Tuesday, May 22, 2018
Opinion

On jobs, grads are glad

This chart, based on jobs numbers released last week, shows that there are fewer jobs now for people with a high school degree or less — and that nearly all of the job gains since December 2007 have gone to workers with at least some college. Two writers interpret that news.

Source: Bureau of Labor Statistics, via Haver Analytics

How to read this chart: It starts with a baseline of 100 in December 2007. College graduates are now at 109, which means that for every 100 jobs held by college graduates back then, there are 109 graduates working now. Conversely, for every 100 jobs held by workers with only a high school diploma in 2007, there are only 91 such workers now.

At the Atlantic, Matthew O'Brien writes:

As you can see in the chart of workers 25 and older, college grads are the only group that has net added jobs in the past 5½ years. Here's the story of our polarized labor market in two acts. During the recession, college graduates didn't lose many jobs, while everyone else did. But during the recovery, college grads have gained the most jobs, while everyone else mostly hasn't. Look at the bottom two lines again. People without any postsecondary education not only got hit hardest during the downturn, but have also gotten hit during the upturn. In other words, they have even lost jobs during the recovery. Remember that the next time a college grad tells you college isn't worth it anymore. (Read more at tinyurl.com/tbtimes-collegejobs1.)

At the New York Times, Catherine Rampell writes:

Of course, just because college graduates have jobs doesn't mean they have "good" jobs. There is ample evidence that employers are hiring college-educated workers to perform jobs that don't actually require college-level skills — positions like receptionists, file clerks, waitresses and car rental agents. This form of underemployment might be one reason why we see so much growth in employment among college graduates despite the fact that the bulk of the jobs created in the last few years have been low-wage and low-skilled. Clearly positions in retail and food services are not the best use of the hard-earned (and expensive!) skills of college-educated workers. But at least those graduates are finding work and income of some kind, unlike their less-educated peers. And as the economy improves, college graduates will be better situated to find promotions to jobs that do use their more advanced skills and that pay better wages. (Read more at tinyurl.com/tbtimes-collegejobs2.)

Comments
Editorial: Candor key step to restoring trust at Johns Hopkins All Children’s Heart Institute

Editorial: Candor key step to restoring trust at Johns Hopkins All Children’s Heart Institute

Johns Hopkins All Children’s Hospital has begun the important work of rebuilding trust with its patients and the community following revelations of medical errors and other problems at its Heart Institute. CEO Dr. Jonathan Ellen candidly acknowledges...
Updated: 1 hour ago
Editorial: Tampa Bay House members fail to stand up to Big Sugar

Editorial: Tampa Bay House members fail to stand up to Big Sugar

Big Sugar remains king in Florida. Just three of the state’s 27 House members voted for an amendment to the farm bill late Thursday that would have started unwinding the needless government supports for sugar that gouge taxpayers. Predictably, the am...
Published: 05/18/18
Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Florida Attorney General Pam Bondi’s lawsuit against the nation’s largest drug makers and distributors marks a moment of awakening in the state’s battle to recover from the opioid crisis. In blunt, forceful language, Bondi accuses these companies of ...
Published: 05/18/18
Editorial: A sweet note for the Florida Orchestra’s violin program for at-risk kids

Editorial: A sweet note for the Florida Orchestra’s violin program for at-risk kids

This is music to the ears. Members of the Florida Orchestra will introduce at-risk students to the violin this summer at some Hillsborough recreation centers. For free.An $80,000 grant to the University Area Community Development Corp. will pay for s...
Published: 05/17/18
Updated: 05/18/18
Trump backs off China tariff threat as China pumps money into a Trump family project

Trump backs off China tariff threat as China pumps money into a Trump family project

In barely six weeks, President Donald Trump has gone from threatening to impose $150 billion in tariffs on Chinese goods to extending a lifeline to ZTE, a Chinese cell phone company that violated U.S. sanctions by doing business with Iran and North K...
Published: 05/17/18
Editorial: Activism as seniors helps put Hillsborough graduates on the right path

Editorial: Activism as seniors helps put Hillsborough graduates on the right path

Lots of teenagers are walking together this week in Hillsborough County, a practice they’ve grown accustomed to during this remarkable school year.We can only hope they keep walking for the rest of their lives.Tens of thousands of them this week are ...
Published: 05/17/18
Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Editorial: Bondi holds drug industry accountable for Florida opioid crisis

Florida Attorney General Pam Bondi’s lawsuit against the nation’s largest drug makers and distributors marks a moment of awakening in the state’s battle to recover from the opioid crisis. In blunt, forceful language, Bondi accuses these companies of ...
Published: 05/16/18
Updated: 05/18/18
Editorial: Johns Hopkins All Children’s should be more open about mistakes

Editorial: Johns Hopkins All Children’s should be more open about mistakes

A state investigation raises even more concern about medical errors at Johns Hopkins All Children’s Hospital and the venerable St. Petersburg institution’s lack of candor to the community. Regulators have determined the hospital broke Florida law by ...
Published: 05/16/18
Updated: 05/17/18
Editorial: St. Petersburg recycling worth the effort despite cost issues

Editorial: St. Petersburg recycling worth the effort despite cost issues

St. Petersburg’s 3-year-old recycling program has reached an undesirable tipping point, with operating costs exceeding the income from selling the recyclable materials. The shift is driven by falling commodity prices and new policies in China that cu...
Published: 05/15/18
Updated: 05/18/18
Editorial: HUD’s flawed plan to raise rents on poor people

Editorial: HUD’s flawed plan to raise rents on poor people

Housing Secretary Ben Carson has a surefire way to reduce the waiting lists for public housing: Charge more to people who already live there. Hitting a family living in poverty with rent increases of $100 or more a month would force more people onto ...
Published: 05/15/18
Updated: 05/18/18