Tuesday, January 29, 2013

Talk of Jobs conspicuous by its Absence

Where is all of that high-falutin talk of Jobs, where is the president’s jobs council, and where is the president poetic rhetoric about solar, wind and air?

Absent from the market square of ideas that’s where they are. Replacing them are the absurdities that will only further weaken an already fragile U.S. economy.
What are the topics that presently consume the media and the government today? Think about it, I’ll give you a moment. Time’s up! Okay if you said advancing Homosexuality, if you said an unconstitutional assault against the 2nd amendment, if you said granting 40 million illegal foreign nationals amnesty and U.S. citizenship, if you said implementing more usurious taxes on the rich (and everyone else) and if you said implementing new bogus and costly federal regulations under the guise of Climate Change you would be absolutely correct.

What is not being discussed by media or government is the fact that the current administration has done nothing on the topic of jobs. If you recalled the president promised to make jobs his number one priority. He stated emphatically that neither he nor his administration would rest until they solved the jobs problem in America. He made such promises in 2008, 2009, 2010, 2011, and 2012 but in 2013 not so much.

This president and this media have pivoted to an all out full frontal assault on the American people and their constitution. With a radical hard left manifesto to fundamentally change the United States into the economic mess that Greece and Spain are. This president has only focused on social issues and only those that divide us. Yet no one has had the temerity to ask the question, “ Mr. President what about the good green shovel ready jobs that you promised America?”

I don’t relish being the bearer of bad tidings America but the fact of the matter is there are no “good” jobs and there will be no “good” jobs in the near future according to a new report published by Richard Vedder, Christopher Denhart, and Jonathan Robe entitled “Why are Recent College Graduates Underemployed?” (see below)

Why are Recent College Graduates Underemployed? by



This Report highlights the following:

• About 48 percent of employed U.S. college graduates are in jobs that the Bureau of Labor Statistics (BLS) suggests requires less than a four-year college education. Eleven percent of employed college graduates are in occupations requiring more than a high-school diploma but less than a bachelor’s, and 37 percent are in occupations requiring no more than a high-school diploma;

• The proportion of overeducated workers in occupations appears to have grown substantially; in 1970, fewer than one percent of taxi drivers and two percent of firefighters had college degrees, while now more than 15 percent do in both jobs;

• About five million college graduates are in jobs the BLS says require less than a high-school education;

• Comparing average college and high-school earnings is highly misleading as a guide for vocational success, given high college-dropout rates and the fact that overproduction of college graduates lowers recent graduate earnings relative to those graduating earlier;

• Not all colleges are equal: Typical graduates of elite private schools make more than graduates of flagship state universities, but those graduates do much better than those attending relatively non-selective institutions;

• Not all majors are equal: Engineering and economics graduates, for example, typically earn almost double what social work and education graduates receive by mid-career;

• Past and projected future growth in college enrollments and the number of graduates exceeds the actual or projected growth in high-skilled jobs, explaining the development of the underemployment problem and its probable worsening in future years;

• Rising college costs and perceived declines in economic benefits may well lead to declining enrollments and market share for traditional schools and the development of new methods of certifying occupation competence.

No one is talking about jobs America. Granting amnesty to 40 million citizens of Mexico and Latin America will only exacerbate the strain on an already hopeless job market. All the other talk of guns, homosexuality and climate change is just white noise to prevent you from thinking about our failed leadership and the real crisis this country faces.

Where is all of that high-falutin talk of Jobs, where is the president’s jobs council, and where is the president poetic rhetoric about solar, wind and air?

Absent from the market square of ideas that’s where they are. Replacing them are the absurdities that will only further weaken an already fragile U.S. economy.

Source of report and statistics: