Dr. Ed Yardeni is the President and Chief Investment Strategist of Yardeni Research, Inc., a provider of independent investment strategy and economics research for institutional investors. In a blog entry entitled "Education and Employment" on July 12th of this year, he emphasized the consistency of difficulty that adults with only a high school education or less than that face in finding employment in recent years.
"Yardeni wrote that Employment among adults with college degrees increased 720,000 over the past 12 months to 44.9 million." This is good news when considering the fact that the unemployment is such a huge problem in the U.S. today.
Yardeni also said "The labor force among adults with only a high school diploma declined by 460,000 over the past 12 months as their employment dropped by 164,000. The labor force is dropping even faster among adult workers with less than a high school degree. It fell 654,000 over the past 12 months. Over the same period, their employment is down 580,000."
Based on classroom discussions and readings, I'm almost certain that a large number of the people having trouble finding employment or who are unemployed are trying to raise children in surroundings that are less than perfect. Consequences of an upbringing like this can create a cycle, endangering the child's chances of getting a good education, more importantly, a good job after that education or during.
According to the textbook "Statistics show that members of minority groups are far more likely to have low-status and low-paying jobs"(Social Problems, 10th ed. - Coleman & Kerbo, 199). Based on what I've read in Yardeni's article, I'm sure that these minorities are the bulk of the adult workers with less than a high school degree or just a high school diploma.
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