By Mark Memmott
Two interesting, and related, perspectives on the job market today.
First, NPR's Yuki Noguchi, on Morning Edition, explored a problem that some folks are having: "Getting a degree in down times can be a liability" if you're stuck with big debts and can't find work.
As Yuki reports:
"With the unemployment rate at 9.7%, sustained unemployment is afflicting even some of the most educated. Some fled to graduate school recently as a temporary safe haven from the economy, only to find themselves still without jobs. Many are applying for low-paying or nonpaying internships to try to fill in gaps in their resumes."
Here's her story:
The New York Times, meanwhile, looks at the many "overqualified" folks who are just glad to be working. They include Don Carroll of Missouri, who has an MBA and is "clearly overqualified" for his job running the claims department of a small moving company.
As the Times says, "conventional wisdom warns against hiring overqualified candidates like Mr. Carroll, who often find themselves chafing at their new roles. (The posting for his job had specified "bachelor's degree preferred but not required.") But four months into his employment, it seems to be working out well for all involved. It is a situation being repeated across the country as the aspirations of many workers have been recalibrated amid the recession, enabling some companies to reap unexpected rewards."
All this makes us wonder: