ARTICLE:
With the job market being what it is, you've undoubtedly heard of college grads working dead end jobs as baristas, or abandoning their degrees to be professional servers. But how many, exactly, are working throw away jobs? According to the Federal Reserve Bank of New York, less than you think, but more than we're used to. The study found that 44% of recent college grads were underemployed, that is, working in jobs that did not require their level of learning. And while that is certainly high, it is also the same number of underemployment seen in 1994. The difference, however, is the nature of underemployment. In the 1900s you may be working as an admin assistant with a degree and be underemployed. Today, you may be walking dogs, serving coffee and taking season jobs. We're seeing less jobs at the $45K range and more at the $25K range, with a shifting of numbers from "good non college jobs" to "low wage jobs." But, the author argues, it only reflects a shift in the broader economy, which is one of middle class low wage service work.
SITE: http://www.theatlantic.com/business/archive/2014/01/the-growth-of-college-grads-in-dead-end-jobs-in-2-graphs/283137/
