Educational attainment is vastly higher than it's ever been in our entire history. Here [1] are some interesting data from Wiki. Today of Americans 25+, 59% hav

Educational attainment is vastly higher than it's ever been in our entire history. Here [1] are some interesting data from Wiki. Today of Americans 25+, 59% have at least some college, 42% have some degree -- 32% with at least a bachelor's. And nearly 1 in 8 people have a postgraduate/professional degree! If anything, an increasingly major issue today is 'degree inflation.' Ever more jobs that have no real necessity of college graduates are requiring degrees nonetheless presumably because there are now plenty of university educated individuals willing to fill low skill and generally low wage roles. But this action is really hurting the middle class and the efficiency of the US job market. The decision also comes with a number of paradoxically negative consequences for employers. The term I'm using, degree inflation, is borrowed from an extremely informative paper from the Harvard Business School on this exact topic: http://www.hbs.edu/managing-the-future-of-work/Documents/dismissed-by-degrees.pdf http://www.hbs.edu/managing-the-future-of-work/Documents/dis... [1] - https://en.wikipedia.org/wiki/Educational_attainment_in_the_United_States https://en.wikipedia.org/wiki/Educational_attainment_in_the_...