College Graduates to Enter the Worst Job Market Maybe Ever…

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Jobless with a degree. These numbers are frightening, quite frankly. For the first time in over 40 years, recent college graduates are doing worse in the job market than the general population. Not the same. Worse.

Yeah, AI is playing a part of this. is replacing many jobs, many jobs. Seen this coming, I said, you know, where it used to take, you know, five, six, seven young college grads to put together a prospectus. Nah, a couple of weeks, maybe AI can do it lickety split and you have one person check it over when all is said and done. College enrollment.

has been declining. More parents and students are starting to question the value of degrees that can cost obviously more than house. Colleges keep raising tuition. They keep adding expensive grad programs. You can get more federal subsidies. Never any concern about student outcome. This is from the Bureau of Labor Statistics.

The unemployment rate for recent associate degree, community college. The unemployment rate for kids with a community college or vocational school degree. People in their 20s, 2.1%.

2.1 % for associate and vocational school graduates. That’s the unemployment rate. Four-year college grads, 15.3%. Advanced degree recipients, 8.4%. You have a better chance of being employed with a two-year degree than a four-year degree.

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I saw this coming when Obama went all in and had the government take over student loans. One of the greatest policy failures in history. We have a student loan balance sheet right now that’s $1.7 trillion. That’s double what it was when Obama nationalized the industry.

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Double. As some of the student debt forgiveness that Biden put into play, would be over $2 trillion.

And it’s just a lie to these kids for a long time. Now granted, there’s a lot of BS degrees out there and you’ve got to be an intelligent borrower. And I understand the arguments. You no one forced you to take out the loan, especially ridiculous graduate degrees that go nowhere.

But it doesn’t make the problem go away.

Doesn’t make the problem go away. The conversation right now, and I haven’t listened to it. There was an interview with the president of Harvard, president of Harvard, who I guess is explaining why he needs government grants. I got to hear this. Much of their endowment is in illiquid investments. Again, that was their choice. I guess they’re having a difficult time unwinding these illiquid investments.

How about this? Throwing this out there, okay? Throwing this out there. You’re gonna eliminate the tax exempt status on universities. Why not? Why not say all of the, I don’t know, all of the taxes that are collected on these universities, and make no bones about it. Make no bones about it. You’re gonna see schools go under.

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You’re gonna see, we’ve already been seeing schools have to close up shop, can’t afford anymore. The taxes that they collect, maybe use that to pay down the student loan balance. Throwing it out there.

Throwing it out there. Again, maybe use some of the money. Again, they’re obviously printing money when it comes to sports. They’re able to pay student athletes millions of dollars a year. Maybe you have to take a percentage of their athletic revenue, basketball and football, and it has to go towards paying down these student loans. I don’t know what to tell you, but these numbers are bad.

bad and you think that these people are these kids that are graduating they can’t find themselves a job I’m telling you this is everywhere okay this is wall street this I mean here there and everywhere okay they ain’t hiring

They’re not hiring at this point in time. These kids are going to be frustrated to say the least. It is going to be a problem moving forward. And again, I’m going to say it again. Okay. You have a better chance of getting a job with a community college vocational school degree than a four year degree and or.

A graduate degree.

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