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On That Big Study About How the Student Debt Nightmare Is in Your Head? It's Garbage

@KarenUhOh Right. Your question is related, but moves away from the reasons why education related debt is growing, in total.

All of this you know already: The statistical measures of the "labor market" are adjusted-- generally, to show improvement-- to reflect "lower unemployment" by simply understating the real number of people that are actually unemployed-- because under the current reporting "rules" the stats-reporting-entities can exclude anyone that is deemed to be no longer actively seeking a job on a week-by-week basis (as reported and tracked by State unemployment agencies). So as people exceed the maximum time they can receive unemployment insurance payments, they are then classified as "no longer seeking employment" because they don't report that they are still searching for a job, and so are statistically no longer counted as "unemployed." In actual fact, the labor market is statistically improving because more people are being hired, and more people no longer counted as unemployed for the above stated reasons. Put most simply, wages remain low (and lower than in the past) because of the "supply" of labor still exceeds the "demand" for employees-- i.e. employers don't have to pay them more because someone else will work for less. When wages are low, overall debt is easier to accumulate.

Posted on June 24, 2014 at 2:59 pm 0

On That Big Study About How the Student Debt Nightmare Is in Your Head? It's Garbage

Growth in tuition expense in excess of household income growth combined with increasing numbers of HS graduates entering College and Graduate School will lead to continued growth in education-related debt over the next several years. However, enrollment in graduate and professional schools is likely to slow once the labor market improves. The recent increase in borrowing for school was caused in part by a reduction in wealth following the financial crisis.

Posted on June 24, 2014 at 2:13 pm 0

On Do You Remember The Before-Times Without Snow

Oh, so now The Awl is at it again with their distain of the best method of preventing water-from-hitting-a-person when said water is frozen (i.e. in the form of snow flakes) and when it's "wet" (i.e. coming down as rain). Let's call it antidisumbrellamentarianism (that is, being for being against the use of an umbrella during snow)!?

Please know that not everyone uses one of those namby-pamby nylon slicky-coats (i.e. with some petrochemical, derivative, fake material other-than-a-wool-outer-shell). So I for one will go on using an umbrella when it snows (and wear shorts when I want).

Posted on February 3, 2014 at 3:55 pm 0

On Wanna Work In Advertising? Shave Half Your Head

In my experience, one of the best ways to prevent the HR-Directors-of-the-world from cutting short your inquiry about XYZ "hiring at the moment" (and having them suddenly search for an escape from your presence, or call) is to instead, ask for advice. People (particularly in New York) love to give advice--even without having been formally introduced, and they enjoy being helpful in that way. Asking or even hinting at wanting a job will precipitate a hasty retreat. Asking instead for an informational interview, for their insight into how you would be viewed by those "in the market" or in the professional search for your talents, and point of view-- will usually result in a meeting, your getting some advice, perhaps a further introduction. And if you have the right stuff, and XYZ (or someone they know) is hiring, they will open doors, and be glad of it. But you have to have the discipline not to tip the initial encounter into an actual ask for a job. That comes later.

Posted on October 2, 2013 at 10:52 am 1

On Millennial Fired For Tweet

Glass Lewis "supports the creation and preservation of long-term shareholder value through best-in-class proxy voting solutions and high quality, independent analysis of governance, finance, accounting, legal and political risks at public companies worldwide" and "we empower institutional investors to make sound decisions by uncovering and assessing governance, business, legal, political and accounting risks at more than 23,000 companies in 100+ countries" but apparently don't train their people on best practices in how to compensate (with a gratuity) the likes of Brendon O'Connor.

Posted on July 30, 2013 at 2:16 pm 0

On What Do The Apps Want From Us?

And in the background, you don't have to be paranoid to wonder if the ever vague "minor bug fixes" can really mean A) "after this update you will not recognize this app nor derive the same utility from it" or B) "these updates are purely in support of our commercial interests."

Posted on July 18, 2013 at 2:00 pm 0

On Danny Aiello Is 80

From the NNDB profile (where the key term summary is limited to "Gender, Religion, Race or Ethnicity, Sexual orientation, Occupation, and (political) Party Affiliation) we can read that "During Bill Clinton's presidency, life-long Democrat Aiello became a Republican out of disgust for the behavior of the Commander-in-Chief. "I turned in my card to become a Republican because I did not want to be known as a Democrat under that person's regime. I'm a traditionalist. I have certain values that I live by, and he practices none of those things". He also played the father in Madonna's "Papa Don't Preach" video, which he later regretted, deciding that the song promoted single motherhood."

Posted on June 20, 2013 at 12:32 pm 0

On Wear Sunscreen And Maybe People Won't Know You're Old

Only fools don't use a good sunscreen. The options are many [ http://www.ewg.org/2013sunscreen/europes-better-sunscreens/ ] but you have to do the work obtain them (i.e. internet order, or shop at places like Clyde's Chemists, 926 Madison Ave. (between 73rd & 74th)where they keep the good stuff stocked.

Posted on June 4, 2013 at 2:25 pm 0

On Did You Eat The Bones?

Every year (as of 2012) 91 million tons of chicken meat are consumed by humans (cat/dog food included I presume). It amkes you wonder if being eaten in such quantity a real measure of having "conquered the world."

Posted on May 6, 2013 at 1:12 pm 0

On 'NY Times' Admits You're All Journalists, Even You Cosplaying Pro-Ana Tumblr Teens

"Poor Richard’s iPad: The Return of American Journal
ism to its Roots"
http://www.whitman.edu/Documents/Communications/Terry%27s%20speech%20text.pdf

Posted on April 3, 2013 at 2:47 pm 0