Yes, this is a striking stat. But it doesn't tell us that college is losing its value. It tells us that more people are going to college -- and not enough are finishing.
Everybody is looking for the next big "bubble". Maybe it's bonds. Or tech stocks. Or ... college? With tuition soaring and job prospects not, a growing chorus thinks higher education might just be too big not to fail. The calculus is simple. If college costs keep rising, but job prospects don't improve, eventually higher education won't be worth it. Pop goes the campus bubble -- or so the story goes.
That brings us to one of the more inauspicious recent headlines. For the first time ever, the majority of the unemployed have attended some college. Does this mark some kind of inflection point? Is it time to ditch the classroom for the office? Not exactly.
First, the gory details. The chart below from Business Insider shows the twenty-year educational trend among the jobless. (Remember: This shows what percentage of the jobless have ever set foot on a college campus -- or not. It doesn't show what percentage of high school grads or college enrollees are out of work).
This is not as bad as it looks, and it doesn't mean what you might think.
Here are the three numbers that tell us why: 7.9, 7.6 and 4.0. Those are the unemployment rates among people 25 and older for high school grads, for college dropouts, and for college graduates -- all courtesy of the Bureau of Labor Statistics.
The chart above isn't a story about a college degree no longer paying off. The chart above is a story about more people going to college, but not nearly as many more people finishing college. As my colleague Jordan Weissmann recently pointed out, only 56 percent of those who start on a bachelor's degree finish within six years. Only 29 percent of those who start on a associate's degree finish within three years. And consider that this is happening while college enrollment is at an all-time high. Too many students are getting the worst of both worlds: debt without a degree. Their finances get worse, but their job prospects don't get much better. That's how we get a world where most of the unemployed have attended at least some college.
But there's something of a chicken-and-egg problem here. More students would finish school if they could afford it. That's certainly not the only reason our college dropout rate is so high, but it's certainly one of the reasons.
In other words, the high cost of college is disguising the payoff of college. There still aren't many better long-term investments than a college degree. Graduates have lower unemployment. They earn more. And the gap between what college and high school graduates make is only growing. But you know what they say about the long-run. It can be awfully hard to get there when the short-run costs are so high. That's why reining in college tuition is so critical. It will both help young graduates struggling with the terrible economy, but also help more people become young graduates.
Of course, it's not obvious how we can do this. If we knew, we'd be doing it. But it's worth remembering: That's how you win the future.
If Democratic candidate Doug Jones lost to GOP candidate Roy Moore, weakened as he was by a sea of allegations of sexual assault and harassment, then some of the blame seemed likely to be placed on black turnout.
But Jones won, according to the AP, and that script has been flipped on its head. Election day defied the narrative, and challenged traditional thinking about racial turnout in off-year elections and special elections. Precincts in the state’s “black belt,” the swathe of dark, fertile soil where the African American population is concentrated, reported long lines throughout the day, and as the night waned and red counties dominated by rural white voters continued to report disappointing results for Moore, votes surged in from urban areas and the black belt. By all accounts, black turnout exceeded expectations, perhaps even passing previous off-year results. Energy was not a problem.
Democrat Doug Jones defeated Roy Moore in Alabama’s Senate race, narrowing the Republican majority and handing the president a major political setback.
Democrat Doug Jones defeated Republican Roy Moore in Alabama on Tuesday night, snagging a U.S. Senate seat in a upset and providing an appropriately unpredictable end to a bizarre race.
The election saw an uneasy coalition formed between President Trump and the Republican establishment only to be rebuked in the GOP primary; a sitting senator defeated in a primary runoff; a candidate refusing to withdraw despite a series of sexual-misconduct allegations involving teenagers; and, in the end, a Democrat robbing Republicans of a Senate seat in the deep-red Deep South.
With the last few precincts being counted, Jones was headed for a narrow but decisive victory over Moore, an archconservative culture warrior who was twice removed as chief justice of the state supreme court for defying federal judges. The race is at once an outlier—Moore was a uniquely flawed candidate—and the latest example of Democratic enthusiasm, and in particular African American engagement, spiking in backlash to the Trump era. Early analysis suggests Jones’s victory came on the power of black turnout that far exceeded expectations and white turnout that sagged in the face of a scandal ridden, bigoted GOP candidate.
Russia's strongman president has many Americans convinced of his manipulative genius. He's really just a gambler who won big.
I. The Hack
The large, sunny room at Volgograd State University smelled like its contents: 45 college students, all but one of them male, hunched over keyboards, whispering and quietly clacking away among empty cans of Juicy energy drink. “It looks like they’re just picking at their screens, but the battle is intense,” Victor Minin said as we sat watching them.
Clustered in seven teams from universities across Russia, they were almost halfway into an eight-hour hacking competition, trying to solve forensic problems that ranged from identifying a computer virus’s origins to finding secret messages embedded in images. Minin was there to oversee the competition, called Capture the Flag, which had been put on by his organization, the Association of Chief Information Security Officers, or ARSIB in Russian. ARSIB runs Capture the Flag competitions at schools all over Russia, as well as massive, multiday hackathons in which one team defends its server as another team attacks it. In April, hundreds of young hackers participated in one of them.
There’s a fiction at the heart of the debate over entitlements: The carefully cultivated impression that beneficiaries are simply receiving back their “own” money.
One day in 1984, Kurt Vonnegut called.
I was ditching my law school classes to work on the presidential campaign of Walter Mondale, the Democratic candidate against Ronald Reagan, when one of those formerly-ubiquitous pink telephone messages was delivered to me saying that Vonnegut had called, asking to speak to one of Mondale’s speechwriters.
