Quote:

All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree. The growing disconnect between labor market realities and the propaganda of higher-education apologists is causing more and more people to graduate and take menial jobs or no job at all. This is even true at the doctoral and professional level—there are 5,057 janitors in the U.S. with Ph.D.’s, other doctorates, or professional degrees.

http://chronicle.com/blogs/innovations/w....

college is overrated.

engineers are special

Need some context about what these numbers look like over the last 20 years. The last comment on that article shows that almost 20% of college grads held "high school jobs" in 1990.

If that number is now 17M/155M, then it's down to 11%.

Mrbill, thanks for the comment.
If someone is thinking of taking out a college student loan today, they should not assume they will automatically have a large (or even any!) post-grad income to pay it back. The data in the article should be one factor to consider for someone trying to make that decision. That was my only point and was why I titled my post "college loan pay-back on janitor's salary?" even though the linked article made no mention of what percentage of the grads had student loans. Certainly, some did.
The context of the numbers from the past 20 years would be interesting, but whether 11% or 20%, or going up or down is beyond the very limited point I was trying to make. (It might be relevant to some other analysis of the story that you might be thinking of, however.)
Having said that, let me stress that I think all education is valuable, that money spent on education is rarely wasted, and that a janitor with a college degree can be a wonderful thing. But anyone should be cautious about going into debt for a degree.

Yep. Agree with your statements. My comment was mostly because your quote used the word "growing", which itself isn't proven. So there's facts and opinion mixed in the article, but your point stands, debt is always something to think about.