Friday, February 15, 2013

Why Are Recent College Graduates Underemployed?

The idea of working towards becoming a nation of college graduates has a major problem according to a new report by the Center for College Affordability & Productivity.

There are not enough jobs that require a college degree.

Analyzing 2010 data from the U.S. Department of Labor, the report finds that of the 41.7 million working college graduates, barely half (51.9 percent) are working in jobs that require a bachelor's degree or higher. Thirty-seven percent are in jobs that require a high-school diploma or less. The rest (11.1 percent) are in jobs that require some postsecondary training such as an associate's degree.

In other words, there are 13 million college graduates working in jobs that don't require a bachelor's degree or more.

In 2010 the proportion of adults with degrees was 30 percent. This is five times higher than six decades ago. In the 50s or 60s the percentage of college graduates was in the single digits.

While the number of college graduates has soared, the jobs that require that expertise hasn't — forcing an increasing number of graduates to take jobs that historically didn't require a lot of education. Deseret News

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