Word: highers
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Dates: during 2000-2009
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...companies aren't hiring. They are - about 4 million workers a month. There is always a lot of churn in the American labor market and that doesn't stop during a recession. (We don't particularly feel the hiring right now because companies are letting workers go at a higher rate.) In a best-case scenario - if using tax dollars to subsidize corporate hiring works exactly as it should - we'd wind up paying for 4 million hires a month that we would have otherwise gotten for free...
...holders is the result of many weaker students attending colleges when other options may have served them better. "There is tremendous pressure to push kids through," he says, adding that as a result, too many students who aren't skilled become degree holders, promoting a perception among employers that higher education doesn't work. "That piece of paper no longer means very much, and employers know that," says Nemko. "Everybody's got it, so it's watered down...
...devaluation of a college degree is no secret on campus. An annual survey by the Higher Education Research Institute has long asked freshmen what they think their highest academic degree will be. In 1972, 38% of respondents said a bachelor's degree, but in 2008 only 22% answered the same. The number of freshmen planning to get a master's degree rose from 31% in 1972 to 42% in 2008. Says John Pryor, the institute's director: "Years ago, the bachelor's degree was the key to getting better jobs. Now you really need more than that." (See TIME...
...Enterprise Rent-A-Car hiring guru Marie Artim, who says her company will hire 8,000 of 200,000 applicants worldwide, has found that her applicant pool is changing. "While 10 years ago we may have had the same numbers, today we have higher-quality and better-qualified applicants," she says...
Despite the energy nationalization and Morales' strident anticapitalist rhetoric, Weisbrot adds, foreign investment is higher now than it was under many of Morales' predecessors. Much of that success was driven by the decade's abnormally high prices for commodities like natural gas, and it was hardly expected from a man who, like Brazilian President Luiz Inácio Lula da Silva, did not attend college and concedes he didn't know what inflation meant before he became President. "When Morales admitted [during a visit to the U.S.] that it wasn't until after his election that the concept was explained...