The great degree deception: Half of US college graduates work jobs that don't require a diploma
More than half of recent US college graduates are working in roles that do not require a degree, according to the Federal Reserve Bank of St. Louis. Underemployment affects 41% of graduates, with some fields facing rates above 60%. Despite their education, many earn only modest wage premiums. Tech disruptions, automation, and employers dropping degree requirements are reshaping job markets, while vocational enrolments surge. The traditional link between higher education and economic mobility is weakening, especially among Gen Z men.
More than half of recent US college graduates are working in roles that do not require a degree, according to the Federal Reserve Bank of St. Louis. Underemployment affects 41% of graduates, with some fields facing rates above 60%. Despite their education, many earn only modest wage premiums. Tech disruptions, automation, and employers dropping degree requirements are reshaping job markets, while vocational enrolments surge. The traditional link between higher education and economic mobility is weakening, especially among Gen Z men.
