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.
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.
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.