Once again, June has come and gone–and, with it, an annual rite of passage for tens of thousands of college students: Graduation.
That occasion when young innocents formally leave the academic nest to make their way into the harsh realities of the workplace.
Among those harsh realities: The average college graduate with a bachelor’s degree faces an average student loan debt of approximately $29,550. The average total student loan debt (including federal and private loan debt) may be as high as $40,681.
But wait! There’s something even more demoralizing awaiting these “heirs of tomorrow.”
The discovery that, for all the “we hire only the brightest” rhetoric by employers, having a college degree actually means little to most CEOs.
A February 23, 2024 story on the CBS News website is headlined: “More than half of college graduates are working in jobs that don’t require degrees.”
The story cites a study by the The Burning Glass Institute, which found: More than half of Americans who earned college diplomas work in jobs that don’t require a bachelor’s degree or utilize the skills acquired in obtaining one.
Even worse, they can get stuck there for the entirety of their careers.
“What we found is that even in a red-hot economy, half of graduates are winding up in jobs they didn’t need to go to college to get,” Burning Glass CEO Matt Sigelman told CBS MoneyWatch.
Examples of such jobs include the retail, hospitality and manufacturing sectors.
A student’s choice of major can make a huge difference. Only 23% of nursing students are underemployed, while 68% of criminal justice majors are. However, focusing on science, technology, engineering and mathematics does not guarantee college-level employment and high wages, the study found.
Many college graduates remain underemployed even 10 years after college. The reason: Employers focus on job candidates’ recent work experience, rather than on a degree that was earned a decade ago.
But the future isn’t completely bleak—at least not for women willing to transform themselves into glorified babysitters for obscenely-rich families.
Consider a post on Facebook by AC Connections, which describes itself as “a nanny and household placement agency.”
Under the headline, “Growing Nanny Industry Is Enticing More College Graduates,” the ad/article begins:
“As more college graduates leave school and struggle to find work, they’re turning to the nanny industry.
“Many working moms love the idea of a highly-educated, experienced nanny providing individualized care for their children in their own homes. But it can come with a substantial price tag.
“These ‘modern day Mary Poppinses’ are educated, experienced, and in increasingly high demand.”
The International Nanny Association claims that the average salary for nannies is about $25 an hour.
The AC Connections ad asserts that “highly qualified and educated nannies in certain locations can make $100,000 or more each year. It’s not uncommon for nannies to start out with salaries comparable to entry-level finance careers.”
Besides the money, says the ad, there are other reasons for becoming a nanny:
“Many love working with children, want a chance to use their college education, or enjoy the role of caretaker.”“
A chance to use their college education”? As in cleaning up spills, changing diapers and feeding baby food to infants?
So if you’re a college graduate who can’t convince an employer within your chosen profession—such as pharmacy or engineering—to hire you, there’s always the Mary Poppins option.
Or some similar menial “career” that caters to the indulgences of the American plutocracy, for whom $25 an hour amounts to a Snicker’s candy bar for the fast-disappearing middle class.
But if you’re still thinking that employers really respect that degree, consider this: Job recruiters spend exactly six seconds examining your resume.
Dawakhuu, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
According to The Ladders research, recruiters spend an average of “six seconds before they make the initial ‘fit or not fit’ decision” to interview you.
Not hire you—just meet you. You’ll still have plenty of chances to get shot down during or after the interview.
According to the study, when scanning a resume, recruiters looked at the following items:
- Your name
- Current title and company
- Current position start and end dates
- Previous title and company
- Previous position start and end dates
- Education
An article in the March, 2011 issue of Reader’s Digest, entitled “22 Secrets HR Won’t Tell You About Getting a Job,” lays bare many brutal truths about employers.
Among these:
After you’re unemployed more than six months, employers consider you unemployable.
It’s not what but who you know that counts.
It’s harder to get a job if you’re fat, since fat people are usually assumed to be lazy.
Cover letters are often ignored, going directly into “the round file.”
The more you can get the interviewer to talk—especially about himself—the more likely you are to be hired.
American employers should be legally compelled to hire as responsibly as college students are expected to pursue an education.
Until this happens, those young men and women thinking of committing a big chunk of their time and going into massive debt to pursue a college degree should think twice before doing so.
