For most students internships are hard to come by. Most job announcements require several years of work experience that most graduates don’t have. The results: high rate of graduate unemployment. At the same time the cost of higher education keeps sky-rocketing and student loans have literally become a modern-day shackle of debt slavery. What is the solution?
To be clear, higher education is necessary whether or not one gets a job immediately. It is for individual self-discovery and enlightenment but also good for society as people can understand this complex world a little better than if they were not educated at all. But all this at what cost and what are the long-term effects of the current situation of graduate unemployment around the world? Remember, the cost also includes opportunity cost of higher education in lieu of alternative sources of knowledge acquisition. Your comments are welcome.
Dr. Ahen,
i have a few papers on Education which may provide some insights about the way people think which is a part of the puzzle you are trying to solve. Also, problematic are the types of degrees offered not matching industry needs. Curriculum, and industry will continue to diverge unless curriculum changes faster to meet demand and works better to educate/minimize graduates in these less performing fields. Already some industries now hire out of high school and we are greatly lacking in trades as well some which pay great wages but are not seen as beneficial. We also have to focus on finding what learners are good at earlier; focus on trades like the new presidential trade education grant, certifications for specialties. Big multi faceted question you have asked. Much more work to do here. Not just one answer. Hope this helps some.
Outstanding Points on the problem. Currently, I have reached economic cycles in the United States for the last 200 years. The fifth current upwave will create a major boom in the United States for 20 years. We will experience record economic growth, low unemployment, low interest rates, a NASDAQ should go over 10,000. The engine is the new millennial generation who have embraced the 4th Industrial Revolution and will make record economic profits.
Mechanisation, automation has eaten away jobs. Only solution is to challenge the 08 hours work day. No one should be employed for more than 05 hrs work a day. Employment will automatically improve by 40%.
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