Inflation adjusted wages for four year college graduates are down 5.2% from 2000 to 2004.
Keep in mind this data is from “The 2006 Economic Report of the President” - meaning his people get to decide what to release and what not to release in the report.
There was a huge boom going on in 2000, remember the tech bubble? Then remember when it burst?
That might have a teeny tiny bit to do with it. Besides - College graduates know dick, and should be paid as such until they prove otherwise.
It’s probably some evil liberal plot to create more poor people and get enough vote to be re-elected before the next ice age.
[quote]rainjack wrote:
Besides - College graduates know dick, and should be paid as such until they prove otherwise. [/quote]
Sadly, you are absolutely right…
[quote]hspder wrote:
rainjack wrote:
Besides - College graduates know dick, and should be paid as such until they prove otherwise.
Sadly, you are absolutely right…[/quote]
Work experience can not be discounted.
I worked full time for most of my college years in the industry I currently work which helped accelerate my career after graduation.
[quote]Marmadogg wrote:
Work experience can not be discounted.
I worked full time for most of my college years in the industry I currently work which helped accelerate my career after graduation.[/quote]
I did too. The exception - not the rule. I have had my fill of “college graduates” that are dumber than a stump. One put me in the hospital for a week, and nearly cost me my right hand.
[quote]rainjack wrote:
I did too. The exception - not the rule. I have had my fill of “college graduates” that are dumber than a stump. One put me in the hospital for a week, and nearly cost me my right hand. [/quote]
Holy crap, I never knew accounting was so dangerous! 
[quote]rainjack wrote:
I did too. The exception - not the rule. I have had my fill of “college graduates” that are dumber than a stump. One put me in the hospital for a week, and nearly cost me my right hand. [/quote]
Yes, I did work too – in fact, since I had no parents to pay for stuff, I really had no other option.
I would not say that working – in general – is the exception, especially not today, however most college students that do work, work in jobs that require little more than the IQ of a Chimp, and rarely have anything to do with what they then attempt to work in after they graduate. Hence the experience is pretty much irrelevant. They basically need to start from scratch.
In the end, indeed the overwhelming majority of college grads are completely inept at the jobs they apply for.
Having said that, the learning curves seem to be getting steeper while the generations seem to be getting dimmer with regards to real-life work – when I started teaching, the difference between fresh grads getting an MBA and people with 5 or 10 years of work experience was very palpable – but now, somehow, it’s actually smaller – it seems, to me, that while college grads are getting dumber each year, 5 - 10 year experienced professionals are getting even dumber.
I do fear that the culture of professional ethics and excellence is vanishing at an astonishing pace, and very soon we will have an overwhelmingly incompetent workforce. I’m doing what I personally can to reverse that erosion, but I’m just one guy and I can’t make omelets without eggs…
I’ll keep trying though.
Losing right hand… dumber than a stump… There is a joke here somewhere.
[quote]hspder wrote:
rainjack wrote:
I did too. The exception - not the rule. I have had my fill of “college graduates” that are dumber than a stump. One put me in the hospital for a week, and nearly cost me my right hand.
Yes, I did work too – in fact, since I had no parents to pay for stuff, I really had no other option.
I would not say that working – in general – is the exception, especially not today, however most college students that do work, work in jobs that require little more than the IQ of a Chimp, and rarely have anything to do with what they then attempt to work in after they graduate. Hence the experience is pretty much irrelevant. They basically need to start from scratch.
In the end, indeed the overwhelming majority of college grads are completely inept at the jobs they apply for.
Having said that, the learning curves seem to be getting steeper while the generations seem to be getting dimmer with regards to real-life work – when I started teaching, the difference between fresh grads getting an MBA and people with 5 or 10 years of work experience was very palpable – but now, somehow, it’s actually smaller – it seems, to me, that while college grads are getting dumber each year, 5 - 10 year experienced professionals are getting even dumber.
I do fear that the culture of professional ethics and excellence is vanishing at an astonishing pace, and very soon we will have an overwhelmingly incompetent workforce. I’m doing what I personally can to reverse that erosion, but I’m just one guy and I can’t make omelets without eggs…
I’ll keep trying though.[/quote]
I have only been exposed to a couple MBAs that had a clue.
The overwhelming majority of MBAs I have been exposed to are stunningly incompetent.
It is like they take stupid pills.
