There is a lot that can be done in practice. One, employers are asking for degrees because they can. If you lower the number of graduates and they can’t get them without higher pay, they will stop. Two, you could put a price on the degree, e.g. higher minimum wage for positions requiring a degree to make employers pay for the extra education.
So the higher minimum wage is already a thing in some countries (e.g. Germany, where degrees are also mostly free) and there is still the trend of many more ppl. studying.
In general, our world is getting more complicated and we live longer. So i dont really see the problem of more education?
More education is a balance of costs and benefits. There is no harm in even a supermarket cashier having a collage degree. God knows our democracies could use more educated voters. But in many professions, it is not worth the cost. The same knowledge could be gained by a few months of on the job training. If employers are really willing to pay more for those degrees like in Germany than that is fine. But I am pretty sure in some places, people are asking for degrees not because they are needed (worth the cost), but because people with degrees are available cheaply.
After all, if the degrees were worth their price to employers, and the employers paid for them adequately, student loans wouldn’t be an issue.
There is a lot that can be done in practice. One, employers are asking for degrees because they can. If you lower the number of graduates and they can’t get them without higher pay, they will stop. Two, you could put a price on the degree, e.g. higher minimum wage for positions requiring a degree to make employers pay for the extra education.
So the higher minimum wage is already a thing in some countries (e.g. Germany, where degrees are also mostly free) and there is still the trend of many more ppl. studying.
In general, our world is getting more complicated and we live longer. So i dont really see the problem of more education?
More education is a balance of costs and benefits. There is no harm in even a supermarket cashier having a collage degree. God knows our democracies could use more educated voters. But in many professions, it is not worth the cost. The same knowledge could be gained by a few months of on the job training. If employers are really willing to pay more for those degrees like in Germany than that is fine. But I am pretty sure in some places, people are asking for degrees not because they are needed (worth the cost), but because people with degrees are available cheaply.
After all, if the degrees were worth their price to employers, and the employers paid for them adequately, student loans wouldn’t be an issue.