Way up - I work for college students and recent graduates. Did you notice some of the beginner level recruiters who needed 3-5 years of experience? WayUp works with companies and students to create a new job seeking experience. Candidates can only see the work related to them, and the company can outweigh the type of candidate they attract from the best universities in the United States.
By 2020, the debt of federal students has expanded to 1.4 trillion dollars, but 51% of recent college graduates have reported that university degrees are not necessary for their jobs. However, Georgetown University expects that by 2018, there are not 4 million job openings in the STEM field. Translation: Many students borrow money (and are trying to repay) for degrees not necessary for work, and millions of technical work are not satisfied. Financial incentives in higher education are obviously broken. The education market is not completely competitive - the information is incomplete, the price signal is poor, and the customer (student) is not always reasonable (that is, maximizing the economic result I will ask you). Historically, the market relies on self-reported graduation and employment statistics, as well as an independent certification body to ensure minimum quality standards and accountability.
Young people who have just joined the employment market are struggling too - many measures have been taken over the years. Even after six years from recovery, the proportion of unemployed "unemployed" (work experience not requiring a degree) is still higher than in 2007, and it is increasing in 2000 as well. These "jobs other than university" are shifting from high-paying work (such as electric engineers) to low-wage services such as waiters. More and more people are beginning to receive higher education, but the real wage of university graduates has decreased by 7.7% since 2000. From a maximum point of view, it seems that the employment market is getting more and more necessary to lower the initial salary and lower it.