All sorts of people called to talk to the speechwriters with all sorts of whacky suggestions; this certainly had to be the most interesting. I stared at the 212 phone number on the pink slip, picked up a phone, and dialed.
A voice, so gravelly and deep that it seemed to lie at the outer edge of the human auditory range, rasped, “Hello.” I introduced myself. There was a short pause, as if Vonnegut were fixing his gaze on me from the other end of the line, then he spoke.
The president attacked a senator who has emerged as a crusader against all manner of sexual misbehavior by political leaders.
Just after 8:00 on Tuesday morning, President Trump whipped out his phone and fired off this incendiary, insinuating tweet:
Lightweight Senator Kirsten Gillibrand, a total flunky for Chuck Schumer and someone who would come to my office ‘begging’ for campaign donations not so long ago (and would do anything for them), is now in the ring fighting against Trump. Very disloyal to Bill & Crooked-USED!
It’s hardly surprising that Trump is miffed at Gillibrand. On Monday, the gentlewoman from New York publicly called on the president to step down in light of the multiple accusations of harassment and assault swirling around him. Having long pressed for the military to address its sexual-assault problem, Gillibrand has emerged more recently as a crusader against all manner of sexual misbehavior by political leaders: She was the first Senate Democrat to call on her Minnesota colleague Al Franken to step down, and she contends that elected officials absolutely should be held to higher standards than regular folks.
In a major upset, the Democratic candidate prevailed in the deeply conservative state.
In a major upset, Democrat Doug Jones won the Alabama Senate special election on Tuesday to fill the seat previously held by Attorney General Jeff Sessions. The last time Alabama sent a Democrat to the Senate was in 1992.
The Associated Press called the race for Jones just before 10:30 p.m. eastern.
Alabama is a deeply conservative state. But the race unexpectedly became competitive after Republican Roy Moore became embroiled in allegations of past sexual misconduct involving teenage girls. The result was a stunning victory for the Democratic Party, which found itself locked out of power in Washington after the 2016 presidential election.
“Tonight is a night for rejoicing," Jones said at his victory party Tuesday evening to a cheering crowd. Referencing a famous Martin Luther King quote, Jones said: “The moral arc of the universe is long but it bends toward justice. Tonight, you helped bend that moral arc a little closer to justice."
A good marriage is no guarantee against infidelity.
“Most descriptions of troubled marriages don’t seem to fit my situation,” Priya insists. “Colin and I have a wonderful relationship. Great kids, no financial stresses, careers we love, great friends. He is a phenom at work, fucking handsome, attentive lover, fit, and generous to everyone, including my parents. My life is good.” Yet Priya is having an affair. “Not someone I would ever date—ever, ever, ever. He drives a truck and has tattoos. It’s so clichéd, it pains me to say it out loud. It could ruin everything I’ve built.”
Priya is right. Few events in the life of a couple, except illness and death, carry such devastating force. For years, I have worked as a therapist with hundreds of couples who have been shattered by infidelity. And my conversations about affairs have not been confined within the cloistered walls of my therapy practice; they’ve happened on airplanes, at dinner parties, at conferences, at the nail salon, with colleagues, with the cable guy, and of course, on social media. From Pittsburgh to Buenos Aires, Delhi to Paris, I have been conducting an open-ended survey about infidelity.
Russian billionaire Yuri Milner says if the space rock 'Oumuamua is giving off radio signals, his team will be able to detect them—and they may get the results within days.
The email about “a most peculiar object” in the solar system arrived in Yuri Milner’s inbox last week.
Milner, the Russian billionaire behind Breakthrough Listen, a $100 million search for intelligent extraterrestrial life, had already heard about the peculiar object. ‘Oumuamua barreled into view in October, the first interstellar object seen in our solar system.
Astronomers around the world chased after the mysterious space rock with their telescopes, collecting as much data as they could as it sped away. Their observations revealed a truly unusual object with puzzling properties. Scientists have long predicted an interstellar visitor would someday coast into our corner of the universe, but not something like this.
Winning images and honorable mentions from the four categories: Wildlife, Landscapes, Aerials, and Underwater.
National Geographic has announced the winners of its annual photo competition, with the Grand Prize Winner Jayaprakash Joghee Bojan receiving a prize of $7,500 for his image of an orangutan in Borneo. National Geographic was once again kind enough to let us display the winning images and honorable mentions here from the four categories: Wildlife, Landscapes, Aerials, and Underwater.
Everything had to go exactly right for Doug Jones, and exactly wrong for Roy Moore—and it did.
MONTGOMERY, Ala.—Everything had to break exactly right for Doug Jones to win the Senate election in deep-red Alabama, and it did. Jones ran a disciplined campaign that hinged on black turnout, and it delivered for him.
But everything also had to break the wrong way for the Republicans, and it did: a series of machinations among senior GOP officials led to a runoff between the unpopular Luther Strange and Roy Moore, best known for losing his judgeship over a dramatic battle to keep a 10 Commandments monument in the state supreme court. Moore had a loyal base of support in Alabama despite—or because of—the litany of controversies attached to him, including his inflammatory remarks about homosexuality and Muslims serving in office. But he was unable to reach beyond that base, and barely tried. And in the end he could not survive allegations by nine women that Moore had pursued or sexually abused them when they were teenagers—one as young as 14. The story consumed the final weeks of the campaign, with Moore unable to offer a substantive rebuttal to the allegations, instead attempting to discredit the mainstream media and his accusers. He went underground during the final stretch of the race, hardly appearing in public while Jones barnstormed the state.