I wonder how much of that is due to a big chunk of the STEM undergrad degrees (mainly science) being not so useful. Don’t think I’ve ever seen a scientist role requiring anything less than a PhD (at least nothing paying more then $40k a year) I find it hard to believe though, that the employment prospects for someone with an B.Eng. or B.S. CS are equally as bad for as someone with a B.A. in English or Psychology.