Recent black college grads ages 22 to 27 have an unemployment rate of 12.4 percent, more than double the 5.6 percent unemployed among all college grads in that demographic and almost a threefold increase from the 2007 level of 4.6 percent, before the Great Recession took its toll on the U.S. economy. More than half of black graduates, 55.9 percent, are underemployed.
Even for those who enter the science, technology, engineering and math (STEM) fields, areas where grads are the most needed and paid the highest, African-Americans still have a 10 percent unemployment rate and a 32 percent underemployment rate.
The study’s authors blame racism, a faltering economy and an unequal playing field.
- Me:This older generation pisses me off so much
- Me:Because when I was growing up, we were forcefed the idea that if we didn't want to be 'flipping burgers at McDonalds,' then we'd better go to college.
- Me:And now we've all gone to college, have degrees, can't get a damn job, and the same people that told us to go to college call us entitled assholes because we refuse to flip burgers
“In 1979, when the minimum wage was $2.90, a hard-working student with a minimum-wage job could earn enough in one day (8.44 hours) to pay for one academic credit hour. If a standard course load for one semester consisted of maybe 12 credit hours, the semester’s tuition could be covered by just over two weeks of full-time minimum wage work—or a month of part-time work. A summer spent scooping ice cream or flipping burgers could pay for an MSU education. The cost of an MSU credit hour has multiplied since 1979. So has the federal minimum wage. But today, it takes 60 hours of minimum-wage work to pay off a single credit hour, which was priced at $428.75 for the fall semester.”
Maybe so many college commencement speakers wouldn’t be dis-invited due to student protest if college administrators would just stop inviting war criminals, bigots, and corporate hacks to speak at commencements in the first place. Maybe if students had more of a democratic say over which speakers will address them as they graduate, we could avoid all of this dis-invitation business.
It’s simple - invest in billionaires, or invest in students.
Condoleeza Rice backs out of Rutgers speech over student protests
May 3, 2014
Condoleezza Rice, former Secretary of State under President George W. Bush, was set to tell graduating Rutgers University students how bright their futures are at the school’s commencement ceremony this month. But not everyone was so thrilled about getting sent off into the Real World by one of the key players in the Iraq War, and protests abounded—now, Rice has decided to turn down the invitation.
Apparently, after Rice was announced as the key speaker at the ceremony on May 18th, students and faculty members rallied to get the administration to rescind her invite. On Monday, proving millennials have a little more mettle than they’re given credit for, students orchestrated a 50 person sit-in outside University President Robert Barchi’s office, boasting signs with anti-war slogans like “No honors for war criminals,” “War criminals out” and “RU 4 Humanity?”
Today, Rice announced she would no longer be speaking at the school. “Commencement should be a time of joyous celebration for the graduates and their families,” she said in a statement. “Rutgers’ invitation to me to speak has become a distraction for the university community at this very special time.”
She was set to receive $35K for the speech.
No tolerance for war criminals! Good job Rutgers students!