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Is the issue underemployment or elite overproduction?

It's lack of industrial policy, really, the fact that these people did good science until outsourcing started proves it. It's not cases of "got useless PhD at university no one ever heard of".

These people are counted in the U6 figures. U3 is only people without a job who have been looking in the past 12 months and haven’t found a job.

Underemployment historically low right now, your anecdotes are meaningless against the real data.