More Than Half Of College Graduates Are Working In Jobs That Don’t Require Degrees
By Jeff Altman, The Big Game Hunter
An executive summary of an article on CBSNews.com
More than half of Americans who earned college diplomas find themselves working in jobs that don’t require a bachelor’s degree or utilize the skills acquired in obtaining one.
The findings come as more Americans question the eroding value of a college degree, and as more employers are dropping higher education degree requirements altogether.
“What we found is that even in a red-hot economy, half of graduates are winding up in jobs they didn’t need to go to college to get,” Burning Glass CEO Matt Sigelman told CBS MoneyWatch.
Examples of jobs that don’t require college-level skills include roles in the retail, hospitality and manufacturing sectors, according to Sigelman.
A college degree, in itself, is not a ticket to a higher-paying job, the study shows.
“Getting a college degree is viewed as the ticket to the American dream,” said Sigelman, “And it turns out that it’s a bust for half of students.”
Many college graduates remain underemployed even 10 years after college, the study found.
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