Ill Considered Policies in Action

[kandrathe]

Good point on contemporary job market issues.  One's experience is a perishable commodity at times. 

In the 1970's, in America, the legions of underemployed college graduates, to include doctorate and masters holders, was a byword.  The "PhD waiter in New York" or "the mechanic with a masters degree" was not as rare as one might think.  However, when "everyone can get a bachelors degree," the degree itself holds less value than when it was rare.

I guess it goes in cycles.  Or, it used to.  Seems the cycles are losing air in their tires these days.

Occhi
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Many of my college mates are underemployed. They pursued education in areas that were in decline or glutted with talent. The ones that retrained themselves with additonal schooling did better, and this time paid attention to market demand. For instance, one guy I know has a masters degree in computer science but was struggling to find interesting work, so he went back to university and aquired a Phd in molecular biology and now works as a bioinformaticist and is in high demand.