I wonder how you can reconcile the findings of this study with the insistence of the Powers-That-Be that education is the key to a bright economic future:
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.
“It is almost the new normal,” says lead author Richard Vedder, an Ohio University economist and founder of the center, based in Washington.
The number of Americans whose highest academic degree was a bachelor’s grew 25% to 41 million from 2002 to 2012, statistics released last week from the U.S. Census Bureau show.
Presumably, they’ll say that cab drivers, sales clerks, and janitors with college degrees make better cab drivers, sales clerks, and janitors, an assertion for which I don’t see a shred of evidence. My experience in life is that people who like the jobs they have are better at them (as well as vice versa). I’m guessing that the people who racked up big debts paying for college educations didn’t expect to end up as cab drivers, sales clerks, and janitors and aren’t happy that’s what they were able to get. Do I need to add that cab drivers, sales clerks, and janitors who didn’t rack up big debts for college have more disposable income than those who did? That they can buy cars and houses and clothes and all of things that contribute to economic growth?
We’ve had three consecutive presidential administration that’ve followed the will o’ the wisp of higher education as industrial policy. Enough already. What we need is more jobs that require college educations for the people with college educations to do. Concentrate on that for a while.