Too Many Ph.D.’s and Professionals?

The Chronicle of Higher Education:  “I presented evidence that a large portion of those receiving bachelor’s degrees at American colleges and universities these days are getting jobs requiring less-than-college-level educational skills. . . . Looking at BLS data for 2008, over 10,500 persons with Ph.D. or professional degrees were employed as “cashiers” (excluding gaming); over 27,400 were retail salespersons; and well over 4,700 were hairdressers, hairstylists, or cosmetologists.”