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56% Of Recent Black College Graduates Get A Job That Does Not Require A College Degree, CEPR Finds
With everyone focused on what is undisputedly the next mega credit bubble in the form of student loans, which in the most recent quarter hit a record high of over $1.1 trillion, the topic of college education, and specifically its utility, has gotten much press coverage over the past month. As we summarized most recently two days ago, the key variables involved when calculating the costs and benefits revolve around whether one uses (generous amounts) of student loans and what area of specialization one picks. But according to a recent report published by the Center for Economic and Policy Research titled "A College Degree is No Guarantee", there is another, perhaps more important variable when it comes to getting the most out of one's college education: race.
As the WSJ reports, "among those with a job in 2013, more than half of black recent college graduates—56%–were in an occupation that typically doesn’t require a college degree, according to a report Tuesday by the Center for Economic and Policy Research, a left-leaning Washington think tank."
But while one may be inclined to accuse the authors of pandering or, gasp, racism, the reality is almost just as bad for all races:
Among all recent college grads with a job, the rate still was a very high 45%. (The report defines a recent college grad as someone between the ages of 22 and 27 with a four-year degree.)
The follow through from here is logical: upon graduation some 56% of blacks fall into a state defined as "underemployment", not to be confused with the same term used by the BLS, "in which college-educated workers aren’t getting high enough salaries to pay off their student debt and achieve a middle-class lifestyle."
An additional variable, although far less important, is experience: "experience makes a difference, with workers further out of school tending to hold better jobs than recent college graduates. Among all employed black college graduates—regardless of when they earned their degree—about 42% were in a job that didn’t require a degree in 2013. Among all employed college graduates regardless of race, the figure was 35%. The weak labor market comes at a time when young college graduates also are carrying higher debt loads than previous generations to cover rising college costs."
The punchline, by the CEPR report's author Janelle Jones (who incidentally is also black, which has no bearing on this topic... which is why we note it):
“Black workers have been told for a generation that the way for you to do better is go to college. These are people who go to college in the face of rising tuition, needing to work to support themselves, not having a family structure. They finish college and then they end up finding a job that job doesn’t end up requiring a degree and pays less than those that do require a degree."
Well, to be honest Janelle, all workers have been told for a generation, and actually much longer than that, that the way to do better is go to college.
So while we appreciate the study's conclusion, which is what we expected, namely that nearly half of college graduates end up in jobs that do not require a college education (and certainly do not pay well enough to repay the student loans) and as such the delinquencies on student loans are guaranteed to skyrocket in the coming years, we are amused by yet another attempt to make this into a black, non-black i.e., "race" issue, although we have a very distinct feeling that when the topic of student loan forgiveness (and its monetization by the Fed) becomes the pressing political issue in a couple of years, along racial lines is precisely just how this latest government hand out will be approached.
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Worthless college degree + shitty job market = rayciss.
Therefore, BTFD and give Barry a third term.
Africa American unemployment rates (~):
less than hs = 15%
High School = 9%
Some college = 7%
Bachelors + = 5%
Currently overall = 13%
NEXT..
This is just headline garbing with out showing a breakdown of the other races.
Cue Dap screaming WAKE UP!!!!!!!!!!!!!!!!!!!
Like President or Attorney General?
How many jobs require a degree in African Studies or Applied Community Organization?
ARE THEY PAYING THEIR DEBTS? ARE THEY PAYING THEIR DEBTS?
IF SO, THEN FINE.
Are integrated circuit design, organic chemistry, and finite element analysis courses no longer required for a Black Studies BA?
how many of those who received a job, did so solely because of their skin pigmentation?
Go ahead....down arrow me. I don't care. We both know it's true.
Don't worry, no one on zh will downvote you for whining about black people. Calling you on it, on the other hand..
Chinese central banker: "Renminbi will become reserve currency"
http://homment.com/sQcLfv9LD9
That means war.
But what does the Rnminbi have to do with pathetic fate of the black people in the USSA despite having a black/Jewish president?
Wait I got it. War means more jobs for black people, especially when it comes to filling up body bags.
74% of the US Soldier deaths in Iraq were white. 72.4% of the USA population is white. Over represented.
9.49% were black. 12.6% of the USA population is black. Under represented.
10.72% were "Latino" or "Hispanic". 16.4% of the USA population is "Latino" or "Hispanic". Under represented.
1.85% were "Asian". 4.8% of the USA population is "Asian". Under represented.
Your theory is bullshit about war and black people. Minorities are under represented in filling body bags as a group, and blacks in particular.
Draft more Asians to fill in the 3% gap for services! Those lazy Asians and
I think I just deflected our current topic to Asians.
On the other hand what's the tax contribution rate by race? Percentage wise..
Is the same government that wants to give you a student loan the same one that produced those statistics?
Yeah, no shit. "Pay me moar" should be the real title. The whole system is so corrupt there is no "buying it off." Once these prices moonshot (a billion dolares for a single fighter jet that doesn't fly...or a single helicopter that won't work either?) then "the sheeple" will be sufficiently cued in.
They've already stopped ("don't encourage them!") voting.
Someone famous once said, "The poor we have always with us." He was onto something.
less than hs: free
high school: free
some college: negative $8,000
bachelors+: negative $40,000
College is not free. Basically you have to weigh the 4% reduction in unemployment rate with the $40,000 it costs you to go to college. On top of that, you have to weight the probability your ultimate job won't require a college degree, which at 56%, is a pretty likely scenario.
So it's a gamble. You're betting $40,000 at 6.8% interest on a 44% chance that you will get a job upgrade. The reduction in unemploment is practically negligible because those are already bad odds.
You're betting $40,000 at 6.8% interest on a 44% chance that you will get a job upgrade.
A 44% increase you'll go from unemployed to employed? Sounds like a damn good gamble! Simply put, the probability you will not be able to find work w/ degree is very low.
On top of that, you have to weight the probability your ultimate job won't require a college degree, which at 56%, is a pretty likely scenario.
This is very tenuous, many jobs may not 'require' a degree in theory only. They also specify 'recent' which is another can of worms.Yes, but its a bargain at the price. Where else can you get 4 years of extended adolescense without your mother's house rules.
My Dads house with the my new step mom who was twenty years younger. Damn those who were some fun days.
Details, brother, details.
We need to declare McWar on racism. I think there alot of racists in here...reeks of stormfront. Tip of the Iceberg i suspect.
Can somebody translate this into English for me?
Standing round of ovation for the corrupt, arrogant narcissistic illegal indonesian kenyan muslin sociopathic ignoramus liar in chief only interested in its grand imperial golf life style rather than helping the black obtain gainful employment. It would rather keep them enslaved with EBT cards and free sh*t.....
Liar in chief has about as much in common with American blacks as white people do with polar bears.....
It's too bad all the people who vote, vote blindly without looking at outcomes... that's why the incumbents were over whelmingly reelected in yesterday's election... sheeple sticking their head deeper into the sand so their butts will stick out more to be repeatedly cornholed by the corrupt ruling political elite turds they reelected.... ain't it grand...
yup.... and the OJT buttcrack plumbers are out there kickin ass
"Thanks Obama"
Fuck em, they voted for skin color. I feel no pity.
Blacks only comprise ~13% of the US population. Whites are ~77%.
If 100% of all blacks voted for Obama solely because of pigmentation, it would never outweigh the number of whites who voted AGAINST Obama solely because of his color.
Think about it.... The entire American South are backwater racist hillbillies - that number alone is far more than the entire US black population. The Tea Party, the NRA, the entire state of Texas and Kentucky.... All of them voted AGAINST Obama because of his skin color.
Now, I understand that this will probably anger many of the conservative Right-wingers around here, so I'll end with something that ya'll can rally with: FUCK THE AMERICAN WORKER! LONG-LIVE CORPORATE INTERESTS! Jesus loves you! Health insurance leads to communism!
So only race is the determining factor in the south? Are you insane?
Maybe they don't love socialism? Can't be a factor?
Maybe they don't want a President who had a British Subject as his father?
I could go on, your small mind couldn't possibly grasp reality.
