NO DIPLOMA? NO PROBLEM
FROM https://spectator.org By Scott McKay
Last week, Fox Business had an article about the increasing trend whereby major companies are no longer demanding college degrees for jobs which used to require them.
No diploma? No problem.
More and more companies are scrapping college degree requirements for jobs. They’re not saying you shouldn’t seek higher education, but not having a degree won’t be a barrier for you to work in certain jobs at their companies.
Some of the 15 big companies saying “no bachelor’s degree is fine” include Google, Nordstrom, Bank of America, Ernst & Young, IBM and Apple.
The changes are coming as job seekers, as well as high school graduates, consider whether college is worth the skyrocketing cost.
You’re going to hear more and more about this. It’s partially explained by the fact we’re in a serious labor shortage now, but not completely.
A significant piece to this trend is that colleges simply don’t prepare kids for employment the way they did 20 or 30 years ago. Talk to business owners, and they will pull their hair out over how often their straight-out-of-college new hires are completely lost when it comes to the culture of the workplace — the demands they make, the things they can’t handle, the inability to just shut up and do what they’re assigned, and so forth.
So more and more companies are going to attack that problem by identifying bright kids out of high school they can train, and then molding them to be the employees they want while paying them much less in initial salary than they’re currently paying to college graduates.
Once that takes hold, look out — because lots of kids will realize an entry-level paid internship job is a whole lot better investment in a career than 150K in debt for some college degree that guarantees nothing.
When you hear again and again that higher education is a bubble waiting to burst, this trend is quite likely the pin which will pop it.
Comments are closed.
