Where Are All the Jobs?

As a freshman college student, I am concerned that there won’t be any jobs when I graduate.  More and more, I go into a retail store and I see people working as cashiers who have recently earned their Master Degrees.   Currently 53% of college graduates are jobless which equates to millions of people.   Now, experts are saying that a college graduate is more likely to work as a “waitress, waiter, or bartender then an engineer or chemist.”  This is really discouraging news.   I have to ask, where are all the jobs?  For starters, people with a bachelor’s degree have grown 38% in the last 10 years.  At that rapid increase, the job openings have to increase as well.  However, they are not, and more and more jobs are being moved overseas.   I understand that American companies outsource abroad to save money.  Why would an employer pay an American $20 an hour, when they can pay someone overseas $10 an hour?  From a profit standpoint, I understand the process in that if the cost is lower the margin is higher.  However, to change this trend, I feel the government needs to implement laws to tax American companies using offshore labor.  This will make the financial benefits of offshoring jobs less appealing which in turn may redirect their hiring efforts to local applicants and college graduates.  We have over a million educated graduates ready to work and they need that door to open.  There’s a popular phrase called “made in America”.   I think we need to start a movement called “hire in America”.