The Inflation Problem Nobody is Talking About
Voters rank inflation as their top concern as prices continue to rise at the fastest pace in 40 years. And though the inflation conversation tends to center on consumer goods and energy, something else has become much more expensive than before: job qualifications, especially for work in the public sector. Rolling back an overreliance on college degrees can help.
Employers increasingly equate college degrees with job readiness, even for jobs that do not need that investment. When employers require degrees for low or middle-skill positions, the resulting phenomenon is called “degree inflation.” These positions have not required college degrees in the past and have not seen an increase in job responsibilities. Instead, possession of a college degree has simply become the primary box to check.
We Need More Skills Rather Than Degree-Based Hiring Practices