I wonder what that number is for Asian college graduates? I'm willing to bet that it's low.
I bet they didn't factor the degree major into this analysis. What you study is what counts. $10 says that black students in STEM (solidly employable) programs are almost non existent.
1% black student at caltech
40% asian.
http://www.registrar.caltech.edu/statistics.htm
HBD or Waaaaaaacissssssmmmm!!
You don't need a degree to play beat down on the streets.
Or to be an "aspiring" rap star.
Or to be a father of many children with as many mothers.
Or to collect SNAP.
There you go. Junk away, pirates!
Not all African Americans are low lifes. While I was in the military I met hundreds of African American men and women who were stand up people, responsible, kind, honest, and much better human beings than most of my relatives.
And of the non-com's most had degrees.
so how did you interpret comments above to be that blacks were thought to be 'low lifes'?? however i guess if i put that comment together with the one you made previously about your stepmom then perhaps someone should be considered a lowlife...
I know a black guy who graduated with a degree in Agricultural engineering. He now works in a Teavana.
I am black and I am majoring in Electrical Engineering. You best believe that I can't stand this system and the only thing keeping me in "school" is the fact that I have a year left.
With that said, I do try to make the best of my time in "school" and I know full well that even at legitimate "schools", you get out what you put in- at best. Sadly, many of these dumbfuck cash cows, er students, are hopeless. Even worse, they believe in magic. That is, if you do nothing and just get by, after 4/5/6 years, you will become an engineer. As for the professors, they constantly reinforce the notion that if you do your time in "school", then a job will be waiting for you at the end of the road. It's all quite sickening really. Though I never let myself fall into the coddling trap.
Good luck. I know a guy who graduated with a Master's in Electrical Engineering, after about 10 months unemployed, he got a job repairing Kindles. Now, 5 years later, he is in a entry level position at GE. I don't know how many years he will have to work to break even [education cost-wise]. He's white if that makes any dif.
.
Where does that leave my online bachelors degree in Pickup Artist studies from the South Carolinas College of Charleston?
I'm only in my first year and now I think I'm truly fucked and will be in debt for like 20 years or more.
Don't worry you will have plenty of time working your debt off at the local FEMA camp.
I was confused at first. Did they mean "black" college graduates or "Black College" graduates? Am I racist for having the thought?
I graduated with a degree in fine art from a "Black College". My Step game is on point as are my instincts are honed for a Call and Respond musical rhythm. I figure the menial job offers I get only reflect my background with group cohesion getting an order straight the first time.
My art is good but what passes for art these days was corrupted a long time ago by the Rockefellers and their "Modern Art". "Modern Art" is crap and yes you could paint that Jackson Pollock or Rothko.
Art is just a wrapper for laundering money. For example: The cash flow works in reverse. A greek shippin magnate sells a Cezanne's Card Players for $300million and really get the rights to ship Lybian oil from The Quatar royal family who commited the military resources to overthrow Gadaffi. He doens't recieve $300M in a wire transfer, he really bought the exclusive rights to ship all that crude and Qatar gets the "Art" and a $300M credit in their bank account because it is an "asset". http://www.abeldanger.net/2014/05/cia-laundering-money-through-inflated....
I wonder how committed the "Historically Black Colleges" are to diversity? Do they seek out students of other races so as to have a culture of inclusion? Or is it just fine that they do not?
A degree means nothing from these 'colleges. The are unfortunately filled with victimology and unmarketable bullshit.
And they end up as baristas at Starfucks where they cannot even count small change.
But it's a wash since ObOzO will waive all the student loans sometime soon.
I do not see many black baristas. I think SBUX knows they rarely wash their hands.
College graduates should form a big union and then, according to many Zero Hedge readers, they can live the good life like they do in Detroit now!!!
I had a dream last night that I bought a few dozen city blocks in Detroit, razed everything, and turned the land into a medieval-style hunting ground wilderness (bears, wolves, deer, the works) with an awesome castle in the middle of it all. The castle was called the Citadel of Badassitude.
look at what is in the white house ..... a commie muslim any busines making major capex in the ussa had better have a sanity check... and obumbler care has not kicked in fully... you wanted change ... you got it.... personally ill keep my guns, religion and money..... YOU keep the change
this is true of ALL COLLEGE GRADS. There are no jobs for recent college grads. Even engineers are having a hard time finding jobs in NJ.
