“College for all” is being promoted by many, including President Obama, as being instrumental in ensuring a bright economic future for our nation.
But when I look at the actual numbers of the fastest growing jobs, I see that we may be “overeducating” our future workforce.
Did you notice that 60% do not require a degree?
Conventional wisdom has it that the demand for workers with college degrees is growing rapidly in the United States and will escalate. But the issue of what job qualifications will be important in the future and for whom is complex, with several threads of argument intertwined. First comes the very important question of how an individual can best prepare educationally to do well in the future labor market. Coupled with that question is the need for citizens to have an equal opportunity to attend and complete college, such access being key to the nation’s major problem of income inequality among racial and ethnic groups. Second is the question of how many college graduates the nation needs to produce, and with what skills, to ensure our national prosperity in an age of rapid technological change, globalization, and strong international competition….
Nevertheless, compelling evidence does not exist that there will be a rapid rise in the general demand for college graduates and a damaging shortfall in their supply sufficient to cause the United States to falter in the world economy….
The jobs that require postsecondary education credentials total 29 percent for 2004 and will rise to 31 percent by 2014. This is consistent with the very gradual increase in educational requirements that we have seen over the last six decades.
Related: College Has Been Oversold