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Half the issue is that all these people have done exactly that: we now have a glut of college educated young people, with supply outstripping demand, while the
by abstractbeliefs 9y ago
Half the issue is that all these people have done exactly that: we now have a glut of college educated young people, with supply outstripping demand, while the opposite is the case in the trades. The salaries each can command reflects this.
The tradesmen telling their children to go to uni do so based on their experience in a generation where there were far more tradesmen, with poorer salaries, and poorer worker protections. What we actually need in the workforce is _balance_.
A really good example of where this has gone wrong is over here in the UK: now, 50% of young people are expected to go to university and complete a degree. This means that you now need a degree just to be above-average, and most end up underemployed with student debts - it's simply the case that half of jobs do not require a degree, and this is going to shrink. Likewise, we've outsourced lots of our skilled trades to foreign labour coming from the EU. With the sudden change in how we work with the EU, the UK is going to see hard times with a distinct lack of skilled labour, with many being overeducated and in the wrong sectors.
https://www.theguardian.com/commentisfree/2017/aug/05/brexit-uk-food-industry-eu-fruit-veg-pickers https://www.theguardian.com/commentisfree/2017/aug/05/brexit...
- conductr 9y ago> it's simply the case that half of jobs do not require a degree The problem I see in the US is that because of the glut of degrees, jobs that should not require a degree do require a degree. The employers are making things worse when they require degrees for menial jobs.
- abstractbeliefs 9y agoYes, sorry, when I mean they don't require a degree, I mean that the job tasks do not require a university education. Because of how widespread degrees are now in the UK, the job ad often demands a degree, on account of this being a good signal of simply being "above average".