Evidence for an overeducated and underemployed crisis is presented in a report from the National Bureau of Economic Research (NBER) which came out Monday, March 25th, 2013 indicating that our higher education system is graduating more college graduates than there are jobs with the need for college graduate level knowledge and skills. An article that day from USA Today reported that ”Nearly half of working Americans with college degrees are in jobs for which they’re overqualified, a new study out Monday suggests. The study, released by the non-profit Center for College Affordability and Productivity, says the trend is likely to continue for newly minted college graduates over the next decade.” On the Huffington Post an article about the report was posted 03/26/2013 entitled: “Young College Grads Could Be Stuck With Their Dead-End Jobs Or Worse: Study”. It states that research indicates that 48 percent of recent college graduates are working in jobs that do not require that level of education and worse, around 38 percent are working in jobs that do not require a high school diploma! Further, the demand for graduates with technical degrees is also shrinking. The NBER reports that “high-skilled workers have moved down the occupational ladder and have begun to perform jobs traditionally performed by lower-skilled workers. This de-skilling process, in turn, results in high-skilled workers pushing low-skilled workers even further down the occupational ladder and, to some degree, out of the labor force altogether.”
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