All Posts Tagged With: "unemployment"

College Is A Bad Investment

To the baby boom generation, a college degree was almost a mystical amulet, and just possessing it meant that your life would be improved in mystical ways. Thus, a college degree was something to be quested for, like a hero from Greek or Norse mythology.

Unfortunately, college is a horrible investment. Actually, I need to amend that; nothing is a horrible investment in-and-of itself. This is true for stocks and bonds, houses, and even college. Overpaying for these things – defined as paying more than is reasonable compared to the returns – makes them bad investments, and if you are attending a four-year college, you are almost certainly overpaying.

The United States has more unemployed college graduates right now than we have ever had before. …


The President’s Employment Problem

bored-tv-watchingPresident Obama has a huge problem:  jobs.  As in, lack of them.  As in, not creating any.  He promised them on the campaign trail, and he promised them as part of the $1.2 trillion stimulus package he signed a year ago.

After one year in office, with a huge majority in Congress, he has accomplished remarkably little, which is a relief to a Conservative.  He has spent an inordinate amout of time, resources and energy wrangling over socialized medicine and cap and trade, and the unemployment remains stubbornly high.

Tomorrow, employment data will be released for January.  Weekly initial jobless claims for unemployment insurance has been running about 470,000, and this week the number hit 480,000.  The employment sector will not grow until initial jobless …


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