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.
Allegations against the comedian are proof that women are angry, temporarily powerful—and very, very dangerous.
Sexual mores in the West have changed so rapidly over the past 100 years that by the time you reach 50, intimate accounts of commonplace sexual events of the young seem like science fiction: You understand the vocabulary and the sentence structure, but all of the events take place in outer space. You’re just too old.
This was my experience reading the account of one young woman’s alleged sexual encounter with Aziz Ansari, published by the website Babe this weekend. The world in which it constituted an episode of sexual assault was so far from my own two experiences of near date rape (which took place, respectively, during the Carter and Reagan administrations, roughly between the kidnapping of the Iran hostages and the start of the Falklands War) that I just couldn’t pick up the tune. But, like the recent New Yorker story “Cat Person”—about a soulless and disappointing hookup between two people who mostly knew each other through texts—the account has proved deeply resonant and meaningful to a great number of young women, who have responded in large numbers on social media, saying that it is frighteningly and infuriatingly similar to crushing experiences of their own. It is therefore worth reading and, in its way, is an important contribution to the present conversation.
A viral story highlights the lingering difference between the language—and the practice—of consent.
It was true that everything did seem okay to me, so when I heard that it was not the case for her, I was surprised and concerned. I took her words to heart and responded privately after taking the time to process what she had said.
I continue to support the movement that is happening in our culture. It is necessary and long overdue.
That was Aziz Ansari, responding to a story that was published about him over the weekend, a story that doubled for many readers as an allegation not of criminal sexual misconduct, but of misbehavior of a more subtle strain: aggression. Entitlement. Excessive persistence. His statement, accordingly—not an apology but not, either, a denial—occupies that strange and viscous space between defiance and regret. I was surprised and concerned. I took her words to heart.
At the same time that the president sows doubt and confusion to undermine his adversaries, he finds those forces depriving him of credit he believes he deserves.
A long weekend with lots of executive time, simmering tensions with politicians of both parties, a looming government shutdown: It’s the most potent cocktail that Donald Trump, a teetotaler, could imbibe, and it produced a predictably jarring and erratic series of statements.
Over the course of several days, mostly in tweets, Trump tried to make three points. First, he sought to discredit the idea that he had referred to African nations as “shithole countries” and said, “Why do we need more Haitians? Take them out.” (Trump also declared to a reporter that he was “the least racist person you have ever interviewed.”) Second, he jockeyed for position in negotiations over funding the government, arguing Democrats were imperiling the military as he tried to preemptively shift blame to them. Finally, for good measure, he whined a little bit that he doesn’t get more credit for what he’s done:
The cryptocurrency was meant to be stateless and leaderless. Ironically, the culprits of its latest plunge are ... state leaders.
Bitcoin is a bubble.
That much was clear to economists, investors, and analysts for quite some time. But one of the shortcomings of such analysis is that certainty of an economic bubble offers little insight on how, when, or why that bubble will pop. “I can say almost with certainty that they will come to a bad ending,” Warren Buffett said last week, to the great consternation of crypto fans. “When it happens or how or anything else, I don't know.”
Maybe—maybe—it’s finally happening.
The price of bitcoin plummeted by as much as 20 percent on Tuesday to $12,000, or about 40 percent below its all-time high in December. Other popular cryptocurrencies, like ethereum and Ripple, also posted double-digit losses.
With the president fuming, a funding deadline looming, and a DACA deal far off, a climactic confrontation in Congress might be impossible to avoid.
Updated on January 16 at 5:09 p.m. ET
The first government shutdown of the Donald Trump presidency has been a long time coming.
It has been eight months since the president, in a tweet of pique during a soon-forgotten spending fight with Democrats, suggested that the country “needs a good ‘shutdown’” to fix its mess. The two parties veered away from the brink then, and they have kept refueling the federal tank a few gallons at a time in the months since.
