Tuesday, January 29, 2013

CCAP: 48% of workers over-educated for their jobs

The center on College Affordability and Productivity release a report in January 2013 detailing that the workforce may be over educated compared to actual job requirements. The paper, called "Why are recent college graduates underemployed." is here. 

There are several highlights in the report.

We maybe over investing in college education. While the pay premium due to a college education is large, not every will find a good paying job.

College education may not be the answer to rising unemployment or increasing earnings.

One is that 48% of recent college graduates are in jobs that require less than a college education.  Eleven percent require less than a college education and 37% require only high school level knowledge or less.

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