Poor Sally. She has spent tens of thousands of dollars and four long years to get her college degree and has $26,000 in student loans to pay off, yet she can’t find a job that puts her degree to good use. Sally and her parents may be asking whether college was “worth it.”
http://www.washingtonpost.com/blogs/she-the-people/wp/2014/09/05/why-sally-cant-get-a-good-job-with-her-college-degree/?Post+generic=?tid=sm_twitter_washingtonpost
The article list three potential reasons why recent college graduates (and women in particular, who now "earn about 60 percent of the roughly 1 million bachelor’s degrees granted each year") can’t find good jobs. These reasons include, too much education, not the right level of education and finally, the wrong type of degree.
Wharton School professor Peter Capelli tried to figure out whether the problem in the labor market is because the jobs don’t require the skills that candidates are offering or because workers don’t have the proper skills that employers are seeking.
Here’s what he found. The main problem with the U.S. job market isn’t a gap in basic skills or a shortage of employees with particular skills, but a mismatch between the supply and the demand for certain skills. There’s a greater supply of college graduates than a demand for college graduates in the labor market.
This mismatch, according to Capelli, exists because most jobs in today’s economy don’t require a college degree.
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