Friday, October 22, 2010

Underemployment: 5,000 PhD Janitors


Day after day we are reminded about high unemployment numbers. These numbers vary among states and ethnic groups. It's not pretty.

What is not often mentioned is the underemployment dilemma. The Bureau Of Labor Statistics says that 5,057 janitors have PhD's, doctorates, and professional degrees. They also estimate that 17 million Americans have college degrees they don't need for their jobs.

Things are worse than we thought.