Note: This is post #97 in a weekly video series on basic economics.

Warning for young people: having a college degree no longer guarantees you’ll be able to find a good job, much less have a promising career. Four-year college graduates with entry-level jobs actually earned more in 2000 than they’re earning today.

Choosing a good career requires planning beyond getting a college education, says Tyler Cowen of Marginal Revolution University. In this video he explains why you’ll want to carefully consider the career options available for your major, as well any specialized skills you’ll need to build outside of the classroom.

(If you find the pace of the videos too slow, I’d mend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Clickhereto see other videos in the Introduction to Economics series.