Why Are So Many College Graduates Driving Taxis?

http://blogs.cfr.org/renewing-america/2013/06/26/why-are-so-many-college-graduates-driving-taxis/

In his Bloomberg column, CFR Adjunct Senior Fellow Peter Orszag discusses recent research that finds that though an unprecedented number of American college graduates are employed in jobs that don’t require a college degree, the wage premium enjoyed by college degree-holders persists. Orszag states that if some of the researcher’s conclusions are correct–that the movement of these high-skilled workers into lower-skilled jobs is bringing down wages for manual workers even more–the value of a college degree could at least be found in avoiding this wage depression.

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