This is the other side of the “higher education bubble” and some of the dramatic moves in online education that I’ve been writing and blogging about.
Of course, these college grads without jobs are dependent on…guess who.
Which is why the Boomers have such a stake in the college education topic. Make no mistake, the pieces are interconnected: expensive college education that doesn’t prepare you for the workplace = unemployed grad still on parents’ payroll = pressure to reduce education costs (if you can’t get a job anyway, why pay so much tuition) = pressure to change the education system (particularly the content)…and so round and round we go.
For an idea as to why so many grads are unemployed, check my Q&A with Professor Kenneth Coates, in Beyond Age Rage.
Boomers must pay attention to what’s happening here – and be ready to step up with ideas, and influence. (Think about whether those alma mater donations shouldn’t be accompanied by some tough questioning.)