“I wonder how accurate this is given that the study itself was done by a guy with a college degree, or higher...”
I suspect that because of the way UE gets counted that the levels of UE for college grads is significantly higher than 5%. “Overqualified” or “Underemployed” are 2 things your more likely to hear relating to college grad friends who are struggling.
“Overqualified” or “Underemployed” are 2 things your more likely to hear relating to college grad friends who are struggling.”
I personally work for one of those “big box” stores where most people make 8 or 9 dollars max. I know of several people here who have degrees, who were managers in top companies or otherwise more prosperous who now are making 8 or 9 bucks an hour. My step-son who graduated from Purdue with an engineering degree 2 years ago is doing odd jobs to keep going.
Perhaps more relevant than “people with college degrees have better jobs” is; “people who are more valuable to the work force still have the jobs”.