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Home»Lifestyle & Culture»Consumption Guides & Product Reviews»From the Archives: Smart People Glut U.S. Labor Market (1979)
Consumption Guides & Product Reviews

From the Archives: Smart People Glut U.S. Labor Market (1979)

September 3, 2023Updated:December 6, 2024No Comments1 Min Read
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WASHINGTON, D.C.—At present there are roughly 140,000 school graduates in America who can’t discover work commensurate with their stage of training. Whereas through-out the ’60s and ’70s American schools feverishly pumped out a steadily rising quantity of extremely educated and educated individuals, the native marketplace for their companies has really diminished, because of computerization and the reluctance of established industries to department out into different modes of growth, similar to solar energy, geothermal power, and so on. In line with the Bureau of Labor Statistics and the Nationwide Planning Affiliation, by 1985 there must be 700,000 overqualified school grads competing for what few specialised mind jobs nonetheless exist. Says congressional spokesman Robert Hamrin, “Extra school college students [should] turn out to be conscious of the oversupply and decrease their academic targets.”

Excessive Occasions Journal, October 1979

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