2 ms·
You have to be careful not to conflate degree inflation, which is about over-zealous filtering in an organization's hiring process, with college education and t
by snowwrestler 7y ago
You have to be careful not to conflate degree inflation, which is about over-zealous filtering in an organization's hiring process, with college education and the personal benefits it confers upon the individual who receives it.
Put another way, the recipient of a bachelor's degree gets two benefits: 1) a pass through certain HR filters, and 2) the improvement of their personal knowledge and abilities.
The distinction matters because we can fix degree inflation where it happens: in HR. That's why HBS is writing about it. We don't need to deny the obvious benefits of post-secondary education to people, just to fix a problem with over-zealous HR filters. (Those aren't unique to college BTW--think of silly requirements like "10 years experience with React.")
> I think the fact that liberal arts majors have such a hard time getting a job out of college is an indication that college isn't actually adding value.
This would make sense if liberal arts majors had an unusually hard time getting a job out of college, but they don't. Here are some majors and their probability of underemployment in first job and 5 years out.
Engineering 29% 18%
Communication/Journalism 39% 24%
Mathematics/Statistics 39% 26%
Foreign Languages 43% 27%
Physical Sciences 40% 27%
English/Literature 45% 29%
Visual/Performing Arts 45% 31%
Biological/Biomedical 51% 35%
From study linked in article in my earlier comment:
https://www.burning-glass.com/wp-content/uploads/permanent_detour_underemployment_report.pdf https://www.burning-glass.com/wp-content/uploads/permanent_d...