This is a sad story, and there is a warning here for us.

College graduates in Europe are having a hard time finding jobs.

The story in the New York Times begins like this:

“Alba Méndez, a 24-year-old with a master’s degree in sociology, sprang out of bed nervously one recent morning, carefully put on makeup and styled her hair. Her thin hands trembled as she clutched her résumé on her way out of the tiny room where a friend allows her to stay rent free.

Graphic

She had an interview that day for a job at a supermarket. It was nothing like the kind of professional career she thought she would have after finishing her education. But it was a rare flicker of opportunity after a series of temporary positions, applications that went nowhere and employers who increasingly demanded that young people work long, unpaid stretches just to be considered for something permanent.

Her parents were imploring her to return home to the Canary Islands to help run her father’s fruit business. It was a sign of the times, though, that even her own father probably would not be able to afford to pay her.

“We’re in a situation that is beyond our control,” Ms. Méndez said. “But that doesn’t stop the feelings of guilt. On the bad days, it’s really hard to get out of bed. I ask myself, ‘What did I do wrong?’ ”

Samuel Aranda for The New York Times

Alba Méndez, 24, preparing for a job interview in Madrid.

 

The question is being asked by millions of young Europeans. Five years after the economic crisis struck the Continent, youth unemployment has climbed to staggering levels in many countries: in September, 56 percent in Spain for those 24 and younger, 57 percent in Greece, 40 percent in Italy, 37 percent in Portugal and 28 percent in Ireland. For people 25 to 30, the rates are half to two-thirds as high and rising.

Those are Great Depression-like rates of unemployment, and there is no sign that European economies, still barely emerging from recession, are about to generate the jobs necessary to bring those Europeans into the work force soon, perhaps in their lifetimes.

This link should direct you to the graph comparing unemployment rates among youth in different countries.

Let me say upfront that I think anyone who wants to go to college should be able to do so.

The best way to make that happen is to lower the cost of college.

That won’t happen by collecting data about college costs and completion rates, but by public subsidies to make college affordable.

President Obama has set a goal that by 2020, the U.S. would have the highest college graduation rate in the world.

But why?

The Bureau of Labor Statistics has projected that two-thirds of the new jobs created between 2008 and 2018 would not require a college degree.

They will require on-the-job training, as well as responsibility and character, with such traits as showing up for work every day on time.

These are jobs in the construction trades, health aides, fast-food workers, customer-service agents, retail clerks, etc.

It is interesting to note in the New York Times graph that Germany, whose college graduation rate is far lower than ours, has one of the lowest youth unemployment rates in Europe.

Why? They have not outsourced their manufacturing base; they have high quality school programs for students who do not want to go to college. They have good jobs and a strong economy.

What is the lesson here?