“Almost half of the UK’s recent graduates are working in non-graduate jobs, demonstrating that pain continues to be felt in the labour market despite the start of economic recovery.”
– The Financial Times, today (behind a paywall). I’d add that this also suggests that some of the degrees that people have acquired – at some cost – are not marketable, and unlikely ever to be so. The whole idea that at least 50 per cent of the school-leaving population should go straight into higher education needs to be re-thought.
By coincidence, over at the Econlog blog, Bryan Caplan has this to say about the issue of “malemployment”. That is a term that deserves to be used more widely.