The Glut of College Graduates

by George Leef

Writing at the CCAP blog, Christopher Matgouranis shows how badly we have oversold college. He gives Bureau of Labor Statistics data on the prevalence of college degrees among people working in a number of occupations that most high-school students could easily learn — such as installing cable TV.

It is worth mentioning that this is not just a recent phenomenon. College grads have been spilling over into “high-school jobs” for many years, a point Frederic Pryor and David Schaffer made in their 1999 book Who’s Not Working and Why.

Obama wants to substantially increase the number of Americans earning college degrees, but what does he think they’ll do afterward?