Wednesday, June 6, 2012
There is a heartbreaking report out this morning from some social scientists at Rutgers university that presents results from a survey of recent US high-school grads who have not gone to college.
The above graph summarizes the main point - for the population that graduated post-recession (the right column), only a little over 20% are being paid for something full time (either employment, self-employment, or in the military - the green bars). Another slightly over 20% are working part-time (blue bars), and the rest are not doing any paid work (red/pink bars). For the immediate pre-recession population, things are better, though hardly good.
Of those who do have jobs, very few feel that they are on any kind of a path to a good future:
And, by and large, these jobs suck - only a small minority are very satisfied and a majority are not even somewhat satisfied with any aspect of their jobs:
In terms of why these individuals didn't go onto college; in most cases, they had hoped to:
but economics didn't permit:
The sheer waste of human potential here is staggering.