Why is joblessness increasing though education is increasing? Is it the fault of student or what ???
The answer is simple. Our economy is growing at below 2% GDP. There is not enough economic activity for businesses to invest and hire workers... When the economy recovers to 4-5% real GDP, you will see much higher employment of new graduates out of college... Also, the ACA enacted by Congress is forcing many small companies to cut back hiring and also converting there current employees to part time employees to avoid the government mandate of providing health insurance to their workers over 50 employees. It was a bad piece of legislation and the people are suffering under its bureaucracy.
Lastly, the universities are producing too many graduates with liberal arts degrees that does not prepare their students with the skills of a modern economy demands. Meanwhile, the students are burdened with huge debt from these loans. There is no good reason for a 4 year college degree to cost over $100K...
Skills mismath. The people getting liberal arts degrees for which there is almost no demand instead of skilled trades for which there are millions of jobs begging.
"mismath" may be a type-o, but it is a good word to describe the math programs in primary education today. Good assessment Jack.
by alexandriaruthk 4 years ago
What are the pros and cons of increasing the minimum wage in the present state of the US economy?lower the gap between the middle class and the rich, etc.
by Tim Mitchell 19 months ago
Is increasing the military budget to have the best military, boost the economy, or both?According to Stockholm International Peace Research Institute nation spending in billions and share of GDP is: U.S. - 596/3.3%, 215/1.9%, Saudi Arabia - 87/13.7%, Russia 66/5.4%, UK 55/2.0%, India 51/2.3%,...
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