The Rabbi
Diamond Member
- Sep 16, 2009
- 67,733
- 7,923
Yeah that doesnt really change things.Yeah, but reality doesn't work that way. For many fields, you need at least a Masters degree to be competetive in the job market so not working in your field with only a Bachelors is the norm and not an overall labor market problem. For other fields, such as any of the performance arts, a degree is not a requirement and is may not help at all for a job. And many jobs want a degree but don't care what it's in, so the person is technically not working in a job that requires their degree. And again, many people choose not to work in the field they studied. A lot of computer experts I know have their degree in some other field entirely.Typically "underemployed" refers to a situation where someone is in a job that does not require the degree he has. So yeah the BA in Fine Arts waitressing is underemployed. In a better world she/he would be working in an art gallery of museum and using the knowledge gained in the degree.While I'm not certain he's going that far, I do find it puzzling that he would dismiss the research of a FRB.No, no. Assclown is certain the Fed is "just a bank." Like the place where you go to cash a check or have your paycheck deposited. They couldn't possibly produce anything like, gasp, research.The problem is that you'rePoor, ignorant, jester. It doesn't just have "bank" in the title, it calls itself a bank. It does so for the simple reason that it IS a bank. But stay stuck on stupid. At this point, all that remains is the pure entertainment value your ignorance provides.
his point is that by dismissing their research because they're a bank you are equating the FRB with a consumer bank. Which is not a good comparison. The FED produces major economic indidicators and the fed reserve banks conduct serious research.Look at the forum jester ... he idiotically thinks a bank has to offer CDs to be a bank.
And again, there is no standard or official definition of underemployed.
However....there is a problem with defining "underemployed." If someone with a Bachelors of Fine Arts is working as a waitress, is that really below their skills and abilities or is it more the norm? And many people choose not to work in the fields they studied in college. So are they really underemployed if the decision was voluntary? There are just too many non-economic factors for someone working outside their official education/skills to make that definition of underemployment meaningful. It's just too subjective and too unreliable for aggregation.
Underemployed refers to people doing jobs that don't require whatever degree they have.