Ouch! And that is when we are yet to see the full impact of impending massive immigration of cheap labor from Latin America, spread of free online education, and more visas for high tech workers. The Times is reporting that a college degree is now a must for jobs that typically were done by high school graduates. They cite the example Atlanta, GA law firm Busch, Slipakoff & Schuh which has hired newly minted college grads for jobs like filing clerks, receptionist, paralegals, administrative assistants. etc. arguing that they are much more motivated, talented, and smarter. Job creator (I love this funny term) Adam Slipakoff, the firm’s managing partner proudly proclaims, “Going to college means they are making a real commitment to their futures. They’re not just looking for a paycheck.” I guess the only winners in this are universities that keep charging ridiculous sums for college diplomas. I don't see how the college graduates benefit and it could be a disaster for high school graduates. The only good news is that unlike China where snobbish college graduates would rather be unemployed than take a low-end job, we Americans are more flexible and will figure out a way to make the best of it.
My Life In Bits And Pieces in Massachusetts.