Steve Jobs Yacht Launched!
Steve Jobs Yacht Launched!
Based on the latest wage information from the U.S. Bureau of Labor Statistics, the following positions represent the top-paying jobs you can do from your home office.
More than half of America’s recent college graduates are either unemployed or working in a job that doesn’t require a bachelor’s degree, the Associated Press reported this weekend. The story would seem to be more evidence that, regardless of your education, the wake of the Great Recession has been a terrible time to be young and hunting for work.
But are we really becoming another Greece or Spain, a wasteland of opportunity for anybody under the age of 25? Not quite. What the new statistics really tell us about is the changing nature, and value, of higher education. […]
As the AP notes, recent graduates are now more likely to work as “waiters, waitresses, bartenders and food-service helpers than as engineers, physicists, chemists and mathematicians combined.” This is a problem for any number of reasons, but here are two big ones: First, a degree is more expensive than ever, and students are piling on debt to finance their educations. It’s much harder to pay back loans while working for tips at Buffalo Wild Wings than when you have a decent office job. Second, when college graduates take a low-paid, low-skill job, they’re probably displacing a less educated worker, For every underemployed college degree holder, there’s a decent chance someone with just a high school diploma is out of work entirely.
So is a college education simply less valuable than in the past? In some respects, yes. According to the Census, the number of Americans under the age of 25 with at least a bachelor’s degree has grown 38 percent since 2000. Not nearly enough jobs have been created to accommodate them, which has resulted in falling wages for young college graduates in the past decade, as well as the employment problems we’re now seeing.
That said, not all degrees are created equal. The AP reports that students who graduated out of the sciences or other technical fields, such as accounting, were much less likely to be jobless or underemployed than humanities and arts graduates. You know that old saw about how college is just about getting a fancy piece of paper? Not true. For an education to be worth anything these days, it needs to impart skills.
Read more. [Image: Reuters]
The King of Twitter is now the King of Apple, as “Two and a Half Men” star Ashton Kutcher is attached to play Steve Jobs in the indie pic “Jobs,” which Joshua Michael Stern (“Swing Vote”) will direct from a script by Matt Whiteley.
Update: the Variety writer’s Twitter confirms this isn’t a joke. Also, there’s this…
In the future, U.S. growth will be slower. Recessions will be deeper. Recoveries will be weaker. And there’s exactly one thing to blame.
That’s the stark conclusion from James Stock and Mark Watson in this fascinating, and occasionally depressing, new paper. In fact, they say, the future is now. For the last few years, we’ve weathered the beginning of what demographers have called the grey tsunami. “Most of the slow recovery [in today’s job market] is attributable to a long-term slowdown in trend employment growth,” Stock and Watson write.
The authors blame two demographic demons for our uncertain future: (1) the plateau in the female labor force participation rate, and (2) the aging of the U.S. workforce. Their underlying logic is that without continued growth in female workers or a significant boost in population, employment and GDP growth will slow, leaving us vulnerable to recessions with “steeper declines and slower recoveries.” In such a future, jobless recoveries will be the only recoveries we know.
Read more. [Image: Peter Bell, Ryan Morris]
If you’re looking for guaranteed employment during the next eight years, become a nurse. Really. It’s that simple.
Recently, the Bureau of Labor Statistics’ released its list of the thirty occupations where it expects the greatest net-job growth through 2020, and registered nurses are the very top. Over the course of this decade, the government expects an additional 711,900 will be hired to help care for the ballooning medical needs of America’s aging population — a 26% increase from 2010. Best yet, the BLS says many parts of the country are experiencing a nurse shortage, meaning talent will come at a premium.
“19% of all American men between the ages of 25 and 34 are now living with their parents.”
– 50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe (via courtenaybird)
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Since 2001, when China was admitted to the World Trade Organization, the growing trade deficit between the U.S. and China has cost America 2.8 million jobs, mostly in manufacturing, according to a study from the Economic Policy Institute released yesterday. More than 40 percent of the $194 billion increase in the trade deficit between the U.S. and China was due to imports of Chinese-manufactured computer and electronic parts.