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In January, fewer than 1 in 5 of the jobs listed on the platform required a four-year degree or higher. Over half (52 percent) didn’t list any education requirements at all.
This is not a short-lived problem for college graduates, as the report indicated that those who start their careers underemployed are 3.5 times more likely to remain underemployed a decade later.
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In this year the unemployment rate of graduates from top universities was 10%. [33] In 2009, the employment rate of graduates who had bachelor's degree was in the 88% range. [34] In 2010, the employment rate of college graduates rose 3.2% in 2009 reaching 91.2%. [35]
A college degree's declining value is even more pronounced for younger Americans. According to data collected by the College Board, for those in the 25–34 age range, the differential between college graduate and high school graduate earnings fell 11% for men, to $18,303 from $20,623. The decline for women was an extraordinary 19.7%, to ...
As the tertiary education of most students in Western countries is fully or partially subsidized by government monies (because it takes place at a state university or public university or because the student receives government loans or grants), the underemployment of recent college graduates may also be an ineffective use of public resources ...
Those who don't and are deemed underemployed make about $20,000 less a year, and their wages are closer to those of a high school graduate rather than someone with a bachelor's degree.
According to the New York Federal Reserve Bank, about one third of all college graduates are underemployed, meaning they're employed below the value of their degrees. [47] That distribution has remained largely unchanged for thirty years, although the chance of being underemployed in a good job has gone down 28.0% for recent hirings, and 20.6% ...