But for an angry president and an impatient opposition, there may be no way out of the showdown that is building this week. At its core are the competing promises Trump made to his base—to crack down on illegal immigration and build a giant southern border wall—and that many Democrats made to theirs—to protect at any cost the young undocumented immigrants who face possible deportation under a March deadline set by the president.
Seventeen years after the original Blue Planet, the BBC Natural History Unit has perfected the art of the blockbuster documentary.
Across seven episodes of Blue Planet II, viewers are treated to a number of wondrous images. Orcas stun schools of herring by slapping them with their tails. Cuttlefish mesmerize shrimp by splaying out their arms and sending moving clouds of pigment across their skin, like a living gif. Mobula rays cavort in the deep, stirring glow plankton as they move, creating an ethereal scene that looks like a clip from Moana. Cutthroat eels slink into a lake of super-salty water at the bottom of the ocean, and some tie themselves into knots in the throes of toxic shock. Pods of bottlenose dolphins and false killer whales meet in the open ocean, greeting each other as if reuniting with old friends.
The series first aired in the United Kingdom last year and finally premieres in the United States this Saturday. It is the latest program from the BBC’s indefatigable Natural History Unit—arguably the greatest producers of such documentaries in the world.
This isn’t the first moment astrology’s had and it won’t be the last. The practice has been around in various forms for thousands of years. More recently, the New Age movement of the 1960s and ’70s came with a heaping helping of the zodiac. (Some also refer to the New Age as the “Age of Aquarius”—the 2,000-year period after the Earth is said to move into the Aquarius sign.)
President Trump is the embodiment of over 50 years of resistance to the policies Martin Luther King Jr. fought to enact.
On April 4, 1968, Martin Luther King Jr. was assassinated. In response, a week later President Lyndon B. Johnson scrambled to sign into law the Fair Housing Act, a final major civil-rights bill that had languished for years under the strain of white backlash to the civil-rights movement.
Five years later a New York developer and his son—then only a few years out of college—became two of the first targets of a massive Department of Justice probe for an alleged violation of that landmark act. After a protracted, bitter lawsuit, facing a mountain of allegations that the two had engaged in segregating units and denying applications of black and Puerto Rican applicants, in 1975 Trump Management settled with the federal government and accepted the terms of a consent decree prohibiting discrimination. So entered Donald Trump onto the American stage.
In its 10th orbit around Jupiter, NASA’s Juno spacecraft is returning amazing images of the gas giant that are being made even more incredible by citizen scientists here on Earth.
Launched in 2011, NASA’s Juno mission to Jupiter arrived in mid-2016, and the spacecraft maneuvered into a 53-day orbit around the gas giant. The JunoCam imaging instrument, one of nine scientific instruments on board, has been returning red, green, and blue filtered images of Jupiter to Earth, and NASA is encouraging anyone to download, process, and share them. Citizen scientists like Seán Doran and Gerald Eichstädt have been finessing these images,—enhancing the existing contrasts and boosting the colors to create really amazing views of our solar system’s largest planet. Cloudtops pop into view, swirls and structure and depth become more apparent, and the enormous roiling atmosphere seems almost within grasp. Many thanks to Seán Doran for sharing these images here, and to the teams involved in bringing them to Earth at NASA, the Southwest Research Institute (SwRI), and Malin Space Science Systems (MSSS). See also “The Photoshoppers Behind Dreamy Jupiter Photos” from November 2017.
The evidence comes from the 16th-century victims’ teeth.
In the decades after Hernán Cortés invaded Mexico, one of the worst epidemics in human history swept through the new Spanish colony. A mysterious disease called “cocolitzli” appeared first in 1545 and then again in 1576, each time killing millions of the native population. “From morning to sunset,” wrote a Franciscan friar who witness the epidemic, “the priests did nothing else but carry the dead bodies and throw them into the ditches.”
In less than a century, the number of people living in Mexico fell from an estimated 20 million to 2 million. “It’s a massive population loss. Really, it’s impressive,” says Rodolfo Acuña-Soto, an epidemiologist at the National Autonomous University of Mexico. What can even kill so many people so quickly?