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Monday, February 14, 2011

Is dropping out such a bad thing?

As is commonly the case, it depends on the circumstances.


Unemployment rate in Cleveland, OH MSA.Image via Wikipedia
Related source » U.S.' Least, Most Educated Most Likely to Find Jobs in 2010
Those with some college fared worst
[This related source is recommended in its entirety.]
“PRINCETON, NJ -- Unemployment improved the most between January 2010 and January 2011 among Americans with a high school education or less, declining to 13.6% from 15.4%, and among those with postgraduate work, declining to 3.8% from 5.0%. […] The data also suggest there are benefits associated with completing college. The unemployment rate of 5.8% among college grads is much lower than the 10.9% among those with some college. And unemployment among college grads improved slightly over the past year, while staying flat among those with some college. […] Those with a high school education or less and those with postgraduate work saw their underemployment rates decline the most. On the other hand, underemployment increased for those with some college, to 21.9% in 2011 from 20.9% in 2010.”
— by Dennis Jacobe, Chief Economist, February 14, 2011 (gallup.com)

The above excerpted Gallup findings caught my eye, and not just because they support the conventional wisdom that, "Education [Is] Key to Addressing Unemployment Challenges," as Gallup framed it. I was, however, particularly struck by the less obvious implication that dropping out of college is more significant in terms of worsening un- and under-employment prospects than even dropping out of high school!

Upon further consideration, however, a possible explanation can be deduced. I suspect that many jobs, which people with only a high-school diploma (or less) are willing to accept, can be adequately performed with only a negligible dependence on what is or isn't learned in high school. Moreover, such jobs are not likely to be acceptable to people who attempted college.

Whatever, dude. In America anything is possible. Take The Obama (Please!). He claims to have degrees from Columbia and Harvard Universities, though no corroborating evidence is available. Nevertheless, He became POTUS! Such an accomplishment has already entitled him to a Nobel Peace prize. Moreover, He is a shoe-in to make it into Ripley's Believe It or Not!

Such a country ...

Post 1,566 Dropping Out
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