Is competency more important than credentials? A warning against degree inflation

This US-focused HBS article discusses “degree inflation” – the practice of employers demanding bachelor’s degrees for job that don’t require them.

Because the pool of graduates is limited, the author explains, this practice can cause a misalignment between supply and demand, especially for middle-skills positions.  Complicating matters are automated hiring tools often exclude applicants without college degrees.

There are some great stats based on a review of 26 million job postings and a survey of 600 HR executives:

Only about one-third of the US population have earned a four-year degree For typical middle skills job titles, sixty-seven of job postings required a bachelor’s degree or higher; yet just 16% of workers in those jobs held such a degree

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