Is the slowly recovering economy the fault of college students?

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  • Howard Beal Provo, UT
    April 24, 2013 9:10 p.m.

    College grads of recent have nothing to do with the economic downturn or lack of recovery. This lies completely with us old curmudgeons...

  • jasoncastle Salt Lake City, UT
    April 24, 2013 6:31 p.m.


    The problem with your assertion is that even graduates in very "useful" majors, such as engineering, computer science and other so-called STEM degrees, are also carrying tremendous levels of student loans and struggling economically. So it's not just the basket-weaving and humanities majors, and the reason for the difficulties of STEM majors is genuinely due to tremendous corruption in the employment policies in the US.

    To be specific, the H1-B visa allows companies to import tech workers from India (often with forged certifications, as I've found out from decades in the computer industry) as dirt cheap labor, often paid at barely starvation wages and forced to work outrageous hours. The H1-B is incredibly corrupt since the employer controls the visa and can deport the immigrant on a whim, so in combination with mass outsourcing, it forces wages down and allows US tech companies to lay off hundreds of thousands of US tech workers who can't possibly survive on such wages let alone pay off student loans.

    The proposed immigration bill would stupidly triple the H-1B visas, forcing even more tech grads out of work and pushing wages down further. Oppose it.

  • Diligent Dave Logan, UT
    April 24, 2013 8:37 a.m.

    The question in the headline of this article, ‘Is the slowly recovering economy the fault of college students?' is an emphatic, "NO!"

    Most people are carrying too much debt (myself included). Do we always blame the debtor? Shouldn't creditors ever bear the brunt of responsibility, not only lending money, but doing so at extortionist rates!?!

    It is due to the greed of college administrators, university presidents, trustees, and yes, profressors, all whose salaries have skyrocketed since I got my bachelor degrees at the University of Utah in the late 1970's, and never had to carry more than a 6-month loan from a credit union (versus, in too many cases of recent decades, mortgages on one's life!

    Colleges use to give credit much more easily, where credit was due. I was able to test out of an entire year of college via CLEP (College Level Examination Program). Now, they largely make earning such college credit difficult, if not impossible. Their incentive to make students sit in seats and pay exorbitantly to do so is, for them, financially overwhelming.

  • Thinkman Provo, UT
    April 23, 2013 11:57 p.m.

    Hamath is right in the sense that too many students major in the easiest subject that has little to no relevance in the real world of the economy nor demand for that field of study.

    However, I do also fault colleges, universities, and perhaps more than anyone, the government for giving such easy money to students. The colleges and universities are selling a product that is in very high demand and can get away with raising their tuition rates. Why no outcry from Obama and the Democrats?

    Oh that is right, most colleges and universities are bastions of socialism.

  • Fitness Freak Salt Lake City, UT
    April 23, 2013 6:07 p.m.

    My opinion is strictly anecdotal, I don't have any statistics to back it up; but people I talk to close to retirement age are putting it off BECAUSE of all the upheaval in the economy.

    Will they have to pay for their own healthcare in 10 yrs.?

    Will they be required to pay "extra" taxes on their (sometimes high)retirement income?

    If political/economic decisions actually get DECIDED, I think many people are waiting to retire.

    Too many "unknowns" at this time!

  • Cedarite Cedar City, UT
    April 23, 2013 2:46 p.m.

    Blaming the next generation for the crash and chaos caused by their elders is obnoxious at best.

  • Hamath Omaha, NE
    April 23, 2013 10:36 a.m.

    Here's where the fault may lay at the feet of college students (and colleges to an extent). What are they majoring in?

    I heard recently that the US graduates annually more college students in Communications than there are jobs in the field. Every year you could have a clean sweep and fill the jobs. Too many History and Philosophy majors are unemployed or working out of their field.

    On the flip side, we have shortages (some massive) in fields like welding, engineering, and medicine that have been a major backbone of the economy for years.

    I don't have a good solution. But I do think that at least some reason for our sluggish economy lies at the feet of the college students.