Credential disconnection: a Marxist analysis of college graduate underemployment. Issue 2 (3rd May 2016) - Cunningham, Joseph
Abstract : Despite the world slowly recovering from the 2008 recession and reducing levels of unemployment, the problem of underemployment persists. Underemployment is a problematic work status determined by an array of factors, including hours worked, comparative wages, and various subjective elements. This particular employment condition is affecting a great number of college graduates, specifically in the realms of subjective underemployment where the skills and education obtained in one's college experiences are not utilized in one's occupation. In this way, college graduate underemployment (CGU) is the product of a dialectical interplay between higher education institutions and the world of work. A Marxist analysis is utilized here to parse out the nuances of this relation. Marx's original examination of capitalism illustrates how the forces of capital manipulate labor power as a commodity. Capitalist manipulation, coupled with technological dynamism and automation, gradually appropriate skills from the worker into the larger apparatus of capital. Formerly limited to manufacturing, this formal subsumption has now moved to modes of labor that require a college education, forcing college graduates, across nearly all disciplines, to assume work discordant to their degree. Moreover, with new labor paradigms consisting of disempowered part-time work, CGU will continue to be an obstacle that graduates must navigate, beckoning more critical educational experiences.