As many as 258 million workers in the world are currently overeducated for their jobs, according to new data released by the International Labour Organization.
The bulk of those overeducated workers are in higher-income countries, while undereducated workers are more prevalent in lower-income countries. As illustrated above, overeducated American workers represent 27% of their national workforce, whereas half of the Uruguayan workforce is undereducated.
In total, more than 935 million workers were found to be in jobs that don’t match their educational level, 72% of whom are undereducated. The latest ILO data covers 114 countries of varying regions and income levels, “which means the actual global figures are probably much higher.”
The discrepancy between low- and high-income countries was put down to their disparate economic composition. In low-income countries, “employment is concentrated in low-skilled occupations,” while the opposite is true in high-income countries.