Wintery Knight

…integrating Christian faith and knowledge in the public square

Despite record youth unemployment, young people support Obama 52-27

Labor Force Participation 2012 (click for larger image)

Labor Force Participation 2012 (click for larger image)

From Breitbart.

Excerpt:

Even as unemployment among college graduates remains stuck above the national average at 9.3 percent, a Reuters/Ipsos poll of four-year college graduates finds that President Barack Obama leads his Republican challenger Mitt Romney 52 percent to 27 percent.

The poll’s findings are especially surprising given reports last month that, for the first time in American history, unemployment for college graduates eclipsed that of high school graduates.   As Jed Graham of Investor’s Business Daily reported, “Out of 9 million unemployed in April, 4.7 million had gone to college or graduated and 4.3 million had not, seasonally adjusted Labor Department data show.”

Still, some unemployed college graduates say they are sticking with Mr. Obama in 2012: “I was really excited when Obama won,” said Joe Zmudczynski, a 2011 graduate of Michigan’s Ferris State University who now lives at home with his parents. “He’s still my favorite. It’s not like you can snap your fingers and everything gets better.”

Leftist PBS explains:

Returning to the nest with mom and dad after college and even into the thirties is becoming increasingly more common, but also less stigmatized. Young adults who live with their folks are cheerful, upbeat even, about their choice.

That’s the finding of a new Pew report, released Thursday morning. Three in 10 young adults (aged 25 to 34) say they’ve lived at home recently during the down economy, and 78 percent said they were satisfied doing so. Another 77 percent said they were optimistic about their future finances.

The number of young adults living in a multi-generational household — which can be any combination of grandparents, parents and adult children — saw a steep uptick during the recent recession, after being on the rise since 1980, said Kim Parker, the study’s lead author and a senior researcher with Pew’s Social & Demographic Trends Project. Historically, such high rates of moving back home haven’t been seen since the late 1940s.

Here’s an Associated Press piece on Yahoo News:

The college class of 2012 is in for a rude welcome to the world of work.

A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge.

Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that’s confounding their hopes a degree would pay off despite higher tuition and mounting student loans.

[...]Taking underemployment into consideration, the job prospects for bachelor’s degree holders fell last year to the lowest level in more than a decade.

[...]The figures are based on an analysis of 2011 Current Population Survey data by Northeastern University researchers and supplemented with material from Paul Harrington, an economist at Drexel University, and the Economic Policy Institute, a Washington think tank. They rely on Labor Department assessments of the level of education required to do the job in 900-plus U.S. occupations, which were used to calculate the shares of young adults with bachelor’s degrees who were “underemployed.”

About 1.5 million, or 53.6 percent, of bachelor’s degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years. In 2000, the share was at a low of 41 percent, before the dot-com bust erased job gains for college graduates in the telecommunications and IT fields.

Out of the 1.5 million who languished in the job market, about half were underemployed, an increase from the previous year.

The EPI is a left-wing think tank.

As if this were not bad enough, remember that the secular socialists have run the national debt up from 8 trillion to 16 trillion since taking over the House and Senate in January 2007. Labor union bailouts, green energy payoffs to Democrat fundraises, health care takeovers, and massive welfare spending, have to be paid back. Who is going to pay all of this back? Students with degrees in feminist studies and peace studies? And yet, incredibly, the government-run public school system and the universities have brainwashed these young fools into voting for their own dependence and enslavement. That’s what secularism and leftism offers young people: the road to serfdom.

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1 in 2 new graduates are jobless or underemployed

From CNS News.

Excerpt:

 The college class of 2012 is in for a rude welcome to the world of work.

A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge.

Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that’s confounding their hopes a degree would pay off despite higher tuition and mounting student loans.

An analysis of government data conducted for The Associated Press lays bare the highly uneven prospects for holders of bachelor’s degrees.

Opportunities for college graduates vary widely.

While there’s strong demand in science, education and health fields, arts and humanities flounder. Median wages for those with bachelor’s degrees are down from 2000, hit by technological changes that are eliminating midlevel jobs such as bank tellers. Most future job openings are projected to be in lower-skilled positions such as home health aides, who can provide personalized attention as the U.S. population ages.

Taking underemployment into consideration, the job prospects for bachelor’s degree holders fell last year to the lowest level in more than a decade.

[...]You can make more money on average if you go to college, but it’s not true for everybody,” says Harvard economist Richard Freeman, noting the growing risk of a debt bubble with total U.S. student loan debt surpassing $1 trillion. “If you’re not sure what you’re going to be doing, it probably bodes well to take some job, if you can get one, and get a sense first of what you want from college.”

Andrew Sum, director of the Center for Labor Market Studies at Northeastern University who analyzed the numbers, said many people with a bachelor’s degree face a double whammy of rising tuition and poor job outcomes. “Simply put, we’re failing kids coming out of college,” he said, emphasizing that when it comes to jobs, a college major can make all the difference. “We’re going to need a lot better job growth and connections to the labor market, otherwise college debt will grow.”

That bit about getting a job so you know what you need to study. It’s important to get a job – any job – so that you understand what you are supposed to be learning in high school and college – what employers want! The next most important thing is to have a career mentor – someone to steer you away from subjects like English and ballet and into engineering and science. A trade school is another good choice: nursing or electrical wiring or something like that. Something valuable that employers need – that should be the deciding factor – what employers want you to do for them. Here’s a page listing degrees and expected incomes. Engineering, medicine and computer science are the three best fields.

I am still trying to puzzle out why young people vote for Democrats so much. I think that they have been brainwashed to think that making moral judgments is wrong, so they keep voting against Republicans who pro-life, pro-marriage, pro-family and pro-personal responsibility. That’s what teachers tell them in school – don’t have any moral standards, don’t make any moral judgments, let the government spend your money for you to be more “fair”, etc. So young people vote for Democrats. But voting for Democrats doesn’t just weaken the social fabric, it also wrecks the economy. Who do young people expect to work for when they keep voting to bash corporations all the time? Corporations hire young people. It seems stupid to vote against the people who want to pay you to do work.

Now that I think about it, it might be a good idea for social conservatives to be ready to make a case for free market capitalism and limited government, using evidence like this that shows how socialism fails to create economic growth and jobs. Even if people vote for conservatism based on fiscal concerns or foreign policy concerns, it’s still going to be helpful to social conservatives. We need to be like Paul and be able to speak intelligently to any audience on a wider variety of topics. Also, I think it helps social conservatives to be seen as competent in areas outside of social conservatism – it’s important to have a well-rounded worldview in order to not be perceived as being narrow-minded and ideologically motivated.

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