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  • The downward ramp

    The New York Times - 06/10/2014

    Andrew Sum, an economist at Northeastern University, is the lead author of a Brookings Institution paper published in March, “The Plummeting Labor Market Fortunes of Teens and Young Adults.” In an email, Sum wrote that “problems of mal-employment among young college grads had increased since 2000, leaving more of them in jobs that do not require college degrees and they earn much less relative to their peers in college educated jobs when they do so. Mal-employment involves working in jobs that do not require a four-year degree or higher level cognitive skills.” It’s not just baristas, either: many college graduates are working in stores like Target or Whole Foods.