College Degree Becoming the New High School Diploma?
The New York Times article, “It Takes a B.A. to Find a Job as a File Clerk” explores what economists call “degree inflation,” a phenomenon that has been steadily infiltrating America’s job market. According to the article, “This up-credentialing is pushing the less educated even further down the food chain, and it helps explain why the unemployment rate for workers with no more than a high school diploma is more than twice that for workers with a bachelor’s degree: 8.1 percent versus 3.7 percent.”
Read the full report here.