I am not just talking about no name schools here. I have worked with Harvard and Wharton grads. Morons.
[quote]Zap Branigan wrote:
I have only been exposed to a couple MBAs that had a clue.
The overwhelming majority of MBAs I have been exposed to are stunningly incompetent.
It is like they take stupid pills.
I am not just talking about no name schools here. I have worked with Harvard and Wharton grads. Morons.[/quote]
I know exactly what you mean. 
Especially considering your line of work (which seems to attract the dumber of the dumbest managers, for some reason).
From what I know of you, you’d probably feel differently about most Stanford MBAs, because of the entrepreneurial culture we try to instill in them… They might still be dumb, but at least they get a better attitude.
[quote]nephorm wrote:
rainjack wrote:
I did too. The exception - not the rule. I have had my fill of “college graduates” that are dumber than a stump. One put me in the hospital for a week, and nearly cost me my right hand.
Holy crap, I never knew accounting was so dangerous! ;-)[/quote]
It’s vicious.
But - the hand injury came while training a fresh college grad how to sew up a uterine prolapse on a feedlot heifer.
[quote]hspder wrote:
In the end, indeed the overwhelming majority of college grads are completely inept at the jobs they apply for.
[/quote]
At least in my profession, it would be impossible for a school to train students to be immediately competent at whatever jobs they accept.
Work experience is highly specific to the applications of that particular job, and doesn’t transfer as well as might be expected from job to job.
There is always a learning curve to go from “book learnin’” to real-world expertise, in just about any field. It is extremely arrogant of college grads to assume that they know it all because they went to a great school and got good grades, just as it’s very harsh for some managers to think they’re stupid because they don’t immediately know what they’re doing.
But perhaps they are more stupid… I really can’t speak of any experience with college grads except in my own profession, and I only graduated three years ago. Perhaps I’m biased.
[quote]hspder wrote:
I do fear that the culture of professional ethics and excellence is vanishing at an astonishing pace, and very soon we will have an overwhelmingly incompetent workforce. I’m doing what I personally can to reverse that erosion, but I’m just one guy and I can’t make omelets without eggs…[/quote]
Really? I got the impression that you were a pro-‘living wage’ kinda guy.
[quote]hspder wrote:
In the end, indeed the overwhelming majority of college grads are completely inept at the jobs they apply for.
nephorm wrote:
At least in my profession, it would be impossible for a school to train students to be immediately competent at whatever jobs they accept. [/quote]
Absolutely. But I did not say incompetent – that is to be expected, as you correctly point out – I said inept. The difference might sound subtle, but it’s actually quite big…[/quote]
[quote]lucasa wrote:
Really? I got the impression that you were a pro-‘living wage’ kinda guy.[/quote]
You really have no idea what we do over here at the Stanford GSB, do you?
[quote]hspder wrote:
You really have no idea what we do over here at the Stanford GSB, do you?[/quote]
All the ‘good’ you do at Stanford can be completely undone by what you do in the voting booth.
And am I wrong? Are you opposed to living wage laws?
[quote]hspder wrote:
lucasa wrote:
Really? I got the impression that you were a pro-‘living wage’ kinda guy.
You really have no idea what we do over here at the Stanford GSB, do you?[/quote]
Put the ‘sin’ in Business?
[quote]lucasa wrote:
All the ‘good’ you do at Stanford can be completely undone by what you do in the voting booth. [/quote]
You really give way too much credit and importance to Government actions… And even if the Government had such a large influence on the entrepreneurial spirit that we try to instill in our students, Social Democracy does nothing to destroy that. In fact, Social Democrats fight to empower the entrepreneurial spirit. It is no surprise that, as I mentioned before, the most successful and most influential entrepreneurs in America are liberals. The fact that you completely misunderstand the methods we defend, based on your uneducated opinion (rather than educated reason) doesn’t make you right – it just makes you ignorant.
We are NOT Bolsheviks. Putting us in the same “leftist” bag is as retarded as putting Conservatives and neo-Nazis in the same “rightist” bag.
[quote]pookie wrote:
hspder wrote:
lucasa wrote:
Really? I got the impression that you were a pro-‘living wage’ kinda guy.
You really have no idea what we do over here at the Stanford GSB, do you?
Put the ‘sin’ in Business?[/quote]
Indeed! Mmmuaahahahahahahahaha! [evil scientist cavernous laughter]