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As of December 2019, 41% of recent graduates and 33.8% of college graduates were working in jobs that do not require a college degree. Whereas traditionally underemployed means not working full time, here the definition is people working in jobs that shouldn’t require a college degree. These include STEM workers: https://www.newyorkfed.org/research/college-labor-market/college-labor-market_compare-majors.html

Notes: The underemployment rate is defined as the share of graduates working in jobs that typically do not require a college degree. A job is classified as a college job if 50 percent or more of the people working in that job indicate that at least a bachelor’s degree is necessary; otherwise, the job is classified as a non-college job. Rates are calculated as a twelve-month moving average. College graduates are those aged 22 to 65 with a bachelor’s degree or higher; recent college graduates are those aged 22 to 27 with a bachelor’s degree or higher. All figures exclude those currently enrolled in school. Shaded areas indicate periods designated recessions by the National Bureau of Economic Research“.
See interactive original here: https://www.newyorkfed.org/research/college-labor-market/college-labor-market_underemployment_rates.html. In the US system a “bachelor’s” degree is a four year university degree.

By Major (shows that the should not US should not be importing foreign workers): https://www.newyorkfed.org/research/college-labor-market/college-labor-market_compare-majors.html

H1B foreign “speciality workers” are foreign workers in “speciality” fields, which compete for US jobs on the same footing as US citizens. A college degree, by definition, involves specialization in a body of knowledge, with the exception of “general studies”. Foreigners with college degrees are shoving American college grads into non-college jobs, and shoving American high school grads into unemployment.

The US needs to stop importing foreign workers – whether educated in the US or abroad – and reinvest in K-12 education, including vo-tech.




See interactive originals here:
https://www.newyorkfed.org/research/college-labor-market/college-labor-market_underemployment_jobtypes.html
https://www.newyorkfed.org/research/college-labor-market/college-labor-market_unemployment.html
https://www.newyorkfed.org/research/college-labor-market/college-labor-market_wages.html