Some experts say the value of a bachelor’s degree is fading and more emphasis should be directed toward career training. A growing number of companies, including many in tech, are also dropping degree requirements for many middle-skill and even higher-skill roles.
The “labor shortage”, “fertility rate”, demand for workers with a college degree are all related.
Wrote about this topic previously: Demographics, Education: Premium pay for Masters degrees falls – Coldstreams
From population demographics, the cohort of young new workers in their 20s is now becoming smaller than previous cohorts. For the past few decades, thanks to the Baby Boom and the Baby Boom Echo, new workers had to compete with each other for good jobs – that meant acquiring more education, often at name brand and elite universities, to stand out from the crowd.
More articles on similar topics: Search Results for “college degree” – Coldstreams