The Need For A College Education In The Workforce

by TK on March 29, 2021

In a previous post, we talked about whether college was still worth it.  Well, now there is more bad news for people who think that college is not worth it.  While statistics say that 38% of Americans have a college degree, the workforce is demanding a higher number.   Career Services at University of Massachusetts Amherst has seen a 25% jump in jobs that require a college degree.  In Florida, the state is not producing enough college degrees to meet job market needs by 2018—slightly over 36% of Floridians have a college degree.  This trend of not producing enough college graduates is apparent in nearly all states across the nation.  The Lumina Foundation estimates that the nation will need 60% of working age Americans with a college degree in order to meet the job market demands by 2025.  At this pace, we are only on pace for 45%.  You can read the whole Lumina report here.

So what does that mean for those contemplating going to college?  It means you need to.  Even though more college degrees would essentially diminish the value of a college education and marginalize the degree, there is no doubt that if you want to remain competitive in the workforce, you will need at least a Bachelors.  A college degree is now what a high school diploma was 20 years ago.  Although the numbers and reports may seem grim for college graduates entering the workforce, like this Forbes article, the demand remains high for a college degree.  But college education is becoming more marginalize.  So what does that mean for future college grduates?  It means they will have to differentiate themselves from the rest of the herd.  The easiest way to do that is to major in something the majority of college graduates won’t touch with a 12-foot pole; STEM degrees.  STEM stands for Science, technology, engineering, and mathematics.  These fields are  in demand and will be in demand for the foreseeable future.  Millions of jobs go unfilled because there aren’t enough qualified applicants.  As jobs are becoming more technology driven, the need for a more skilled workforce is essential.

With unemployment still over 8%, we still hear constant talk about a tough job market.  However, maybe it isn’t the job market that is the problem.  Maybe there isn’t enough qualified applicants in the workforce.  It is becoming more apparent that it is becoming harder for those without a college degree to break into the workforce and that a college degree is quintessential.  However, as the college degree becomes more commonplace, jobs that could easily be obtained 10 years ago are now competitive.  Thus to obtain the highest chance of gainful and prosperous employment, you will have to set your college sights high and major in something that is in demand.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: