Unemployable college grads blame capitalism, but the real culprit is higher-ed subsidies
By Allysia Finley. Excerpts:
"As of October 2024, 30.4% of 20- to 29-year-olds who had earned bachelor’s degrees that year weren’t working, compared with 21.9% for those who had earned associate degrees during the same period, according to the Bureau of Labor Statistics."
"Young adults with lesser pedigrees . . . will deliver packages for Amazon or man a supermarket cash register to pay their bills."
"Recent college grads view such drudgery as beneath them and think employers are too demanding."
"recent Harvard report found that A’s account for about 60% of grades, compared with 25% two decades ago. Some 80% of grades awarded at Yale in 2023 were A’s or A-minuses."
"Parents and students who pay $80,000 a year expect high marks in return."
"employers are figuring out high GPAs aren’t a reliable indicator of merit. Even Ivy League schools are starting to worry that their top students are becoming a dime a dozen in the labor market."
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