Saturday, February 09, 2013

For this thousands are taking on massive debt!

Why are recent college grads underemployed?

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Three of the top four areas of growth 2010-2020 require less than a high school degree, Retail Salespersons 706,800; Home Health Aides 706,300; Personal Care Aides 607,000.

In the three occupations “retail sales person,” “cashier,” and “waiters and waitresses” there are more than 1.7 million college graduates employed, and the other fourteen occupations listed in the table employ almost one million more college graduates. There are, of course, many other occupations requiring little education with significant numbers of college graduates, such as taxi drivers (36,945 have college degrees—15.4 percent of the total), and parking lot attendants (16,138 have at least a bachelor’s degree—12.9 percent of the total).

1 comment:

Anonymous said...

Yes, the oversupply of college grads has been building for a very long time. Especially the supply of college grads who have a degree in something completely useless like "X studies" A somewhat newer phenomenon is the oversupply of college graduates with useless degrees who think they are entitled to high level positions immediately upon graduation