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GO TO COLLEGE–AND BECOME A BABYSITTER
In Business, History, Law, Social commentary on July 25, 2025 at 12:05 amOnce again, June has come and gone–and, with it, an annual rite of passage for tens of thousands of college students: Graduation.
That occasion when young innocents formally leave the academic nest to make their way into the harsh realities of the workplace.
Among those harsh realities: The average college graduate with a bachelor’s degree faces an average student loan debt of approximately $29,550. The average total student loan debt (including federal and private loan debt) may be as high as $40,681.
But wait! There’s something even more demoralizing awaiting these “heirs of tomorrow.”
The discovery that, for all the “we hire only the brightest” rhetoric by employers, having a college degree actually means little to most CEOs.
A February 23, 2024 story on the CBS News website is headlined: “More than half of college graduates are working in jobs that don’t require degrees.”
The story cites a study by the The Burning Glass Institute, which found: More than half of Americans who earned college diplomas work in jobs that don’t require a bachelor’s degree or utilize the skills acquired in obtaining one.
Even worse, they can get stuck there for the entirety of their careers.
“What we found is that even in a red-hot economy, half of graduates are winding up in jobs they didn’t need to go to college to get,” Burning Glass CEO Matt Sigelman told CBS MoneyWatch.
Examples of such jobs include the retail, hospitality and manufacturing sectors.
A student’s choice of major can make a huge difference. Only 23% of nursing students are underemployed, while 68% of criminal justice majors are. However, focusing on science, technology, engineering and mathematics does not guarantee college-level employment and high wages, the study found.
Many college graduates remain underemployed even 10 years after college. The reason: Employers focus on job candidates’ recent work experience, rather than on a degree that was earned a decade ago.
But the future isn’t completely bleak—at least not for women willing to transform themselves into glorified babysitters for obscenely-rich families.
Consider a post on Facebook by AC Connections, which describes itself as “a nanny and household placement agency.”
Under the headline, “Growing Nanny Industry Is Enticing More College Graduates,” the ad/article begins:
“As more college graduates leave school and struggle to find work, they’re turning to the nanny industry.
“Many working moms love the idea of a highly-educated, experienced nanny providing individualized care for their children in their own homes. But it can come with a substantial price tag.
“These ‘modern day Mary Poppinses’ are educated, experienced, and in increasingly high demand.”
The International Nanny Association claims that the average salary for nannies is about $25 an hour.
The AC Connections ad asserts that “highly qualified and educated nannies in certain locations can make $100,000 or more each year. It’s not uncommon for nannies to start out with salaries comparable to entry-level finance careers.”
Besides the money, says the ad, there are other reasons for becoming a nanny:
“Many love working with children, want a chance to use their college education, or enjoy the role of caretaker.”“
A chance to use their college education”? As in cleaning up spills, changing diapers and feeding baby food to infants?
So if you’re a college graduate who can’t convince an employer within your chosen profession—such as pharmacy or engineering—to hire you, there’s always the Mary Poppins option.
Or some similar menial “career” that caters to the indulgences of the American plutocracy, for whom $25 an hour amounts to a Snicker’s candy bar for the fast-disappearing middle class.
But if you’re still thinking that employers really respect that degree, consider this: Job recruiters spend exactly six seconds examining your resume.
Dawakhuu, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
According to The Ladders research, recruiters spend an average of “six seconds before they make the initial ‘fit or not fit’ decision” to interview you.
Not hire you—just meet you. You’ll still have plenty of chances to get shot down during or after the interview.
According to the study, when scanning a resume, recruiters looked at the following items:
An article in the March, 2011 issue of Reader’s Digest, entitled “22 Secrets HR Won’t Tell You About Getting a Job,” lays bare many brutal truths about employers.
Among these:
After you’re unemployed more than six months, employers consider you unemployable.
It’s not what but who you know that counts.
It’s harder to get a job if you’re fat, since fat people are usually assumed to be lazy.
Cover letters are often ignored, going directly into “the round file.”
The more you can get the interviewer to talk—especially about himself—the more likely you are to be hired.
American employers should be legally compelled to hire as responsibly as college students are expected to pursue an education.
Until this happens, those young men and women thinking of committing a big chunk of their time and going into massive debt to pursue a college degree should think twice before doing so.
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