Employers Shed College Requirements As Economy Booms
The strong economy has resulted in a situation where would-be employers are looking for new ways to attract workers. For some companies, this means they are shedding requirements that applications have a college degree. According to the job site Glassdoor:
“Google and Ernst and Young are just two of the champion companies who realize that book smarts don’t necessarily equal strong work ethic, grit and talent. Whether you have your GED and are looking for a new opportunity or charting your own path beyond the traditional four-year college route, here are 15 companies that have said they do not require a college diploma for some of their top jobs. Your dream role awaits!”
Tight labor markets create more opportunities for people who come from low-income households and for members of minority groups because they force employers to look beyond expensive degrees and use other means of hiring quality employees. Now, many of the barriers to entry that existed after the Great Recession have fallen by the wayside as would-be employers have scrambled to fill job vacancies.
This is a very good thing.
Those on the left generally want to level the economic playing field by providing everyone a college education, but by paying for more people to attend college, the relative value of a college of a degree falls. This, in turn, has led to a situation where students have large student debts, but the degrees the earned at college do not provide the job skills they need to pay them back.
Ronald Reagan once said the best welfare program was a job. Turns out it may be the best college loan policy, as well.