Originally Posted by akphidelt
To get experience, most college grads take jobs that do not actually require a degree. It's been that way for decades.
ointer:
Most college grads aren't lawyers, doctors, or engineers. And even those fields like doctors and lawyers have to take menial jobs and internships for years while they earn their degrees. The fact you don't understand why people coming straight out of college do not have an easy time finding a job is hilarious.
Actually, if you ever hired anyone, you would understand.
But hey, let's all sit here and pretend a silly little kid who has never had a real job knows all about this.
And, while we're at that, let's also pretend that the entire point of college is not to land in a professional level job that requires a degree, right out of school, or anything.
Obama To Millennials Stuck Living At Home: I've Got Nothing For You
WALTER HICKEY
AUG. 7, 2013, 2:44 PM 30,987 109
President Barack Obama fielded questions today from Americans in an interview organized by Zillow's CEO Spencer Rascoff.His answer to a question from a recent college graduate should be gut churning for Millennials to listen to.
The question of interest was from a recent grad who is still stuck living with his parents, a situation endured by one in three Millennials. He wanted to know what the president planned to do to help his generation.
"We need more affordable, quality rental housing," said the President. "Jacob looked like a pretty young guy, renting is probably the best option."
Then, he correctly said "What for their parents would have been the down payment on a home right now is going to service their student loan debt. ," an observation that I can personally attest to.
Great, one might think. So what do we do now?
The president then pivoted to his suggestions for student loan reform, and, even more perplexedly, immigration reform.
"If we get immigration reform done, suddenly you’ve got all kinds of families coming out of the shadows," which the President argued would help to raise the cost of real estate.
Which, by the way, is the opposite of what our Millennial questioner really wants. How, precisely, does more expensive real estate aid young renters screwed over by student loans seeking affordable housing?
But let's first look at the student loan proposal that the President said should give that young professional faith.
You can read the whole proposal here. It would limit payments to 10% of income, forgive debt that remains after 20 years (10 years for nurses, teachers and military folks), and give out more Pell grants.
Sounds awesome.
But here's the thing: None of that affects the people who already have student loan debt.
The key caveat is that it only affects students enrolling in 2014 or later.
Are you in college or recently out of college? Are you one of the many, many millennials who retreated into grad schools instead of braving a failing or mediocre economy? Well, you're out of luck then.
This isn't a small segment of the economy, either.
Roughly 10% of the country is in the age bracket of a recent college graduate, according to the Census. These are people aged 21-26 years old, with college graduation years somewhere between the economic wasteland the 2009 graduating class walked into and the economic "meh" the forthcoming 2014 graduating class is about to join.
So when the president is asked by a member of this huge segment of the American people what he hopes to do with them, then goes on to acknowledge the fact that this is a problem, but then states his proposals to fix two other problems that don't help this 10% in any way, shape, or form, that cuts somewhat deep.
And the striking answer is the President doesn't actually have a solution for this problem at all.
It's understandable that he wants to fix the problem — crippling student loan debt — at the source, which I imagine is potentially great for my younger sister, someone currently looking at schools.
But what does the President plan to do about the major problems 21-26 year olds are facing, exactly? This is the generation that watched people from his generation crash the economy. This group is still reeling from its effects.
But the most galling part of all of this is how the president handled a question asking about that. He's proposed helping everyone older than Millennials (through his HARP proposal) and everyone younger than Millennials (through student loan reform) but not, precisely, Millennials. The president hopes to see housing prices rise as a result of immigration, which also screws Millennials.
It's to be expected that the President dodged the question. That's what politicians do. But he didn't have to rub it in.
Read more: http://www.businessinsider.com/obam...-ive-got-nothing-for-you-2013-8#ixzz2t3bfURH7
WALTER HICKEY AUG. 7, 2013, 2:44 PM 30,987 109
President Barack Obama fielded questions today from Americans in an interview organized by Zillow's CEO Spencer Rascoff.His answer to a question from a recent college graduate should be gut churning for Millennials to listen to.
The question of interest was from a recent grad who is still stuck living with his parents, a situation endured by one in three Millennials. He wanted to know what the president planned to do to help his generation.
"We need more affordable, quality rental housing," said the President. "Jacob looked like a pretty young guy, renting is probably the best option."
Then, he correctly said "What for their parents would have been the down payment on a home right now is going to service their student loan debt. ," an observation that I can personally attest to.
Great, one might think. So what do we do now?
The president then pivoted to his suggestions for student loan reform, and, even more perplexedly, immigration reform.
"If we get immigration reform done, suddenly you’ve got all kinds of families coming out of the shadows," which the President argued would help to raise the cost of real estate.
Which, by the way, is the opposite of what our Millennial questioner really wants. How, precisely, does more expensive real estate aid young renters screwed over by student loans seeking affordable housing?
But let's first look at the student loan proposal that the President said should give that young professional faith.
You can read the whole proposal here. It would limit payments to 10% of income, forgive debt that remains after 20 years (10 years for nurses, teachers and military folks), and give out more Pell grants.
Sounds awesome.
But here's the thing: None of that affects the people who already have student loan debt.
The key caveat is that it only affects students enrolling in 2014 or later.
Are you in college or recently out of college? Are you one of the many, many millennials who retreated into grad schools instead of braving a failing or mediocre economy? Well, you're out of luck then.
This isn't a small segment of the economy, either.
Roughly 10% of the country is in the age bracket of a recent college graduate, according to the Census. These are people aged 21-26 years old, with college graduation years somewhere between the economic wasteland the 2009 graduating class walked into and the economic "meh" the forthcoming 2014 graduating class is about to join.
So when the president is asked by a member of this huge segment of the American people what he hopes to do with them, then goes on to acknowledge the fact that this is a problem, but then states his proposals to fix two other problems that don't help this 10% in any way, shape, or form, that cuts somewhat deep.
And the striking answer is the President doesn't actually have a solution for this problem at all.
It's understandable that he wants to fix the problem — crippling student loan debt — at the source, which I imagine is potentially great for my younger sister, someone currently looking at schools.
But what does the President plan to do about the major problems 21-26 year olds are facing, exactly? This is the generation that watched people from his generation crash the economy. This group is still reeling from its effects.
But the most galling part of all of this is how the president handled a question asking about that. He's proposed helping everyone older than Millennials (through his HARP proposal) and everyone younger than Millennials (through student loan reform) but not, precisely, Millennials. The president hopes to see housing prices rise as a result of immigration, which also screws Millennials.
It's to be expected that the President dodged the question. That's what politicians do. But he didn't have to rub it in.
Read more: http://www.businessinsider.com/obam...-ive-got-nothing-for-you-2013-8#ixzz2t3bfURH7
Um, note:
1. Nobody said that "most grads" are doctors, lawyers, or engineers. Nice straw man
2. There is no such thing as a "menial job" in the legal profession while you earn a law degree. You either have a JD and then pass the bar - requirements to practice - or you do not. Further, being a resident (or intern) in the medical field would not make you in any manner, shape or form, in a job that does not require a degree as you need to be in medical school or have to have completed medical school to hold them (medical residents are paid).
3. Do you even realize how stupid these posts make you look and do you even read this idiotic drivel you're posting before you post it?
You understand you quite literally have no idea how someone becomes a doctor (or attorney) right?
It is so "basic" that you fell flat on your face and posted a comically stupid example to try and back it up.
Originally Posted by akphidelt
To get experience, most college grads take jobs that do not actually require a degree. It's been that way for decades.
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Note the poster in question can not back up this absurd comment.
