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Based on my personal experience and that of friends and acquaintances, 23-24 year olds with a bachelor degree working at Starbucks (or equivalent) is not at all

Based on my personal experience and that of friends and acquaintances, 23-24 year olds with a bachelor degree working at Starbucks (or equivalent) is not at all rare. The 'crisis' may be overblown by the media a bit, but it is definitely not something that can be ignored. Every media and politic mouthpiece also said everything was perfectly fine, right up to the 2008 crash. I take anything like this with a healthy dose of salt.

jackmaney 10y ago
Yeah, I'm actually pretty damn disappointed that NPR would print such garbage. They used to be more respectable than that. Now, they'll apparently publish any idiotic claim, whether or not it has any evidence whatsoever to back it up.
petsormeat 10y ago
Heck, that's what I did--25 years ago. The low value of many bachelor degrees in terms of employment has been a common experience for a lot of Americans.
erroneousfunk 10y ago
It's not all that rare, but it's not as common workers without college degrees working as baristas. Here's a post from the New York Fed: http://libertystreeteconomics.newyorkfed.org/2016/01/working-as-a-barista-after-college-is-not-as-common-as-you-might-think.html#.V5oTmZMrLq2 http://libertystreeteconomics.newyorkfed.org/2016/01/working... Your odds of working in a low skilled service position or manual labor job without a college degree (as a young person) are a little over 50%. With a college degree, it's about 25%/
- SerLava 10y ago
  Still, the remaining 25% have a lot worse financial situation due to student loans.