Attention Economy


Saturday, November 26, 2022

Does Everyone Need a College Degree?

Employers Rethink Need for College Degrees in Tight Labor Market
https://www.wsj.com/articles/employers-rethink-need-for-college-degrees-in-tight-labor-market-11669432133
Google, Delta Air Lines and IBM have reduced requirements for some positions 



My take (from Jan 2022): Is the US higher education bubble about to burst?
There appears to be a growing skill-mismatch between the degrees pursued by students and those actually sought by employers. Additionally, U.S. productivity growth has remained subdued even as the share of workers with college degrees has risen. Various structural factors have also affected the returns to college education in recent decades.
The sustained high demand for college education resulting from misaligned incentives, misguided policies and societal pressures has led to a U.S. higher education sector that is characterized by runaway expenses, administrative bloat and less-than-ideal admissions policies. It may be time to burst the higher education bubble.