Reading CITY A.M. a London business paper today, my eye fell on the following article by the editor who, if we are to believe the data given, points up a pretty bleak outlook for graduates:
By Allister Heath
October 24, 2013, 2:13am
1. In the US, over 8,000 waiters have PhDs or equivalent qualifications, as have 5,057 cleaners. Roughly 317,000 waiters have university degrees, as have 80,000 bartenders and 18,000 parking attendants. These figures have been highlighted by Richard Vedder of the University of Ohio, and are based on official statistics from 2010; today’s situation is unlikely to have improved. A similar trend is becoming visible in the UK, with more graduates having to take jobs for which they are over-qualified; and many bright, hard-working graduates from around the world work in London’s sandwich and coffee shops. A mismatch between the supply and demand of university degrees is an increasingly tragic problem
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