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In 2012, Forbes contributor James Marshall Crotty published an article stating that about 60% of college grads in the US were not working by occupation. More to come, in 2014 report by the U.S. Census Bureau, it was said that about 74% of graduates with science, technology, engineering and math degrees used to end up in unrelated fields.
What is interesting is that they have a comparatively low unemployment rate in general, but some STEM graduates may get the jobs that do not match their occupation - (60% Of College Grads Can't Find Work In Their Field).
The other current problem is that not all of those who got the desired diploma will have a chance to use the skills any soon. About a half of those who finished college in 2010 are performing the duties that do not require a bachelor’s degree, and somewhat less than 40 percent of them are taking the jobs that do not require even a school diploma. A sad cartoon about a Master’s degree owner at a fast food cash desk is becoming true to more people every year.
So why is that? Some authors believe we’re overeducating the nation - (Half Of Recent College Grads Work Jobs That Don't Require A Degree). There are not enough jobs to provide all the graduates with a relevant position.
Some believe the college degree itself has become less valuable than it used to be. If 10 or 20 years ago it was enough to get a diploma to be more or less sure you’ll get a decent job, now it’s not that easy. Students have to have skills necessary not just to perform their duties, but to outdo the competition. Also, those who graduated with technical and scientific degrees are more likely to find a job than the students of humanitarian and art professions.
Needless to remind that the cost of education is higher than ever which results in students agreeing to start working on almost any job possible just to unload the loan burden. At the same time, many of them do not want to setlle with a barista occupation in a nearby coffee shop as working by profession would help paying off the loan faster. (Read also: Interesting Facts about British Education)
One of the possible solutions is refocusing from a 4-year college education to making specific skills attainable for people. You do not need to get a full degree in some cases. Here, online studying and short programs replacing the full education can be acceptable. Of course, this does not apply to high-qualification jobs like doctors. For them, a completed degree is the only option.
Today you have to think well what occupation to choose as you’ll have to be able to pay your bills in a recent future. We recommend paying attention to practical skills while learning in college, this can become a way to decrease your chances of ending up in a diner with a degree in liberal arts.