies have the U.S. with a future negative outlook.

Ouch. What field if you don't mind me asking. I'm an out of work Comp Sci, so I'm hoping you don't say computer science, but I kind of see the writing on the wall.

Even my contacts are afraid to give me a direct reference. Everyone is keeping their head down, so you get stuck going into the great HR nightmare that is a keyword stuffed resume. Must have 3 years of experience, but how you're supposed to get it is beyond me. Some people have had the audacity to casually suggest I go back to school, and I just look at them dumbfounded because I'm not sure why one would want to rack up more debt for that purpose.

 

[megaman125]

Ouch. What field if you don't mind me asking. I'm an out of work Comp Sci, so I'm hoping you don't say computer science, but I kind of see the writing on the wall.

No, it's accounting.

Even my contacts are afraid to give me a direct reference. Everyone is keeping their head down, so you get stuck going into the great HR nightmare that is a keyword stuffed resume. Must have 3 years of experience, but how you're supposed to get it is beyond me. Some people have had the audacity to casually suggest I go back to school, and I just look at them dumbfounded because I'm not sure why one would want to rack up more debt for that purpose.

Yeah, I had people suggest that I go for my MBA because "I'd get more job opportunities" and I went for a semester, big mistake. Not only did I not even come close to getting the paid intership/job that I was "guaranteed" to get if I entered their program, I actually became less hireable during to scheduling conflicts, and no one wanted to pay a future MBA more than someone with a Bachelor's when they have no experience. The result, I got fewer interviews for fewer jobs that I was able to apply to.

 

[AgeofKnowledge]

Amazing isn't it. I have an MBA with an A average as one of my degrees. It's an advantage in life but not an advantage in today's job market. China graduates more MBAs than the U.S. now. India does too. They speak perfect English, are bilingual, can assist with transnational matters, will work like slaves twelve hours a day seven days a week, and do so at fifteen cents on the dollar. If you're a large employer, why would you want a U.S. MBA when you can literally draft the crème de la crème off the top ten percent of China and India's MBAs for pennies on the dollar.

No, it's accounting.Yeah, I had people suggest that I go for my MBA because "I'd get more job opportunities" and I went for a semester, big mistake. Not only did I not even come close to getting the paid intership/job that I was "guaranteed" to get if I entered their program, I actually became less hireable during to scheduling conflicts, and no one wanted to pay a future MBA more than someone with a Bachelor's when they have no experience. The result, I got fewer interviews for fewer jobs that I was able to apply to.

 

[AgeofKnowledge]

Report: Asian economies will surpass US, Europe

"The spectacular rise of Asian economies is dramatically altering ... U.S. influence," said Christopher Kojm, chairman of the National Intelligence Council, as it released the report Global Trends 2030 on Monday.

The United States could [will] see its standing as a superpower eroded and Asian economies will outstrip those of North America and Europe combined by 2030, according to the best guess of the U.S. intelligence community in its latest forecast."

Report: Asian economies will surpass US, Europe - US News and World Report

Chinese MBA Programs Becoming More Competitive and Attractive – chinaSMACK

 

[AgeofKnowledge]

The 400 richest Americans are now worth a combined $2 trillion, according to Forbes.

That sets a record, Forbes said, and marks a jump from last year's total of $1.7 trillion.

The average net worth of a Forbes 400 member is now $5 billion—also the highest ever. And the costs of being part of the 400 Club rose to $1.3 billion.

400 richest Americans now worth $2 trillion

 

[ServantStrike]

The 400 richest Americans are now worth a combined $2 trillion, according to Forbes.

That sets a record, Forbes said, and marks a jump from last year's total of $1.7 trillion.

The average net worth of a Forbes 400 member is now $5 billion—also the highest ever. And the costs of being part of the 400 Club rose to $1.3 billion.

400 richest Americans now worth $2 trillion

It pretty much confirms what those crazy conspiracy theorists have been saying all along. A very select few people at the top really do have all of the power, and it really is outside of any government or international jurisdiction.

 

[AgeofKnowledge]

The elitists want to disarm you, strip you of your liberty, and make you a slave for their profit. If you resist, they will put you in a sprawling prison industrial complex where you will be forced to work for their profit.

It pretty much confirms what those crazy conspiracy theorists have been saying all along. A very select few people at the top really do have all of the power, and it really is outside of any government or international jurisdiction.

 

[AgeofKnowledge]

I couldn't make this up if I tried.

NSA director Keith Alexander modeled top secret war room on Star Trek's Enterprise | Mail Online

 

[AgeofKnowledge]

Next on Obama's agenda is a massive immigration reform push. Apparently there's some kind of a labor shortage in the U.S. in his mind.

Yahoo News Canada - Latest News & Headlines

 

[Angela53510]

I am so glad to be in Alberta, Canada after reading this. All my kids have good jobs in their fields, which range from engineering and accounting to social work and medicine. They got hired right out of university. Jobs go begging for qualified applicants.

My second son is a Chartered Accountant. He started as a junior accountant in one of Canada's largest accounting firms, worked his way into the oil and gas industry and is now the CFO and Exec. VP of a multi-million dollar company in 5 years (He is now 32)

My youngest son has been a hockey player in the AHL and Europe, and worked in a bike shop in the summer for fun, companionship and extra money. He decided to quit hockey, and got a job in corporate insurance sales the next day, when the senior management officer of an insurance corporation walked in and offered him the job. They are giving him on the job training. We worried about his lack of post-secondary education, but he has a great personality and is a hard worker, good salesman, and now he is moving on in life!

I am glad to be in Canada, where although we do have debts, they are being paid down, and our banks are safe! We also manage to care for the truly poor, disabled and provide universal health care to everyone for our tax dollar.

Now if we could just get rid of these dreadfully long and cold winters, life would be perfect! LOL

 

[AgeofKnowledge]

Nice to meet you Angela. A wonderful mother with a great family. AWESOME!

I am so glad to be in Alberta, Canada after reading this. All my kids have good jobs in their fields, which range from engineering and accounting to social work and medicine. They got hired right out of university. Jobs go begging for qualified applicants.

My second son is a Chartered Accountant. He started as a junior accountant in one of Canada's largest accounting firms, worked his way into the oil and gas industry and is now the CFO and Exec. VP of a multi-million dollar company in 5 years (He is now 32)

My youngest son has been a hockey player in the AHL and Europe, and worked in a bike shop in the summer for fun, companionship and extra money. He decided to quit hockey, and got a job in corporate insurance sales the next day, when the senior management officer of an insurance corporation walked in and offered him the job. They are giving him on the job training. We worried about his lack of post-secondary education, but he has a great personality and is a hard worker, good salesman, and now he is moving on in life!

I am glad to be in Canada, where although we do have debts, they are being paid down, and our banks are safe! We also manage to care for the truly poor, disabled and provide universal health care to everyone for our tax dollar.

Now if we could just get rid of these dreadfully long and cold winters, life would be perfect! LOL

 

[Angela53510]

Nice to meet you, too! I worked teaching while my kids were growing up, and eventually burned right out and got very sick, still am. I got my MDiv last year and now I am a volunteer chaplain. I can't work for money, because my health is too inconsistent.

I hope you still want to be friends after this confession that I was not a stay at home mom and I am a pastor! Mind you, my kids are all wonderful and they appreciated everything I did! I never had a problem with them, but I think that was God that kept them on the straight and narrow, not just parenting.