A Really Simple Theory

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Breaking News: Intelligent people will work in fields that promise higher wages.
The increasing number of post-grads entering fields like finance, equity, mgmt., and similar careers is one of the many problems the United States is facing. Jobs will not be created by lawyers, or through financing and leasing. We see consistent growth rates in our economy, yet lack the manufacturing to back it up. Fortune 500 companies are investing more into financial expansion over industrial expansion, eventually accumulating into a generation of managers and money-pushers without the potential to manufacture. The Steve Jobs age of investing, when businesses would continually invest into "the next big thing," is over. Knowledge & service careers will not stimulate growth, and a surplus of MBA degree holders means the demand for those workers will decrease. Still, this is a realistic take on the situation: entrepreneurship is truly difficult, and paying off student loans is a priority for many. Those that become engineers and mathematicians are passionate about their college courses, but the bright students with no concrete goal for the upcoming years will generally pursue a job that can immediately provide a steady income. What really surprises me is the number of students that decide to pursue careers in law or finance when the job market for these positions is incredibly narrow. "Consulting" careers are not an immediate hire, either, as I doubt an aging business executive wants to take advice from some newly graduated punk who had a Philosophy professor who "totally opened their mind last spring." It's borderline foolish to pursue high tuition rates and self-destructive student loans when there's a slim chance of securing a job.