Check this out (from "Why Did 17 Million Students Go to College?"):
Over 317,000 waiters and waitresses have college degrees (over 8,000 of them have doctoral or professional degrees), along with over 80,000 bartenders, and over 18,000 parking lot attendants. All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree.Why do I ignore college degrees on a job application? Because they come a dime a dozen.
The relentless claims of the Obama administration and others that having more college graduates is necessary for continued economic leadership is incompatible with this view. Putting issues of student abilities aside, the growing disconnect between labor market realities and the propaganda of higher-education apologists is causing more and more people to graduate and take menial jobs or no job at all. This is even true at the doctoral and professional level—there are 5,057 janitors in the U.S. with Ph.D.’s, other doctorates, or professional degrees.
Me? Give me someone with five months of successful McDonald's experience any day. That person knows what work is all about.
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Here's a chart from the Bureau of Labor Statistics that shows how bad the education vs. employment chasm has gotten. Click on the image to enlarge it.
I'll bet every one of these people had big plans once they graduated and had this sheepskin in hand ...
* I once had the opportunity of being escorted to my Enterprise Rent-a-Car by a nice young man who had graduated from Michigan State with a degree in International Politics. To the school's credit, he drove responsibly and was well-mannered.