As more students obtain bachelor's degrees, the importance of
higher education is getting watered down. In fact, millions of graduates are settling for
underemployment.
Richard Vedder of The Chronicles of Higher
Education writes, "Some 17,000,000 Americans
with college
degrees are doing jobs that the Bureau
of Labor Statistics says require less than the skill levels associated with a
bachelor’s degree." These alumns are becoming flight
attendants, retail sales people, and even shampooers at hair
salons.
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