Comments on: High unemployment and the education deficit Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: futureops6 Fri, 30 Jul 2010 14:00:24 +0000 Okay guys and gals to attack the author on the premise that education is the cure-all is rather simple though many of you bring up good points, some very good. But what we should really attack his premise on are his facts; take the graph that he uses or that he mentions that the stimulus money was spent on a select few sectors of the economy.
In the graph the author looks at the difference in unemployment between Collage Graduates (CG) and High School Graduates (HSG), but what he fails to point out at 4.4% unemployment that would put CGer’s at the top point of what most economists would call normal or seasonal unemployment rates(usually 2 to 4% for normal job turnover rates). So when the government used OUR money for the so-called stimulus/ Job Creation Bill; well, it was politically skewed in favor to the progressives favored segments of the work force, not those that needed the help most or those most hurt by the Recession.
Nor does he mention that Colleges and Universities have become nothing more than wealth transfer vehicles, from the Middle Class to the Social Elites at the Schools. Where costs have grown exponentially since the ‘70’s with no real increase in net worth of their product.
Really sad when you think about it that we have let this happened for so long.

By: JR02 Thu, 29 Jul 2010 16:19:54 +0000 With computer and IT technologies growing at an alarming rate, the Labor Supply is currently demanding a highly-educated, computer savy employee. Advanced computer technologies will soon takeover meaningless manual labor jobs, like construction workers and grocery cashiers, so it is time for our labor supply to adapt to our economy’s changing demands.
It is a scary outlook for those with only a High School diploma, even worse for those without their GED

By: ERhoades Thu, 29 Jul 2010 13:27:09 +0000 Higher education counts when your are talking about job specific training, otherwise what employers want is not so much someone with a college degree but someone who has the traits that lead to getting a college degree an ability to work independently and wrap ones head around new ideas. The degree becomes a symbol of a culture. In order to get a better idea of how valuable those degrees are one really needs to match the degrees to the jobs taken after graduation. If one does this and finds a significant percentage of people whose degrees don’t match the jobs they take then I think it is fair to make the argument that the $80,000.00 to $180,000.00 dollars spent to get the degrees was largely wasted.

I wouldn’t argue that we need intellectual as opposed to physical labor assets, but I don’t think that intellectual assets are created by higher education as much as by the culture that values higher education.

By: googolplex Thu, 29 Jul 2010 05:41:03 +0000 The good professor is talking from an “University of the 20th century” lectern, I suspect, and the employment chart is skewed toward 20th century corporation models, I assume.

The fact is, with the maturing of new knowledge data bases on the internet, any high school graduate can quickly master college material through free lectures as those presented in MIT’s excellent open courseware without ever stepping into a class in an university campus, socializing with peers, or patronizing professors in their 20th century ivory towers.

In 10 years, I suspect we will see a group of highly erudite and astute professionals who were self-taught in a variety of unorthodox methods who will seize the reins of our global economy, operating small businesses with zero overheads and huge profit margins.

All those Ivy Leaguers won’t have a clue what hit them, worse still, start to wonder why they spend all that money on a 20th century education !

I sure hope I am wrong, but the way our children communicate and gain access to data they seek, and the accelerated growth in IT and data delivery systems and tools like the iPad and the Kindle,tuned to the ever evolving world wide web and its capabilities, the chances are we are witnessing a sea change as new generation of young, highly capable “texting”, “naturally multitasking” “dual and triple professionals”(doctors with law degrees and architects with engineering and accounting skills and scientists with liberal arts and philosophy at their core) take over a far more sensitive economy, without ever having seen a class room, let alone an university.

We might call them nerds, but they’ll be….laughing all the way to the bank.

By: rrodriguez78 Wed, 28 Jul 2010 17:34:33 +0000 Someone please tell PR Governor Fortuño… although I don’t understand why this is such ‘breaking news’… this goes into the “uh… duh” file for me.