A recent study issued by the Harvard Institute of Politics indicates that 9.7% of Millennials are unemployed. “Furthermore, although 62.9% are currently working, 31.2% of t hose Millennials work on a part-time basis,” states the study. “Over a quarter (27.4%) are currently out of the labor force, whether as full-time students or because of disability, incarceration, or full-time parenthood.” Continue reading
As recently reported by USA Today, one third of millennials have earned four-year degrees. In my previous blog entry I discussed the financial perils facing these students, who often graduate unable to find a job in their major (unemployed or underemployed) and saddled heavily with debt.
However, it looks like the job market for those with Bachelor’s degrees is creeping upward somewhat, according to a new report issued by Michigan State University. Continue reading
One of the major pitfalls in education policy is viewing education as intrinsically valuable in and of itself. This is like saying that a dollar is valuable for being a dollar, rather than what can be bought with said cash. A recent article by Mary Beth Marklein, with USA Today, notes that one third of millennials have earned a four-year degree. This is “up from 28% in 2001 and 2006 and 17% in 1971,” according to U.S. Census data, she reports. Continue reading