Why college grads need non-college grads to succeed:
vary widely, while the cost of living is rising rapidly in many cities to which new graduates migrate to find good jobs. Many wonder if a college education is still a worthwhile investment, while others believe college is the only viable path to a middle-class life, making a degree worth almost any price.
But here’s a counterintuitive idea: What if this anxiety isn’t just about debt or expected salaries or cost of living—what if it’s also a reflection of career insecurity that is rising from the bottom of our economy up? What if middle-class families and college graduates are sensing that the system failing America’s working class today is likely to failDon’t believe me? Look at how our conventional wisdom that learning will translate into earning is already failing.
Far too many employers use a college pedigree as a crutch—a simplistic shortcut when they lack an efficient way to narrow down their applicant pool. Because of this, the U.S. labor market is deeply broken for over 100 million working adults who never earned a four-year degree. Tens of millions have valuable skills they’ve learned on the job, in community colleges and universities, in non-paid work for their communities and in"last mile" training, such as trade schools.
And the devaluation of degrees has the potential to get even worse as technology transforms our economy.estimate that by 2030, around 85% of the jobs that today’s learners will be doing are jobs that haven’t been invented yet. New technologies will require constant skill upgrades. What good will a 2019 degree mean in a 2030 market? We have no idea.
This isn’t just goodwill—it’s good economics. If we rewired the labor market to work better, learning—wherever, whenever and by whomever—could lead to earning, and if you can do the job, you can get the job. For Americans without a four-year college degree, they’d have a fairer shot at career opportunity, better earnings and a meaningful place in our economic future.
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