According to many employers, college education is no longer a guarantee for a job, greater income or social mobility.
A recent survey called the Freedom Economy Index (FEI) indicates a diminishing value of college degrees in the eyes of employers. The survey, held between Oct. 25 and Oct. 30, revealed that 67% of respondents strongly believed that higher education institutions were not graduating students with relevant skills needed by today’s business community. Furthermore, the study underscores a renewed appreciation for blue-collar job-seekers who bring practical skills and experience to the table.
Colleges tend not to enhance already effective individuals and degrees are often awarded to individuals lacking practical life skills. Employers expressed concerns about the talent shortage, attributing it to the failure of high schools and colleges to produce skilled individuals. A significant portion of employers (40%) indicated that possessing a college degree would make them less likely to hire a job-seeker. Instead, they emphasize a preference for skills and experience over formal education.
In contrast with a college degree, learning a trade can be cost- and time-efficient, giving the chance to earn a living while still learning. The survey signals a shift in the perception of the value of higher education: employers increasingly prioritize practical and social skills and experience in the workforce.