I believe it's probably easier for a black graduate to find a job than a white male. Reverse discrim.
Agreed with that last bit. Heres an experiment we can all try. Visit the linkedin page of a young black woman and take a look at the 'viewers of this profile also viewed..." field. They're all black women?? but that would mean people are specifically hunting for candidates by race!
Racism is real.
RE
No.
Granted, the black guy might have gotten more in terms of scholarships and grants, but both potential employees are equally screwed to get a job.
Today's corportocracy doesn't care about race, as much as they do about income. This report proves that.
Black people don't get opportunities just because they are black. They don't get opportunities because they are poor AND black.
My 2c: I haven't researched this (yet), but I bet they don't get opportunities because they study the wrong things at inappropriate institutions.
At my establishment of employment the HR people go out of their way to recruit minorities during hiring season but rarely do any make it past the first interview stage. The resumes are often just really weak. So in the end what gets hired is white and Asian, with a sizable smattering of Latinos.
Well said. The douchebags that screwed this up don't care about race, even if we do.
Everyone seems to overlook the negative unintended consequences of Affirmative Action and racial quotas at universities. The common impression seems to be that black students were pushed through the system and as such the degrees they "earned" are not worth as much. As such corporations will look twice when a black graduate applies for a job. Some may label it racism but it is really a reflection of government policy.
Our corporate policy since the crash requires ALL new hires to have college paper. Delivery drivers? Check. Warehouse workers ? Check. Grounds keepers? Check.
In the nearly thirty years I've worked for this company, I have never, ever, seen a group of people so reluctant to get their hands dirty, whilst they mope around with their broken moral that these are the only jobs available after college. As my youngest son prepares for his stint in the military, as his sister currently is, and just about every other member of our family, never have I been so relieved that my kids opted for service, over college.
What kind of company?
because their degrees are from worthless black universities in non-descript areas of studies such as well...Afro-American Studies. Four years of George Washington Carver - shoot me now. Without gov't jobs including Post Office, DMV & Military blacks could never retire.
You lie!
common core is going to change all that
Everest College Commercial | Hood Variant
Cool, so what types of degrees are black students persuing?
If you guessed Af.Am. studies....well maybe that's a reason they're unemployed. First, it's a worthless degree. Second: it's a lawsuit waiting to happen.
I imagine the same is true about gender studies or similar degrees by any other name. The rose still has thorns.
At least they DON'T know they are slaves now.....
Hope and Change? Nope. Debt and Chains.
Dealing with City employees - the Aisans are twice as smart and helpful as minorities. White males are typically helpful - white women much less so but not quite as worthless as minorities. Blacks are apparently the reason they have websites - go ask a black countre worker for clarification and they refer you to the City website. Fucking douches. This observation is based upon 30 years of observations.
In dealing with blacks in other areas - they really believe they are not to blame for their plight - they are victims. Blacks are physically strong but are emotionally challenged. Blacks have no real power, unless they beat you up which is just physical strength; as such, they are really loud and aggressive which is typical animal reactions when scared or confused.Black women are the first to fly off the handle and start bellowing about what dey gonna do. Blacks get advancement many times b/c they are black, which kinda like a pity fuck. Seriously, how many REALLY intelligent blacks do you know? Obomber got elected b/c he wasnt a middle aged white douche named McCain or Bush - then he compounded the error by hiring idjits across the board including that old white broad you flushed ACA website. Obomber's black insecurity is causing him to get all yes men/women at high levels in the military - we will lose the next war too.
Often I wonder when you count ALL forms of welfare if blacks are a net financial drain on the nation.
Who is the rayciss that down arrowed me!!!!!!
To all them with such entitlement mentality of being wronged:
"Get over it!" Don Henley, The Eagles
Education these days is largely a mechanism for enslaving clueless parents and students while keeping them out of the unemployment statistics.
