Category → economy
Which do you want to hear first, the good news or the bad news?
The bad news, you say?
Okay, here it is. The bad news—wait for it—is that there is no good news. Cue the trombone.
Last week, there was an appearance of even more articles focused on how badly the Great Recession has hurt new college graduates, at all levels. The scope of this phenomenon appears to extend beyond science, and beyond North America or the EU. What follows is a quick overview of three articles on various aspects of this topic.
A devalued bachelor’s degree
First, there’s the provocatively titled “It Takes a B.A. to Find a Job as a File Clerk,” a New York Times article by Catherine Rampell. The opening statement provides a startling and depressing premise:
The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job.
An Atlanta law office is presented as a microcosm of what’s being seen more broadly. At this firm, the minimum prerequisite for employment, regardless of position, is a bachelor’s degree. This includes office administrators, file clerks and even their in-office courier.
Evidence is provided that this situation is not unique to this one law firm:
Economists have referred to this phenomenon as “degree inflation,” and it has been steadily infiltrating America’s job market. Across industries and geographic areas, many other jobs that didn’t used to require a diploma — positions like dental hygienists, cargo agents, clerks and claims adjusters — are increasingly requiring one, according to Burning Glass, a company that analyzes job ads from more than 20,000 online sources, including major job boards and small- to midsize-employer sites.
The shortage of scientists is nonexistent
Returning to the sciences—in spite of the data supporting the premise of a glut of newly graduated scientists, there has been chatter bemoaning the opposite.