11% of people with Bachelor’s degrees are doing minimum-wage work. 20 million people without high-school diplomas are between 25 and 55, physically able to work, and report that they would want to work, but cannot find jobs. in addition to these, 22 million are in the workplace but are either unemployed (U-3) are only marginally attached (U-4) or work part-time despite seeking full-time work (U-6).
I’d say employers need to find those college graduates, train them so that they’re out of the unskilled labor pool, and fill the unskilled labor pool with the unemployed, underemployed, and out-of-the-workforce.
I think that’s exactly what the president’s Apprentice Program is designed to do.
It’s worse than I cited:
Percent of workers with bachelor’s degrees working BELOW prevailing FEDERAL minimum wage: https://fred.stlouisfed.org/series/BADEC8