If you believe the hype, America may have our first generation of overqualified graduates. The Millennials have their oversold degrees, so they are having to settle for jobs they believe to be beneath them.
These are the people who only look forward to red lights, so they can finish texting, and they believe they are too qualified to work.
A college graduate is as useless as a trap door on a kayak for the most part. But this new group of graduates are smarter than their predecessors, aka the old farts.
The millennials are the geniuses that bet on Obama. They bet on Liberalism; believed in “hope and change.” Now they are the most oppressed generation, saddled with debt.
This video suggest that even with all the technology available, millennials will still struggle in this job market:
Yet the more oppressed their situation, i.e. minority, ethnic minority, or stupid degrees, the more they were promised success from Obama. So much for the promise of Liberalism, dressed as a smooth-talking snake oil salesman.
From this survey of 548 millennials in the U.S. we find that 35 percent of millennials with a bachelor’s degree got a job that didn’t require a college degree, and that’s for the fortunate few who actually have jobs. Most of the millennial are still rooming with Mom and Dad, or making due another way. They are not on their own, because they are saddled with that student loan debt, said to be well over $1 trillion.
Since there has been no recovery, millennials are settling for the “jobs Americans typically don’t want,” taking the first offer they get, even if they are supposedly overqualified for the position. Is there really such a thing?
If you need a job, nothing should be beneath you. Nevertheless, they have a term for this. It’s called “underemployment,” a term that has become vogue in the Era of Obama.
According to a 2013 study by the Center for College Affordability and Productivity, the number of college graduates entering the workforce will be more than double the jobs available that require at least a bachelor’s degree.
Brooks Holtom, associate professor of management at Georgetown University’s McDonough School of Business explains it this way:
“These students are graduating with more student debt on average than any previous generation…While there is abundant talk of work-life balance concerns for this generation, the hard realities of debt and low expectations for salary growth emphasize the importance of starting with the best pay possible at the first job.”
I see a millennial revolt happening, as this group starts blaming the ones who created the problem.