Abstract:
This study will analyze the experience of college graduates in the labor market. The study is divided into two parts. Part I begins with the graduating class of 1967 and analyzes that year and succeeding years up until 1975. These nine years of graduates make a rather interesting study, for one finds opportunities in the labor market going from plentiful to not so plentiful. Three factors will be considered when analyzing each year: 1) Graduates with degrees in areas in demand by prospective employers, 2) Graduates with degrees in areas that are overcrowded, and 3) the starting salaries associated with t1iose particular areas.Part II is a reflection upon the information presented in Part I. As the study in Part I will reveal, a college diploma no longer assures a graduate of a position in the labor market. There are several reasons why this transition has taken place and, although these reasons are alluded to in Part I, they will be fully examined in Part II.Uniform data was not always available for every year, but I have attempted to make the analysis as coherent as possible. Also, statistics were not as readily available for the years 1973, 1974, and 1975, but substantial information is provided to make comparative analysis with previous years, and establish certain trends which develop throughout those years.