The Great Recession is still going strong, and college graduates are paying the price for a government corrupted by the money of the 1 percent and hell-bent on redistributing more and more income and wealth from the 99 to the 1 percent. According to a recent study by the Economic Policy Institute:
“The Great Recession and its aftermath have destroyed job opportunities for workers of all ages, but young workers have been hit particularly hard. Due to weak job opportunities, the labor force participation of people under age 25 has dropped substantially over the last five years—much more than would be expected given their long-run trend. However, these “missing” young workers are not “sheltering in school,” as is often claimed. This week’s Economic Snapshot shows college and university enrollment has continued to grow at roughly its long-run pace for both men and women. This suggests that essentially any student who has had the resources to shelter in school from the labor market effects of the Great Recession has been offset by someone who has been forced to drop out of school, or never enter, either because a lack of work meant they could not afford to attend or because their parents were unable to help them pay for school due to their own income or wealth losses stemming from the Great Recession.”
By some estimates, 50 percent of recent college graduates are unemployed or underemployed more than a year after they graduate.
