Tough Economy Tough For Grads

In the worst economic downturn since the Great Depression, millions of college students who will graduate this spring are now facing very bleak job prospects. Priya David reports from Washington.

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News & Politics

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• College
• University
• Graduation
• Diploma

[BinkieMcFartnuggets]

Meanwhile all those girls who dropped out of high school to become hookers aren't looking too stupid after all!

[vimzibaiegh]

Paradoxically, the current administration is attempting to increase the number of college graduates hitting the marketplace. Of course everyone should have the chance for a college degree if they want one; but in the future, jobs requiring college educations will be fewer. One clue: Look at how the USA falls over themselves to save the auto industry. And Ironically the more prevalent degrees become the less essential they become & rather expensive to end up the same as a high school dropout.

[MRTEL7777]

fuck this country. This country is a fucking rat race with a bunch of entitled selfish people trying to get a slice of the pie. The pie is gone ppl time for a revolution. We need a refresh and start over.

[azureminded1]

@BinkieMcFartnuggets nonsense selling your body and being plauged with disease and mental problems as well as constant danger is not a viable option... totally unamusing comment

[Cubatraveler]

Education has value like any commodity-- when it is relatively rare. If everyone had gold, a pound of gold would not be so valuable. If everyone or nearly everyone has a degree, education isn't all that valuable. You just become a dime a dozen like everyone else.

[nsewx]

thats what happens when you gamble..

[billyysands]

His basic idea was simple: to keep people fully employed, governments have to run deficits when the economy is slowing because the private sector will not invest enough to increase production and reverse the recession. Keynesian economists called on governments during times of economic crisis to pick up the slack by increasing government spending and/or cutting taxes.

[billyysands]

In this situation, the economy might have reached a perfect balance, at a cost of high unemployment. Although Keynes never mentions fiscal policy in The General Theory, and instead advocates the need to socialize investments, Keynes ushered in more of a theoretical revolution than a policy one.

[billyysands]

British economist John Maynard Keynes argued in General Theory of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment that was well below the average.

[chimairatool]

They say it's still gonna get worse.