Jeff Duncan: “I have said before that while our unemployment rate is very low, our underemployment is terrible. We have young people…”

“I have said before that while our unemployment rate is very low, our underemployment is terrible. We have young people with degrees or even graduate degrees all over this country whose highest paying employment is as a waiter or waitress in a nice restaurant. While working in a restaurant is certainly honorable employment, it is sad that so many millions now have degrees or even graduate degrees and cannot find jobs in their degree fields. In yesterday's Washington Times, an article said that far less than half of those who have received doctorates, Ph.D.s in English or foreign languages, were able to find college teaching jobs. The story told of one man who received a doctorate in English from the University of Colorado and who did not bother to apply for a job at a small college in northeast Texas after he found out that he would have been the 350th applicant for that job. We now have a trade deficit of $350 billion. Most economists tell us that we lose conservatively 20,000 jobs per billion. This means we lost roughly 7 million jobs to other countries last year alone. Because of weak trade dealings and because environmental extremists do not want us to drill for any oil, dig for any coal, cut any trees, or use our natural resources in any way at all, we are losing many of our best highest paying jobs to other nations. First this was a trickle. Now it is happening very, very fast.”