Underemployment Continues Among Young Graduates

Coverage of the looming higher education bubble just won’t go away. A new Rutgers University survey finds that only half of the graduates from 2006 to 2011 are working full time jobs. Close to half of the graduates who do have full time work have jobs that don’t even require a college degree, according to NPR’s coverage of the survey.

We’ve been watching the higher education bubble for a while now, both here at the blog and in the magazine. Our feature story from last year explored the factors contributing to a possible bubble, including the alarming increase in student loan debt and the inflated value of a college degree.

Coverage of the higher education bubble, student loan debt, underemployed young graduates, and the worth of a college degree has been surprisingly scarce on remedies for weathering the storm.

If the value of a college degree is in fact deteriorating, as many believe, those most likely to come out on the other side will have to find ways to get more out of their college experience. And as we’ve noted many times before, fraternities are uniquely positioned, if you’ll forgive the catchphrase, to offer this value.

If there is a higher education bubble, and if it bursts, tapping a network of support will be even more important as a growing number of applicants seek a relatively fewer number of jobs. The social skills absorbed from fraternity membership, combined with the applied career and life skills learned from the LEAD program, will give an edge to the members who took full advantage.

“In our very technological society, we need people who are very effective at relationship building and that value the importance of connecting with people and solving problems together,” McKeirnan says.

Read our full story here.

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