Clearly it is racism. Everyone running a company hates black people. It's the early 1900s I guess. Sick of people in the media trying to shame all us white folks because of shit from before that the majorty of people alive today ahd nothing to do with and nboody alive today having anything tod o with the slavery pre 20th century
Where are the media articles on ugly people or fat people and them being held down? You'd think based on the media that nobody in the world other than black people is ever treated worse/differently for no logical reason.
Fear not, just apply for a goobermint yob!
.....anddddddddddddddddddddd they're off!
Here ya go!
"“And of course, the reason is we’ve proved that Communism works. If you give everybody a good government job, there’s no crime.”
http://dailycaller.com/2014/05/21/dem-congressman-weve-proved-that-commu...
Gawd Dumocrats are almost as funnee as Republiturds.
Pladizow: Like President or Attorney General?
Dude, you can't even get his college transcript. He can't even pass "REAL ID" to get a job at Sears.
Loretta Fuddy could explain this. Oh shit, she's dead!
There are Federal Departments that have black employees in the 70 to 80 percent category. I lost a game warden job to a black and the man that interviewed me said he didn't know a quail from a turkey from a chicken but his hands were tied. The NFL and NBA should be 68 plus percent white or I am being discriminated against. If you hire a black you sure as hell better plan on keeping them until they retire or you sell your business or they will be signing your paycheck as you sweep floors in the business you used to own. Just wait if this new NFL swordfighter isn't in the starting lineup the queer nation will go apeshit crazy and make the St Louis Rams life a living hell. Big mistake though he could offer services in the lockerroom not available on most NFL teams after a bad loss. Ah,, never mind, America,,,, I missyou,,,,,,,,we could all die and come back 200 years from now and still be hearing how the blacks are "workin for da man". Enough already,,,, grow a pair and get over it.
Let's run down the list:
civilian government jobs
military
acorn
Oh, and yes, daz raycizz
tired of this greivance crap
here's one: if you walk around half caulked and angry, it doesn't matter how smart you are, no one will hire you
speak english, stand up straight, make eye contact and smile and you may get somewhere.
Yessir massah, I be smile reel brite for ya!
Guess what: some people have more dignity than to act like they want to suck your dick to get through an interview and that's a good thing.
this is also happening for Americans who happen to be non-black. this is the new normal for EVERYBODY.
Connections are and will be valuable in future growth. STEM degrees will be useful. Don't expect merit decisions. People will use paper to decide when they cannot.
African Studies are not considered paper, of any sort.
As it pertains to intelligence, innovation, and critical thought:
Blacks, Whites, Asians, Latinos, are simply....not equal and they never will be. There is nothing the government can do to make them equal.
It is genetics. The longer the government tries to subsidize the idea that the Earth is flat, the longer it will take to make progress and push society forward. In fact, the government can only push us backwards. Our current situation is a great case study.
Except, it isn't. Our DNA is nearly identical & for every black failure you find I can find you another white failure in Murrika, from all areas of income or employment (or lack of both).
Face it, you're an evil fucking racist.
whatever the circumstances that the populace finds itself in (i.e. a manufactured collapse due to unthinkable evil done under the guise of 'free-market'), it is utter and complete nonsense to suggest that the population is bettor off the less those populations are educated.
regardless the 'price' of an education in terms of a particular market.
:)
Considering you need a college degree for a Data Entry job nowadays, this isn't saying much.
What kind of shitty job can you do without a college degree. How can anyone even think of doing anything other than geting a master's degree in engineering and making 150k to start. Get a life.
Lol like there's any career that requires a degree in African Studies.
give the polite nature of people on ZH who say they employ others and refer to blacks as "knee grows" I am utterly shocked that blacks would be more underemployed than other races.
Shocked, I say.
isn't the popular press arguing for race based admissions (which implies less qualifications?)? So unless you believe 4yrs of brain washing & lots of drinking & drugs somehow brings the candidate up to par or so then why is this stat even unusual? not college worthy going in, not college worthy job coming out? did i miss something? doesn't really have anything to do with race