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A crisis of underemployment means finding a challenging job is harder than ever.
By Lauren F. Friedman published July 2, 2013 - last reviewed on June 9, 2016
A recent paper from the National Bureau of Economic Research found that college graduates today occupy jobs that require far less brainpower than those filled by their counterparts a decade ago. The cyclic demand for cognitive skills that peaked during the IT revolution of the late 1990s is now in decline as the bulk of the industry's needs shift from innovation to maintenance, the authors suggest. Today, "having a B.A. is less about obtaining access to managerial and technology positions and more about beating out less educated workers for the barista or clerical job." At right, a look at an employment market that's overcrowded at every level.
Photos by Shutterstock and istockphoto" />Sources: NBER, Center for College Affordability and Productivity, U.S. Bureau of Labor Statistics, U.S. Census Bureau
Photos by Shutterstock and istockphoto
