Recent college grads are not necessarily underemployed.
About 5% of them are functionally illiterate, and 30% have a low level of literacy. So waiting on customers at the local watering hole may be the right job for them.
Colleges pursuing "diversity" admit "underprivileged" applicants who need remedial classes - which apparently often fail to remedy. And my freshman daughter, at a "diverse" college, is in a 200-level chemistry class where the first subject covered was unit conversions - which she had already learned in (a much less "diverse") high school!
With the deterioration of the trade schools and apprentiseship programs in the US, “colleges” began the propaganda one must have a college “degree” to do well. Layer on top of this the diversity programs most schools are forced to accept and what you end up with is a substantial number of individuals pursuing degrees in areas foreign to their abilities or desires. Layer one more thing over these wherein high schools graduate a large number of mental midgets or wherein admissions in an effort to get cheeks in the seats and checks in the bank accept GD degrees or even life experiences for entry and the result is what we have...a large base of “degreed” applicants without the sense of how to turn on a light switch.