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Report: 284,000 College Graduates Held Minimum-Wage Jobs in 2012

Apr 2, 2013

by Suada Kolovic

Report: 284,000 College Graduates Held Minimum-Wage Jobs in 2012

Looking for a competitive edge when applying for that minimum-wage barista position at your local coffee shop? Turns out your newly minted bachelor’s degree might just be the edge they’re looking for.

According to the U.S. Labor Department, there were about 284,000 college graduates working minimum-wage jobs in 2012, including 37,000 with advanced degrees. Surprisingly, that’s down from 2010’s peak of 327,000 but up 70 percent from a decade earlier. And with many college graduates saddled with crippling student loan debt, it’s no wonder they’re accepting positions that are low-paying and low-skilled.

Of the 41.7 million working 2010 college graduates, about 48 percent work jobs that require less than a bachelor’s degree and 38 percent of those polled didn’t even need a high school diploma. Why the surge of low-paying jobs? Three-fifths of the jobs lost during the recession that paid middle-income wages have been replaced with the low-wage variety, according to the National Employment Law Project. (For more on this report, click here.)

To our college student readers, does this report alter your perspective on getting a college education? Why or why not?

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



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