Degree Inflation Hurting Bottom Line of U.S. Firms, Closing Off Economic Opportunity for Millions of Americans
Found on Havard Business School on Saturday, 25 November 2017
According to new research released today, more than six million middle-skills jobs in the U.S. are now at risk of “degree inflation”—the practice of preferring or requiring a college degree for jobs that were traditionally held by middle-skills workers.
The trend impacts positions such as supervisors, support specialists, sales representatives, inspectors and testers, clerks, as well as secretaries and administrative assistants. Those jobs were traditionally held by many middle-class Americans without a college degree. When the same job is posted today with the minimum education requirement of a college degree, it is placed beyond the reach of Americans who may not have a college degree, but do have relevant experience.
You should pick the "right tool for the job". Sadly, too many think that a college degrees automatically makes the person better than others, so naturally, more and more want such a degree. As a result, the quality of a degree these days is lower than a few decades ago.