How Bad Is the Job Market for the Class of 2014?

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I missed this May 2014 article in Slate by Jordan Weissmann.

In the graph to the left “underemployed” is defined as “either jobless and hunting for work; working part-time because they can’t find a full-time job; or want a job, have looked within the past year, but have now given up on searching.”

Weissmann explains that over-qualification represents another kind of underemployment. “In a January report, the Federal Reserve Bank of New York found that roughly 44 percent of recent graduates—meaning those ages 22 to 27 with a B.A. or higher—were in a job that did not technically demand a bachelor’s degree.”

Is that bad? Actually, it’s on par with the early 1990s. The difference is that many of the jobs that don’t technically demand a bachelor’s degree no longer pay well. Their wages haven’t kept up with the cost of living. Today, less than 40 percent of these jobs pay more  than $45,000 per year. Over 20 percent pay less than $25,000 per year.

Read the whole thing.

How Should We Understand Mental Illness Through the Lens of Faith?

Two excerpts from a recent article by Dr. Michael Horton:

According to a 2013 survey by LifeWay Research, one-third of Americans agree that “prayer and Bible study alone can overcome serious mental illness.” Nearly half (48 percent) of evangelicals agree.

According to a 2008 Baylor study, 36 percent of church attendees with mental illness said that they were told by their leaders that it was the result of sin; 34 percent said they were told it was a demon; 41 percent were told they didn’t have a mental illness; and 28 percent were even told to stop taking medication.

Continue Reading…

Is the unwavering belief in the value of college justified?

In the previous post, I noted that 85% of parents strongly agreed that college was an investment in their child’s future, the highest in the last five years. Some will ask: Is such confidence justified? The answer seems to be yes: the earnings premium of having a college degree continues to rise. In 2013, the earnings premium in constant 2012 dollars was $17,500 versus $15,780 in 1995 and just $7,499 in 1965.

But here’s the troubling reality, and I think it’s driving some of the debate on the value of college. The wages for college grads have barely risen since 1986 (see below), even Continue Reading…

How We Pay For College is Changing

From a national study by Sallie Mae, How America Pays for College 2013. Four highlights:

  • Higher scholarships and grants. ”Free money” now pays for 30% of college costs, up from 25% four years ago.
  • Reduced parent contributions. Parents now fund from income and savings 27% of college expenses, down from 2010’s peak funding of 36%.
  • Unwavering belief in the value of college. 85% of parents strongly agreed that college was an investment in their child’s future, the highest in the last five years.
  • New cost-consciousness. A higher number of families factor college costs into the choice of school

HT: College Parents of America

Where Interns Earn the Most

Wow.  And some of  these interns come straight out of high school.

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Avg monthly income for U.S. households in 2012: $4,280.

Read more.

Do Americans hate their jobs?

Nope. Eighty-five  (85) percent find satisfaction from their work. A good post by Andrew Quinn.

Read the whole thing.

Are Younger Evangelicals (Slowly) Joining the Sexual Revolution?

It’s commonly believed that young Christians are frustrated with the church’s “outdated” views on sex and marriage. But when you survey those who actually attend church weekly (rather than merely identify themselves as “Baptist” or “Presbyterian”), you find:

  • Only 11 percent of young, religiously active evangelicals actively expressed support for same-sex marriage. (Compared  to a strong majority of their non-believing peer group.)
  • Approximately 6 percent of  young, religiously active evangelicals expressed support for abortion rights. (Compared to 70 percent in their non-believing peer group.)
  • Approximately 5 percent of young, religiously active evangelicals agreed that cohabitation is acceptable. (Compared to 70 percent in their non-believing peer group.)

None of this is to deny that the sexual revolution continues apace. The broader culture is shifting. But younger evangelicals are, by and large, happily swimming upstream.

Read more, or listen to Dr. Regnerus’ lecture on the recent findings.

With Tuition Rising, Are Colleges Getting Richer?

With tuition rising, aren’t colleges making out like bandits? For the most part, no, writes Scott Carlson in The Chronicle of Higher Education. While sticker price tuition is rising, colleges are also raising the discount rate.

The upshot? “On average and adjusted for inflation, colleges have seen no growth in net revenue for 13 years.”

Read the whole thing.

Related: Half of College Presidents Lack Long-term Confidence in Their Financial Model

All Knowledge Starts Somewhere in Faith

In the pages of The Chronicle of Higher Education (the trade journal for college professors and administrators), Dr. Peter Conn, professor of English and Education at the University of Pennsylvania, recently penned a provocative essay entitled “The Great Accreditation Farce” (subscription may be required). Conn argued  that religious colleges “undermine the most fundamental purposes of higher education.”

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Louis Zamperini (1917-2014)


Louis Zamperini, Olympic runner, WWII vet, POW, and adult convert to Christ, passed away this morning due to complications with pneumonia. He was 97 years old. Denny Burk has a nice write up on his remarkable and accomplished life.

Zamperini’s life story is told in Laura Hillenbrand’s best-selling book Unbroken: A World War II Story of Survival, Resilience, and Redemption (soon to become a major motion picture directed by Angelina Jolie).  

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