Obamanomics: Nearly 50% of College Grads Underemployed

Obamanomics: Nearly 50% of College Grads Underemployed

This is what happens when you elect people who hate the free market:

Obamanomics:  Has bachelor's degree in Aircraft Airframe and Powerplant construction.  Drives a taxi.  (Photo: wbaiv/Flickr)

Obamanomics: Has bachelor’s degree in Aircraft Airframe and Powerplant construction. Drives a taxi. (Photo: wbaiv/Flickr)

A new study finds that 48% of recent college graduates are now in jobs that do not require a bachelor’s degree, and 37% hold jobs that require just a high school diploma.

The study, titled “Why Are Recent College Graduates Underemployed? University Enrollments and Labor Market Realities,” was conducted by the Center for College Affordability and Productivity using employment data from the U.S. Bureau of Labor Statistics.

“Student-loan programs and federal assistance programs are based on some sort of implicit assumption that we’re training people for the jobs of the future,” says Richar Vedder, director of the center and a professor emeritus at Ohio University. “In reality, a lot of them are not.”

The study found that the proportion of over-educated workers is on the rise.

This has a direct impact on the unemployment levels of the black community, as only 18 percent of black Americans have a college degree.  If people with college degrees are taking the jobs blacks traditionally took, it leaves them out of luck.

It’s trickle down poverty, or, business as usual in the collectivist economy.

 

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