By: Brendon Najm, Sarah T. Hermann Intern Scholar
Barack Obama is choosing to give a series of speeches regarding
the economy and jobs on the road. The location of the first speech
on Wednesday is Knox College in Galesburg, IL. It's likely he looks
forward to having a captive audience. However, he should probably
be the subject of great skepticism.
For the Obama administration, college students and their
professors have been a great source of support. Unfortunately,
they're also the source of souring job statistics. Colleges and
universities are unemployment machines in the Obama economy. So
many college students are finding themselves graduating and moving
back home, unable to get the proper employment they need to get on
a career path. Those entry-level positions are instead occupied by
underemployed adults. It's quite the vicious circle.
According to Labor
Department Statistics, although unemployment is falling, from
May to June we've experienced a 0.5% increase in underemployment. I
guess those estimated 195,000 new jobs created in the month weren't
so substantial. And it doesn't end there. According to Gallup, the
underemployment numbers are even bleaker. Based on their polling,
underemployment has increased from October of 2012 by 1.3% to a
startling 17.2%. A far worse estimate than what's coming from the
The administration has put a heavy emphasis on getting kids to
college. Although that's great, they've proven to be generally
unresponsive when graduates cannot find adequate work, other than
provide time-biding handouts. Evidence of this is Obamacare, which
is reducing hours for workers and shifting many to
part-time work. The healthcare legislation accounts for the
failure of putting graduates to work by allowing them to stay on
their parents' health insurance until they're 26.
It's all coming together now. Buckle up, grads. Since we seem
committed to trading quality full-time jobs for government
handouts, the rest of this presidency is going to be bleak.
*Brendon is a senior political science and urban studies major at Canisius College in Buffalo, New York.