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.
Is a lack of meaning really worse than a lack of freedom?
A man named François is a professor in Paris. He is a scholar of Joris-Karl Huysmans, an obscure 19th-century author who, in his later years, converted to Catholicism in an epiphany. François is the hero, or rather anti-hero, of French novelist Michel Houellebecq’s Submission. François is listless—even his attitude toward sex is uninspired, as if it’s an activity like any other, perhaps like playing tennis on a Sunday, but probably with less excitement. There is too much freedom and too many choices, and sometimes he’d rather just die.
The world around him, though, is changing. It is 2022. After a charismatic Islamist wins the second round of the French presidential elections against the right-wing Marine Le Pen (after gaining the support of the Socialists), a Muslim professor, himself a convert, attempts to persuade François to make the declaration of faith. “It’s submission,” the professor tells him. “The shocking and simple idea, which had never been so forcefully expressed, that the summit of human happiness resides in the most absolute submission.”
But what foods are actually associated with weight gain in kids?
To find out, a group of researchers from Duke–National University of Singapore looked to the Avon Longitudinal Study of Parents and Children, which consists of 15,444 children born in 1991 and 1992 around Bristol, a city in southwest England. For their analysis, they included the 4,646 children who filled out a three-day food diary and had their height, weight, and physical activity measured at ages 7, 10, and 13. They tracked the changes in their BMI and measured how much chubbier or thinner they were than the average kid their age.
New evidence challenges one of the most celebrated ideas in network science.
A paper posted online last month has reignited a debate about one of the oldest, most startling claims in the modern era of network science: the proposition that most complex networks in the real world—from the World Wide Web to interacting proteins in a cell—are “scale-free.” Roughly speaking, that means that a few of their nodes should have many more connections than others, following a mathematical formula called a power law, so that there’s no one scale that characterizes the network.
Purely random networks do not obey power laws, so when the early proponents of the scale-free paradigm started seeing power laws in real-world networks in the late 1990s, they viewed them as evidence of a universal organizing principle underlying the formation of these diverse networks. The architecture of scale-freeness, researchers argued, could provide insight into fundamental questions such as how likely a virus is to cause an epidemic, or how easily hackers can disable a network.
Tech analysts are prone to predicting utopia or dystopia. They’re worse at imagining the side effects of a firm's success.
The U.S economy is in the midst of a wrenching technological transformation that is fundamentally changing the way people sleep, work, eat, shop, love, read, and interact.
At least, that’s one interpretation.
A second story of this age of technological transformation says that it’s mostly a facade—that the last 30 years have been a productivity bust and little has changed in everyday life, aside from the way everyone reads and watches videos. People wanted flying cars and got Netflix binges instead.
Let’s call these the Disrupt Story and the Dud Story of technology. When a new company, app, or platform emerges, it’s common for analysts to divide into camps—Disrupt vs. Dud—with some yelping that the new thing will change everything and others yawning with the expectation that traditionalism will win out.
The revolutionary ideals of Black Panther’s profound and complex villain have been twisted into a desire for hegemony.
The following article contains major spoilers.
Black Panther is a love letter to people of African descent all over the world. Its actors, its costume design, its music, and countless other facets of the film are drawn from all over the continent and its diaspora, in a science-fiction celebration of the imaginary country of Wakanda, a high-tech utopia that is a fictive manifestation of African potential unfettered by slavery and colonialism.
But it is first and foremost an AfricanAmerican love letter, and as such it is consumed with The Void, the psychic and cultural wound caused by the Trans-Atlantic slave trade, the loss of life, culture, language, and history that could never be restored. It is the attempt to penetrate The Void that brought us Alex Haley’s Roots, that draws thousands of African Americans across the ocean to visit West Africa every year, that left me crumpled on the rocks outside the Door of No Return at Gorée Island’s slave house as I stared out over a horizon that my ancestors might have traversed once and forever. Because all they have was lost to The Void, I can never know who they were, and neither can anyone else.
