3rd February 2013
And I’d say more than half are underqualified for their jobs.
Vedder, whose study is based on 2010 Labor Department data, says the problem is the stock of college graduates in the workforce (41.7 million) in 2010 was larger than the number of jobs requiring a college degree (28.6 million).
And yet the government keeps pushing people into college — at taxpayer expense. One of the pervasive flaws in modern public policy is taxpayer-funded oversupply of politically fashionable goods, such as college graduates, ‘family’ farmers, school administrators, and (dare I say it?) government employees.