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And the education bubble goes 'POP!

Graduates of the University of Alabama's class of 2011. The economic downturn has hit recent college grads hard. New data show only half of those who graduated from 2006 to 2011 are working full time.

It turns out, I underestimated the value of a college degree when I wrote this morning that one qualifies you to pour coffee. It also qualifies you to be a cashier at McDonald's.

No, seriously.

Check out this job posting, flagged by the Washington Examiner's Paul Bedard.  A bachelors degree is now required to work as a cashier at this Massachusetts McDonald's:

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