In response to:

The Plight of the MBA Generation

FA Wrote: Oct 07, 2012 6:40 PM
In addition to the obvious inflationary economy and a long series of horrible political economic decisions, contributing to our national stupidity is the sloppy thinking/confusion over 4 inherently different concepts: 1. education 2. degree accumulation 3. money spent on "education", and 4. job preparation. Since we have confused these concepts with each other, all we have done is create a huge degree bubble. University degrees have little to do with skills needed by industry.

During the first-ever Federal Reserve press conference, Fed chair Ben Bernanke said the number of jobs in America was still 7 million behind the number of people employed when the recession began. When asked whether the Fed could do anything about long-term unemployment, Bernanke said the central bank has been fighting it with an aggressive monetary policy. But he admitted his crew operating out of the Eccles Building doesn't have any tools to make the long-term unemployed employable again.

Orginally published Monday, May 02, 2011

A day later the news came that first-time unemployment claims rose to 429,000 — up from...