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Effect of unemployment essay
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Underemployment is a major issue in today’s society as it has an impact on many students and individuals that are overqualified. It can be defined as an involuntary employment conditions, where workers are in jobs, either part time or full time and that their skills, including formal and work experience/training, are technically underutilized and undervalued (Glyde, 1977, p. 246). Firstly, it is easy to determine if an individual is either underemployed or overqualified for a job. According to Feldman, underemployment can be broken down into five dimensions (Maynard & Joseph, 2008, p. 141). The five dimensions are more education than required by the job, employment in a field outside of the area of education, more skills or experience than required by the job, involuntary employment in part-time or temporary work and lastly low pay (Maynard & Joseph, 2008, p. 141). …show more content…
According to the U.S. Department of Labor's Bureau of Labor Statistics, it reports that 20% of all college graduates work in jobs that don’t require a college degree and that more graduates were hired for temporary or contractual positions (Feldman & Turnley, 1995, p. 692). Individuals that are classified as underemployed or overqualified have to deal with many problems. Lastly, students faced with underemployment can lead to lower levels of job satisfaction, work commitment, job involvement, internal work motivation and can have a negative attitude towards their job and life (Feldman & Turnley, 1995, p. 694-695). It is frustrating for students because they work so hard in school to get a degree and only find a job that isn’t in their field. The main focus is on college graduates who are working in jobs in which they are overqualified for and how it impacts
In David Brook’s essay, “It’s Not About You,” Brooks mentions and describes the challenges college graduates face when looking for a job. He goes on and describes how this generation is different than any other generation. He explains how college graduates don’t go on and get married, buy houses, and have kids like previous generations. He also states how college prepares you with a set of skills that are much different to the ones you encounter when you graduate. Those skills you have to learn on your own.
A majority of people believe that graduating from college will result in a well-paying job. Unfortunately, a degree will not secure a job for many graduates. In the U.S., the jobless rate for college graduates in 2012 was 7.7 percent, and has further increased in the past five years(Robinson). With such a large pool of unemployed citizens for employers to choose from, recent graduates are facing fewer opportunities for work due to little or no previous work experience(Robinson). Although many graduates are faced with unemployment, the majority do receive the opportunity to work. Sadly, many must work jobs they do not enjoy for salaries that make it difficult to make ends meet(Debate). Students are faced with mortgage-sized debts upon graduation, making it difficult for them to start businesses, buy cars or houses, or make other investments that would better the
The trends in unemployment affect three important macroeconomics variables: 1) gross domestic product (GDP), 2) unemployment rate, and 3) the inflation rate.
College is the place where people go to retain the necessary training for a job that requires specific skills, which results in earning a higher pay check. In today’s world, employers are scouting out for individuals with the proper dexterities to fill the shoes for that specific job. Blanche D. Blank, the author of “A Question of Degree," argues that possessing a degree of higher education isn’t the only way to have a very successful life. This statement is highly argumentative, due to the fact that college graduates still out-earn people without degrees. Obtaining a college degree is one of the best things someone can do for themselves, when it comes to looking for a stable job. There is also so much more to college than just receiving a
In this article “What It Takes To Make New College Students Employable” written by Alina Tugend, she argues that your time in college does not necessarily prepare an individual for jobs in society today. This is mainly due to employers who expect recent college graduates to have the skills prepared for a working environment. Unfortunately, that is not the case because the social and technical skills that you learn in college do not translate into the corporate world. To solve this problem, students can become more well equipped with the skills necessary to work by attending training programs, have employers work with them to fix certain issues, and teach them where certain social skills should be applied in the workplace.
In this article Nemko is illuminating the issues that our modern society is facing involving higher education. Students are starting off college with bare minimum requirements for next level learning and feeling disappointed when they are not succeeding in their courses. The author acknowledges that the courses being taken by students are sometimes not beneficial to life after college. Nemko states, “A 2006 study supported by the Pew Charitable Trusts found that 50 percent of college seniors scored below ‘proficient’ levels on a test that required them to do such basic tasks…”(525). Students are specializing in areas of learning to in turn be denied to working in that field and stuck with unnecessary skills. “Many college graduates are forced to take some very nonprofessional positions, such as driving a truck or tending bar”( ...
Contrary to popular belief, a college education can help with any job, regardless of whether the job is within a certain major or not. In fact, a college graduate even benefits if they take up a job as a plumber or a police officer- not only from their academic education, but also from learning important skills such as persistence and discipline (Leonhardt). Having a college experience and exposure to the world creates well- rounded people with higher skills and work ethics- and therefore better workers. Though they aren’t immune to being turned down, college graduates are more likely to actually get jobs, and be paid more for them, as shown in a study d...
Students’ wouldn’t be able to hold down a job is the second reason they shouldn’t dropout of high school. Many employers would like to have someone who has been too high school and that have been educated so they can handle money and add things p...
If more people went to college, and less went the vocational route, jobs will take a momentous hit. Today, companies will not even touch an application that does not include a Bachelor’s Degree; even if the Bachelor’s Degree has nothing to do with the job being applied for. Attention is not given to whether the hopeful applicant qualifies for the job; all that matters is that the applicant has a Bachelor’s degree. Murray best sums up the American job market when he says, “Employers do not value what the student learned, just that the student has a degree” (Murray). However, if less people obtain a Bachelor’s Degree, employers will be forced to base applicants on their skills, and abilities. Furthermore, important vocational jobs that lie vacant will be filled. Good electricians, carpenters, and construction workers will always be in
Graduating can be a very exciting moment in life, but it can be difficult to find jobs after graduating. The loss of jobs has increased since the Great Depression and the
People continue to wonder if college is worth the time and money spent with numerous individuals still unemployed, a valid concern of young students. Despite the information the majority have heard about unemployment rates, this is not a valid argument. (Michael Greenstone and Adam Looney) notes, “In Apr. 2013 the unemployment rate for college graduates aged 25 and over with a bachelor’s degree was 3.6%, compared to 5.0% for associate’s degree holders, 7.5% for high school graduates, and 11.4% for high school drop-outs.” These statistics alone should put your mind at ease relieving concerns an individual may have in respects to finding a job in their field. Moreover, employers that can see someone’s passion toward the carrier they’re seeking will increases one’s chance of successfully finding
In 1975, Caroline Bird’s “College Is a Waste of Time and Money” describes why college degrees cannot buy you five years in the work force. Bird’s essay heavily describes the emotional struts these students encounter while attending college, and the anguish of dreadful classes which seem irrelevant to your actual desired occupation. High school students are inevitably being pushed to believe that college is a fundamental difference between working a desk job making $80,000 a year, and working a minimum wage job the rest of your life. Many college students are finding out that your twenty-thousand dollar degree won’t land you your dream job. Although some may advocate that college is the proven method to a successful career path, the majority of people that attend college are setting themselves up for failure with barricades like loans, low graduation rate, lack of experiences, and career success rate after receiving a degree.
The book Taking Sides- Educational Issues states that, “individuals who have attended college have greater work opportunities and tend to have skills that can be easily applied in different job settings”.
“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 requ...
While having the right skills for employment is imperative to obtaining a decent job. Displaying your job skills in America’s competitive job market can be challenging. One stigma can be perceived that long-term jobless people have been sitting around and not really wanting to work. (Daly, Hobijn, and Kwok 2015) Or the perception that they would not take a lower paying job, and if they do, they will leave as soon as they find a higher paying one. Some companies have clearly barred the underemployed or long-term unemployed from certa...