Looking at survey data from 2009 to 2013 of underemployed college graduates--those aged 22 to 27 with at least a bachelor's degree--the Federal Reserve researchers found that, of the underemployed college graduates "nearly half were working in relatively high-paying jobs, in information processing and business support, as managers and supervisors, or in sales."
Which begs the question -- does one really need a 4 year college degree to get those kinds of jobs?
“relatively high paying” relative to what?
Relative to those working for minimum wage?
I sold TV’s and VCR’s in a department store for about a year after graduating college, because the local economy had tanked.
Finally I conceded that I’d have to leave town to grab that first rung on the ladder and things started to improve.
Wasn’t all bad. I could pay my student loan and the job gave me health insurance.
Depends on what the definition of high-paying is. My guess that those positions pay $50-60K. Not high paying anymore
Today we have so many people walking around with useless "degrees".
What SANE employer is going to hire someone with a useless degree.
First, what education the person does have, doesn't apply to the job.
Second, the "education" shows someone who approaches life through an agenda vs reality.
“Which begs the question — does one really need a 4 year college degree to get those kinds of jobs? “
Yes. Many companies now require a masters degree just to get in the door for an interview.
Yeah, they probably can’t even get jobs as Baristas anymore.
**many of those who started their careers in a low-skilled service job transitioned to a better job after gaining some experience in the labor market**
In other words, things are normal.
Colleges have scammed people with useless degrees. Engineering- good, Medicine -good. Lawyer-good. Liberal art degrees you end up being a highly educated cashier.
” “nearly half were working in relatively high-paying jobs, in information processing and business support, as managers and supervisors, or in sales.”
“
What about the other half? Un/under employed?
I graduated in 1981 with a degree in Business Computer Programming.
Selling microcomputers for two months was my unemployed period before landing my first programming job.
Happy birthday Liz.
Not a myth entirely - I know two of them, both with business degrees, both small business owners. Their staff/co-baristas are the usual mix of millennials, but the folks who have to make payroll need every break they can get.
One weekend I was picked up by a truck driver who said he had a bachelors degree in physics. It caused me to wonder if I was making the right choice of major subject.
However, things did work out. I had a good career in the Air Force doing R&D, and after that a career as an engineer at a research institute.
Getting a meaningful degree is the real key to employment.