Thursday, July 3, 2014

Bottom Line: More College Graduates than Jobs Requiring College Degrees

Congrats on That Diploma. You May Not Need It (Richard K. Vedder) from Bloomberg
"...increasingly, today’s college graduates face an uncertain future, and many will end up taking jobs historically done by those with high school diplomas or even less -- construction workers, taxi drivers, restaurant wait staff, janitors. More than 1 million college graduates are retail salespeople -- about twice the number of active-duty U.S. Army personnel. ... this is a long-term problem: There are simply more college graduates than jobs requiring college degrees. The problem will probably get much worse in the next decade."

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