1 in 3 companies are ditching college degree requirements for salaried jobs
The use of a college degree to filter out large numbers of job applicants is no longer necessary. Certainly, there are many jobs that require specialized skills, but half of all college grads say they work in jobs not requiring a college degree. The degree was primarily a filter.
Furthermore, as the working influx crested the government began an expansive program of importing workers via immigration – which kept competition for jobs, high.
Much detail on the impact immigration has had on job markets in the US by generation: Demographics: Why some might not support immigration – Coldstreams
In STEM fields, 25% of the workforce is foreign born, and in some regions of the U.S., the percent of tech workforce that is foreign born rises to about 50-70% (Seattle, Silicon Valley). Half of all STEM PhDs working in the U.S. are foreign born.
Immigration: 18% of US workers are foreign born – Coldstreams
