Employers across a range of industries are dropping a job requirement once considered a ticket to a higher paying job and financial security: a college degree.
Today’s tight labor market has led more companies instead to take a more skills-based approach to hiring, as evidenced on job search sites like Indeed and ZipRecruiter.
“Part of it is employers realizing they may be able to do a better job finding the right talent by looking for the skills or competencies someone needs to do the job and not letting a degree get in the way of that,” Parisa Fatehi-Weeks, senior director of environmental, social and governance (ESG) for hiring platform Indeed told CBS MoneyWatch.
Requiring a degree should come with a minimum pay. Perhaps $30 per hr for a bachelor and $40 for a masters.
I have seriously seen 50k jobs requiring a Master’s. I have made well over that in the last 15 years with just an Associate’s. That I just got. In the same field.
Companies are stupid if they think anyone is going to apply there.
I believe teaching usually requires a Masters
It does! They should get paid more. But capitalism.
In college, yes, but most places require a bachelor’s and a teaching certificate.
There are places that don’t require a Masters to get a teaching certificate? I mean, sure there are temporary exceptions for new teachers and a testing process for career changes, but by and large teaching requires a Masters
My state’s department of education describes a Bachelors, and standardized tests as minimum requirements, but then goes on to say that is “preliminary certification “, and you must complete your Masters or equivalent during that limited period. (And as a practical consideration you’ll find it much harder to get a job)
Those some low wages for jobs requiring degrees.
I am not saying those are the correct rates. As a floor they probably should be low. Rates should vary by area anyway. Perhaps as a percentage of median apartment or home rent?
But here in rural America I have seen plenty of jobs that require degrees that pay less than that.
$30 an hour is in the 70th percentile of median income, and $40 an hour is in the 80th.
The median worker with a Bachelor’s degree makes about $27 an hour.
I get that it’s more than the majority of people make. I just still think it’s too low. Everybody making less than $400k should be making more.
I’m all for higher wages, but $400k for every job? But hey, if you could make it work, I’m all in lol.
Jeez, I’m a school bus driver and we get $30 an hour - obviously no degree is required.
CDL at least?
Yes, also passenger, school bus and air brake endorsements. And you have to pass random drug tests, which is the biggest hardship.