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Today’s College Graduates: In Debt and Unable to Find a Job

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The American mythology that getting a good job requires a college degree is turning out to be a hollow promise, a mythology devoid of any connection to reality. Today's college graduates are being weighed down with tens of thousands of dollars in student loan debt, and many of them are either unemployed or working in jobs that don't require a college degree. A recent study has shown that half of recent college graduates can't find jobs. Those who graduated since 2009 are three times more likely to not have found a full-time job than those from the classes of 2006 through 2008. Of those who did find a job, the study indicates that 43 percent had jobs that didn't require a college degree. Sure the top 10% will get jobs right out of college, but for everyone else disappointment in the job search abounds. Even recent PhDs are facing stiff competition for fewer available jobs, and many of them end up driving taxis for a living. At the same time that college graduates are not finding work, there are 3.7 million job openings, but these are the kinds of jobs college graduates aren't equipped to do.

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