Canadian Millennials Struggle As College Degrees Don't Guarantee Jobs (www.cbc.ca)

"CBC News is reporting on how millennials are finding that education only guarantees debt, not a stable job. Not even in STEM," writes Slashdot reader BarbaraHudson, adding "The irony -- one of the teachers touting the values of further education is herself part of the gig economy." An anonymous reader summarizes the article, which reports that 33% of the engineers in Ontario are now underemployed. "I actually thought that coming out of school I would be a commodity and someone would want me," said one 21-year-old mechanical engineering graduate. "But instead, I got hit with a wall of being not wanted whatsoever in the industry." He's applied for 250 engineering jobs, resulting in four interviews, but no job offer, and he's since broadened his job search to the deli counter at the local grocery store, because "It's a job."

"More than 12% of Canadians between the ages of 15 and 24 are unemployed," reports CBC News, "and more than a quarter are underemployed, meaning they have degrees but end up in jobs that don't require them. The latest numbers from Statistics Canada show that the unemployment rate for 15-to-24-year-olds is almost twice that of the general population... A 2014 Canadian Teachers' Federation report found nearly a quarter of Canada's youth are either unemployed, working less than they want or have given up looking for work entirely."
The article also points out that the number of students enrolled in Canadian universities has more than doubled since 1980, from 800,000 to over two million.

Comments

It's all about the maple syrup

[dcooper_db9]

It's basic economics. They created a whole system to limit the supply and drive up the cost of maple syrup. What happens when the price of maple syrup goes up? The price of rum has to go up as well. Of course when the price of rum goes up your neighbourhood drunk can't afford it any more, so he switches to beer. That drives up the price of beer so the college student's can't afford it any more. So what happens when the dorm isn't properly lubricated? Sober college students study, get to bed, wake up in the morning and make to their exams on time, without a decent hangover. Now you've got all those young people passing their courses and graduating from University. How do we remedy this? You could break up the maple monopoly but there's a quicker and simpler solution. Hand out free beer.

Re:Time to do something

[JustOK]

III.V actually