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Thread: chart of the week - US unemployment rates versus level of education

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    Banned Melonie's Avatar
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    Default chart of the week - US unemployment rates versus level of education

    from

    (snip)"UPDATE: According to the Census Bureau, in 2008 of the 25 years and under workers:


    •13.4% had less than a high school diploma.

    •31.2% were high school graduates, no college.

    •26.0% had some college or associate degree.

    •29.4% had a college degree or higher.





    This graph shows the unemployment rate by four levels of education (all groups are 25 years and older).

    Note that the unemployment rate increased sharply for all four categories in 2008 and into 2009.

    Unfortunately this data only goes back to 1992 and only includes one previous recession (the stock / tech bust in 2001). Clearly education matters with regards to the unemployment rate - but education didn't seem to matter as far as the recovery rate in unemployment following the 2001 recession. All four groups recovered slowly.

    The recovery rates following the great recession might be different than following the 2001 recession. I'd expect the unemployment rate to fall faster for workers with higher levels of education, since their skills are more transferable, than for workers with less education. I’d also expect the unemployment rate for workers with lower levels of education to stay elevated longer in this “recovery” because there is no building boom this time. Just a guess and it isn't happening so far ... currently the unemployment rate for the highest educated group is still increasing."(snip)


    Two interesting take-aways ...

    - the unemployment rate difference between those with a high school education and those with 'some college' / associates degree is essentially insignificant ( ~ 1%).

    - while the unemployment rate for those with bachelors' degrees is significantly lower than the less educated unemployed, this unemployment rate is still rising.

    Two speculations to explain these facts ...

    - employers already had a strong incentive to automate / outsource semi-skilled US labor, thus the unemployment rates for those with both a high school education and 'some college' / associates degrees were affected early by automation / outsourcing efforts. As certain aspects of economic activity increase, and as automation / outsourcing has already taken place to a significant degree, the unemployment rates of US high school graduates and 'some college' / associates degree holders appears to be stabilizing.

    - it has only been very recently that the outsourcing of services requiring a bachelor's degree ( i.e. architecture, engineering, legal, medical support) have become practical. Thus the unemployment rates of bachelors' degree holding US unemployed has failed to stabilize.
    Last edited by Melonie; 03-08-2010 at 10:48 AM.

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    Banned Eric Stoner's Avatar
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    Default Re: chart of the week - US unemployment rates versus level of education

    There is some even more troubling data in the latest unemployment statistics. Men are being hit much harder than women. This has social costs that will be felt by families for at least a generation. More men aged 18-30 are continuing to live at home with their parents. Women are dominating college admissions, medicine, law and doctoral programs.

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    Default Re: chart of the week - US unemployment rates versus level of education

    Feminism wins! I hope they like their prize LOL

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    Default Re: chart of the week - US unemployment rates versus level of education

    Quote Originally Posted by Eric Stoner View Post
    There is some even more troubling data in the latest unemployment statistics. Men are being hit much harder than women. This has social costs that will be felt by families for at least a generation. More men aged 18-30 are continuing to live at home with their parents. Women are dominating college admissions, medicine, law and doctoral programs.
    But if women are going to college, then shouldn't they make more money than guys who aren't? If men are bothered, then they could go back to college too. I certainly don't think women should only be admitted to college because they are women, but because they are the most qualified. I think many men dislike this because it means women are gaining power, which means less guys can be dominant in life.

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    Default Re: chart of the week - US unemployment rates versus level of education

    ^^^ More like women prefer powerful wealthy men and many are being edged out of that category.

    My sister has multiple college degrees, big tits, and is well traveled and intelligent. Always complains she cannot find a man to suit her. I tell her "When you are in the upper ten percent, you might have to look at downgrading a little. There are only so many people in the world."

    Reminds me of that Seinfeld episode where Elaine dates "below" her.

    Anyhow, coming back around in a circle - the industry should be prepared for less monied men as customers.

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    Default Re: chart of the week - US unemployment rates versus level of education

    Quote Originally Posted by Deogol View Post
    ^^^ More like women prefer powerful wealthy men and many are being edged out of that category.

    My sister has multiple college degrees, big tits, and is well traveled and intelligent. Always complains she cannot find a man to suit her. I tell her "When you are in the upper ten percent, you might have to look at downgrading a little. There are only so many people in the world."

    Reminds me of that Seinfeld episode where Elaine dates "below" her.

    Anyhow, coming back around in a circle - the industry should be prepared for less monied men as customers.
    After I posted that, I had a feeling of what you just mentioned. I think the problem is that many women want to make great money, but expect the guy to make even more. I know women like that. Plus, traditionally women looked for a guy who made great money whereas a guy looked for a hot girl. Personally, I don't care how much a guy makes for dating. The guy I currently like doesn't make much and I'm not bothered by that at all. I'll probably be the one making the most money and doesn't bother me in the slighest.

    The less monied men as customers is another aspect that could affect dancers. I know my heyday was during a better economy where there was many monied men. Now of course this means guys paying less and expecting more.

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    Banned Melonie's Avatar
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    Default Re: chart of the week - US unemployment rates versus level of education

    I think many men dislike this because it means women are gaining power, which means less guys can be dominant in life.
    I won't argue that point. However, I will make a DIFFERENT point about corporate statistics re female employees in upper echelon positions. In general ...

    - women are not willing to work as many hours per week as their male counterparts ( i.e. ballpark of 50 hours versus 60+ hours).

    - women often interrupt their career path for months or years due to pregnancy / family, whereas their male counterparts take a few days vacation.


    Anyhow, coming back around in a circle - the industry should be prepared for less monied men as customers.
    indeed an important point. And while ultra upscale clubs in big cities will probably not see a significant decline in customers owing to the fact that some customers are actually male 'foreigners', this trend will indeed affect 'middle of the road' clubs / suburban clubs etc.

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    Default Re: chart of the week - US unemployment rates versus level of education

    1. The problem is NOT that women are going to college. The problem is that American men are not.
    2. How many female customers do you see in your clubs ? How many buy lap-dances and VIP's ?
    3. If male earning power continues to decline, what do you think that means for the skin biz ?
    4. What impact do you think this will have on families ?

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