Tag: job

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The Shrinking College Premium

The “college premium”is the shorthand term for the income differential accruing to those who complete four-year degrees. Often attributed to research begun in 2011 by Georgetown University’s Center on Education and Workforce (CEW), the college premium concept came about from estimates comparing the average lifetime earnings of college graduates ($2.3 million) to those of high school diploma holders ($1.3 million).[i]  In the subsequent decade, the CEW estimate swelled from its initial $1 million to $1.2 million as the premium made college seem like a mandatory life choice.

But families often pay heavily for this benefit, as top-tier universities edge ever closer to tuition costs of $100,000. This year, Vanderbilt University came nearest to this much-watched threshold, projecting tuition of $98,426, though it also emphasized that most students receive financial aid. This trend is evident in other prestigious institutions like Brown, NYU, Tufts, and Yale, whose costs are similarly approaching six figures. While these universities cater to a specific segment, it’s noteworthy that the national average tuition is $56,000 for private colleges and $26,000 for public universities. The rising costs across the industry continue to be a significant concern.[ii]

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Redefining success

EVERY day, news releases and books cross my desk that promise success in all sorts of areas — getting a job, getting a better job, managing your employees, managing your boss, managing your relationships. Today’s New York Times ran a piece on a recent event aimed at redefining what REALLY matters:

“Some are interesting, some are ridiculous and many are repetitive takes on the same theme. But recently, I came across two items that, separately, talked about an issue I’ve tackled before in one of my columns — questioning what we actually mean by success. That column, which appeared almost a year ago to the day, discussed how we shouldn’t always aim for the extraordinary, but celebrate the ordinary. It was one of my most popular articles ever.So I was intrigued when I was told that a conference was being held on the very issue of redefining success. And, separately, that American Express had recently released a study showing that Americans were thinking of success in different ways than in the past.

“The Third Metric: Redefining Success Beyond Money & Power” was the conference presented last week by Mika Brzezinski, host of MSNBC’s “Morning Joe,” and Arianna Huffington, editor in chief of the Huffington Post, at Ms. Huffington’s new apartment in TriBeCa (some 200 people squeezed into her living room).Panels, covering topics ranging from “Managing a Frenetic Life” to “Wellness and the Bottom Line,” featured a number of prominent people, among them the actress Candice Bergen and Valerie Jarrett, a senior adviser to President Obama.  Continue reading “Redefining success”

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College degree as minimum job requirement

The college degree is becoming the new high school diploma, albeit an expensive one, and increasingly a requirement for getting even the lowest-level job.

Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college

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-educated population, reports today’s New York

Times.  “Like other employers across the country, the firm hires only people with a bachelor’s degree, even for jobs that do not require college-level skills. Continue reading “College degree as minimum job requirement”

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Robots stole my life

“The robots are coming! Word is they want your job, your life and probably your little dog, too.” This is how a piece by Catherine Rampell begins in yesterday’s New York Times. This is hardly a new worry, as the piece continues to discuss:

“Robots have once again gripped the nation’s imagination, stoking fears of displaced jobs and perhaps even a displaced human race. An alarmist segment on “60 Minutes’ was only the most vivid of a recent series of pieces in respected magazines and newsoutlets warning about widespread worker displacement.Professors at Cambridge University and a co-founder of Skype

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are creating a newCenter for the Study of Existential Risk, which would research a ‘Terminator’-like scenario in which supercomputers rise up and destroy their human overlords, presumably plotting the whole caper in zeros and ones.

“In New York alone, there are four plays running this month with themes of cybernetics run amok. One is a revival of ‘R.U.R.,’ a 1920 Czech play that was the granddaddy of the cybernetic revolt genre and that originated the current meaning of the word “robot.” Continue reading “Robots stole my life”

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Job hunting not easy with an arrest record

imgres-4Lots of people get into trouble with the law, casually or seriously, at some point in their lives. But not everyone knows how much that changes their prospects, especially when it comes to future job hunting.

While it’s generally illegal for employers to indiscriminately deny all applicants with criminal records, many still do. A quick look at New York job postings on Craigslist, for example, reveals common caveats: ‘absolutely no felony convictions’ or ‘must have clean criminal record.’

“’This is blatantly illegal hiring practice,’says Sally Friedman, a lawyer at the Legal Action Center. It’s not that it’s against the law to consider a job applicant’s past convictions. In fact, it’s kind of the opposite. The no-criminal-records-allowed policy rule, Friedman explains, may lead employers to throw out solid candidates. Continue reading “Job hunting not easy with an arrest record”