The next bail out? If there are enough people to get votes from they can just change the law for student loan payments. Ten cents on the dollar... Whatever... Who does that hurt? These poor kids deserve a free or almost free education!

You're jokin', right?

To be serious, I have put money in a bank, they loaned out to a student for his education. So, I lose 90 cents of each dollar I put in the bank?

I don't think so,

GF

Yes, he is joking, some of us need sarc tags and some don't.

The rest of you guys can rant at boggy men, but Pielut has nailed the problem. I have kids 22 and 25, and the only friends of theirs that have found real work are the engineering majors. Everyone else is working at jobs well below what their majors would imply -- and these are not stupid kids.

Here is what the rest of the country is just starting to figure out. When you outsource the semi-skilled labor the middle level management and related white collar jobs also go away. And then no one can buy Mr. Ford's cars.

The amazing discovery that actions do have consequences. At least for some of us. No bogey men, it is all out there in black and white, writ large for those with poor vision.

Whoda thunk.

But wait, there is more:http://www.zerohedge.com/news/2013-0...l-wrong-places

Not stupid, but perhaps naive. A college education is not the ticket to a $50-75K/year job it was (in relative money) in the '60s and 70s. There are no guarantees in life, nobody is going to give you anything, and if you want something, you have to work for it.

I'm not saying there aren't repercussions for outsourcing. I'm saying that we've sold our kids on the notion that they have to have a college degree to set themselves apart so they can get a good job. Well, when everyone has a college degree, it ceases to be important.

This isn't one thing, it's everything. It's all interwoven and connected - there are consequences for more than just outsourcing.

So what career avice do you give a 16 year old? It is fine to say that there are no guarantees, which is true, but we ought to be able to tell them that there is oppertunity. And right now there is not a lot of the latter. From teaching to law to business you find former high performing students stocking shelves.

And for the record my kids are fine, but their generation as a a whole is in deep trouble that is not of their making.

See if they may be interested in learning a trade. I have a friend I grew up with that did not have the money for college and became an electrical apprentice. He is now a union electrician making a very solid $80-100K a year. He paid some dues but he said it was worth it. The trades need new workers. We are quickly approaching the undergrad degree being worthless. With a trade position you actually learn skills you can use for a lifetime.

7 Industries that need workers
 

Look at #1

Skilled Trades usually pay while you learn, no massive life crushing student loan needed.

7 Industries in Need of Workers Now | CareerPath.com

My father was a plumber, and I have encouraged kids to look at the trades from time to time. This country would be better off if the trades were valued instead of looked down upon.

However they are very sensative to the economy. The good years are great, but there are a lot of years that include 1/2 days and layoffs. And then you have the retirement problem -- Washington wants to raise the retirement age to 70+, which is fine for a congresscritter but not so great for someone in construction.