There are 18,000 parking lot attendants in the U.S. with college degrees. There are 5,000 janitors in the U.S. with PhDs. In all, some 17 million college-educated Americans have jobs that don’t require their level of education. Why?
The data comes from a the Bureau of Labor Statistics, and can be seen here in handy, depressing chart form:
At the Chronicle, where the below chart was posted, Richard Vedder argues that maybe we place too much importance on higher education, citing a new study by the National Bureau of Economic Research: