The Depreciating Value of College Degrees
Everyone is in a hole right now and with the growing rate of unemployment seemingly disturbing, it may seem that a diploma is slowly becoming just another piece of paper. Students taking up certain studies seem to be studying certain fields for nothing these days, a point to which it looks like they have nothing to look forward to unless a dramatic turnaround in the economy starts to shape up.
All these circumstance about the worsening financial situation has resulted in an overflow of manpower. Graduates are piling up but the job openings are declining with each passing day. Unlike before when a newly grad with honors had the luxury of selecting the best jobs in the market, the same cannot be said today. The important thing right now is to secure a job and make sure that they are earning a living to feed them and their families. Sadly, the value of matching proper courses with the actual job they want has become a forgotten thing of the past.
Landing a suitable job has come close to nil. Some are lucky enough to find a job with satisfactory compensation. If this is the dilemma that most newly grad students have to worry about, one can just imagine the predicament of people clinging on to their jobs to avoid being laid off. It is in this area that these people have a harder time to adjust considering they already have an established routine as far as balancing revenue and expenses to avoid being drawn into the debt trap which many find themselves in right now.
With that said, the businesses world is in quite a bind. Unemployment rates are rising and the time element is essential as far as earning a living is concerned. Each day it seems that more people are losing their jobs as companies try to combat the economic bug through downsizing and efficient operations. The casualties are growing and the manpower market overflowing. In short, the human resource mix is steadily tilting to an overflow of talent, making most professionals dispensable as recession creeps into business at one point or the other.
With all these said, a rookie in the career building path seems like a boy set out in the wild. Carrying a diploma no longer guarantees you a sane blue-collar job. Perhaps in time the world will get over this fiscal crisis. However, the question of when is certainly something that no one can answer for now.
Hence the best thing to do right now is be patient and continue searching. The choices are limited at the moment and as the economic recession shifts into high gear, expect the worst to come and run for cover. We may be well-educated, but the thing is, you just have to make do with what is left for you to grab right now in the modern day world.
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