Last weekend’s security conference in Munich was a stark reminder that this class has nothing of substance to offer a world in turmoil.
Eighty years ago in Munich, French and British politicians handed Czechoslovakia over to Adolf Hitler’s carving knife. Twenty-five years later, a German veteran of the ensuing war founded a conference in Munich that, in its own way, was designed to ensure that such a mistake would never reoccur. That veteran, Ewald von Kleist, came from a distinguished Prussian military family; he served as an officer in the Wehrmacht, had opposed Hitler, and participated actively in a plot against him. He was sent to a prison camp, and was lucky to have escaped execution.
The conference was originally called Wehrkunde (loosely translated as “military affairs”), and since 1963 it has met almost every year in Munich. The picturesque old Bayerischer Hof Hotel, where the event is held each year, becomes a seething mass of nearly 700 politicians, businesspeople, pundits, and officers, all eyed coldly and shoved out of the way by squads of contemptuous bodyguards. Attendees not eminent enough to have reserved seating often cannot elbow their way to the policy wonk mosh pit that the conference floor morphs into. The bathrooms can barely handle their traffic, and the hotel takes on the moist warmth and stale air of an aging high school gym. But still they come, now in the many hundreds, slowed by the officious motorcades of the truly important, trudging past half a dozen security cordons manned by thousands of vigilant German police.
A new study explores a strange paradox: In countries that empower women, they are less likely to choose math and science professions.
Though their numbers are growing, only 27 percent of all students taking the AP Computer Science exam in the United States are female. The gender gap only grows worse from there: Just 18 percent of American computer-science college degrees go to women. This is in the United States, where many college men proudly describe themselves as “male feminists” and girls are taught they can be anything they want to be.
Meanwhile, in Algeria, 41 percent of college graduates in the fields of science, technology, engineering, and math—or “STEM,” as its known—are female. There, employment discrimination against women is rife and women are often pressured to make amends with their abusive husbands.
According to a report I covered a few years ago, Jordan, Qatar, and the United Arab Emirates were the only three countries in which boys are significantly less likely to feel comfortable working on math problems than girls are. In all of the other nations surveyed, girls were more likely to say they feel “helpless while performing a math problem.”
Marvel has hit big with a movie that leads with the artistry of its storytelling and the diversity of its characterization. Hollywood would do well to take notice.
Over the last few years, a lot of pernicious Hollywood myths about what movies are “marketable” have been shattered. Old excuses about how blockbusters featuring actors of color don’t appeal to worldwide audiences have been swept away by the success of franchises like the Fast & Furious series and the Star Wars sequels. Time and again, American audiences have responded to films with black leads like Hidden Figures, Get Out, and Girls Trip, all of them turning huge profits on smaller budgets. Even within this context, though, the box-office success of Black Panther this past weekend was basically unprecedented, and it’s one that could dictate where studios direct their energies in the future.
On Tuesday, Alex Van Der Zwaan, a lawyer who helped produce a report at Manafort’s behest, pleaded guilty to lying to the FBI.
Alex Van Der Zwaan, a former attorney at an international law firm, pleaded guilty to lying to federal agents about the last time he communicated with Paul Manafort’s longtime business partner, Rick Gates. Van Der Zwaan is the latest figure swept up in Robert Mueller’s expansive probe of Russian interference in the 2016 presidential election to admit to the charges against him.
Mueller’s interest in Van Der Zwaan, who helped produce a report about a contentious trial in Ukraine at Manafort’s behest, may be a signal that the special counsel is ramping up pressure on Manafort—whose connections to Russia and high-level role on the Trump campaign could prove invaluable to Mueller’s probe.
Gates is reportedly nearing his own plea deal with Mueller, according to the Los Angeles Times, but Manafort has continued to fight the charges he faces. His uphill battle to prove his innocence, however, will get steeper with Van Der Zwaan’s guilty plea.