Of all those who have graduated college since 2006, only 51 percent have a full-time job, according to a new study by Rutgers University. Eleven percent are unemployed or not working at all.
The situation is even more dire for those who have graduated since 2009. Fewer than half of college graduates from those years found their first job within 12 months of graduating, much less than the 73 percent of those who graduated from 2006 to 2008.
Those who graduated since 2009 are three times more likely to not have found a full-time job than those from the classes of 2006 through 2008.
“The resilience of this year’s and recent college graduates are being tested,” said Carl Van Horn, a professor who directs Rutgers’ Heldrich Center and a co-author of the study.
“Students who graduated during the past several years are facing historic obstacles in achieving the foundations of the American dream.”
Graduates since 2009 have earned an average starting salary of $27,000, down from $30,000 for the classes of 2006 and 2007. That’s because employers can pay less with a surplus of job-seekers. In addition, many recent graduates take jobs below their skill level. The study found that 43 percent of employed recent graduates said their jobs do not require a college degree.
55 percent graduate with student loan debt averaging $20,000, according to the study. One in four recent graduates with student loan debt have made no progress paying it off.
The downturn in the economy can be ascribed to a number of factors, all of which have been artificially created and which could be solved if there were not idiotic criminals in charge of the US economy and government.
The first issue, and possibly the most important, is the deindustrialization of America. The constant exportation of jobs and manufacturing to China, Central America and elsewhere is destroying the US’s manufacturing base—and any nation which does not produce anything and only consumes, is destined to economic failure.
The consumer goods from China may be “cheap” but if the “consumers” have insufficient disposable income to purchase those items, the whole system will collapse in itself.
The second issue is the size of the ever-growing state and social payments system. This requires an ever-larger government spend (the White House recently boasted that this year’s distribution of food stamps was the largest ever in American history) but is drawn off a decreasing tax base (caused by the deindustrialization mentioned above).
The third is the massive waste of the nation’s resources on foreign wars which serve no-one’s interests except Israel’s. A recent report revealed that the entire U.S. Defense spend for 2012 amounts to some $1.2 trillion, or approximately one-third of the entire budget.
If the US defense policy was just focused on protecting America’s borders, the budget could be cut by 75% without impairing the safety of the United States from foreign attack.
Finally, the enormous amounts handed out in foreign aid, especially to Israel ($3.1 billion in direct aid, plus billions more in other aid) should be spent on rebuilding America’s infrastructure which could support the regeneration of the “American Dream.”
However, as long as the Zionist-controlled parasites run Washington DC, the destruction of America will continue.
