Tuesday, April 2, 2013

250,000 - That is the Number of College Graduates Working for Minimum Wage


How Many College Graduates are NOT Using Their Degrees?

A strikingly disappointing, albeit not shocking, article from Huffington Post cites various sources in reporting that roughly 250,000 college graduates are currently working for the minimum wage.  Here are two excerpts from the article I found striking:

About 284,000 Americans with college degrees were working minimum wage jobs last year, according to the Wall Street Journal. That’s 70 percent more college grads working for the minimum wage than 10 years ago.

Use to Mean This....
Nearly half of the college graduates in the class of 2010 are working in jobs that don’t require a bachelor’s degree and 38 percent have jobs that don’t even require a high school diploma, according to a January report from the Center for College Affordability and Productivity. The report called into question whether too much public money is being spent on providing students with degrees that make them overqualified for the only jobs that are available.

This follows a similarly bleak article from Forbes.com stating that roughly half of 2012 college graduates are currently unemployed or underemployed.

Not This....
However, there is hope out there.  Unemployment rates continue to fall, and 15 of the world's best companies currently have nearly 25,000 available positions posted.

In the grandest tradition of this great country, we just need to keep pushing, just as we did when we settled the West, survived the Civil War and VietNam, and established equal rights for women and minorities.  We can do it, but it seems as though nothing easy will be handed to the Millennials or Generation Y.

John A. Gallagher is an employment lawyer who represents employees in Pennsylvania.

Click Here if you have questions about any aspect of employment law, from wrongful termination, to wage and overtime claims, to discrimination and retaliation laws, to Family and Medical Leave…

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