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I'd also be interested in the effect of a college education on employment, controlling for other stuff. This stuff is usually reported as raw differences between college-educated and not.

Jon Peltier

"I suspect that the second group [older college grads] ... does not suffer from serious unemployment..."

On the other hand, companies are shedding older, experienced, and costlier workers, often in favor of younger, cheaper, but less experienced workers.

It's dangerous to speculate on the components that comprise an aggregate number, without actual data.

 Tommy O'Dell

There's also a correlation/causation error hiding in the assumption that going to college increases your odds of being employed afterwards by up-skilling you. I believe that much of the effect is explained simply in that colleges attract talented people and talented people fare better in the market place. Another contributor to the observed effect outside the upskilling theory: the social signaling that comes from having been to college.

Kudos to Josh Kaufman of PERSONALMBA.com for opening my eyes to this.


Jon: I'm not sure what you said changes my conclusion. If there are sufficient jobs created for young college grads by displacing older workers, then college grads shouldn't be facing a difficult job market.

While I'm concerned that I can't judge the validity of the Adecco survey, their finding says that the unemployment rate for recent college grads is worse than the overall unemployment rate for all college grads. So, it is not mere speculation that if the one part is higher than the average, the other part must be lower.

Sharon Michaels

It is a difficult choice to make. Put off college or try to college then try to find a job in a difficult job market. I think either way it will be hard to find a job.

Consumer Credit Counseling

I agree with Jon and the older and experienced people are the most affected

Spencer Hale

A lot of people end up with thousands of dollars in student loans that they have no way of repaying. They find themselves in need of bankruptcy but the problem is that in almost every single case student loans are considered non-dischargeable.

Selivia @ Payday Loans

The future is being pushed to dark. As the cost to education is increasing, the number of student debts is also being increasing, who has to be blame for such situation! That’s not the question, the question arise that the student’s future and career is all in dark with those increased rates. The longer this bubble is allowed to inflate, the more people will end up affecting when it eventually bursts.

Phillip * Quick Cash

Education plays quite a vital role in everyone’s life in fact for development of the country too, because the youth is our tomorrow. The ratio for unemployment is been drastically falling and majority of graduates is only having part time jobs. It’s quite a serious matter and some immediate measure has to be taken for the students, who are completing their studies and still waiting for jobs.

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