The Incidence Of Over Education

When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force

Colleges are struggling to adapt to society’s changing requirements for adults entering the work force. John Fawell laments this change and states that humans intrinsically desire to learn more for the purpose of knowing more. However, the focus has shifted away from this and has become more career-oriented. This shift is not well supported in the current college system. The education system is aware of this change and some have modified their programs, but they are too narrow and a broad college education is lost. Even though it has become almost mandatory in society, a college degree does not prepare students for a real-world work environment and is not necessary for most occupations. Many, such as lawyers or doctors, do require further education and a system that instructs them while also training the majority of the workforce would be an improvement.

Because having a degree has become so common, employers now use it as a way to eliminate people who would not make good candidates for employment—even if a degree isn’t a totally accurate determinant of one’s talent or work skills. The mass availability of college education may actually “debase its intrinsic value” (Bankston, p. 338).

Moreover, employers featured in the survey claimed that academic results of a graduate is not an effective indicator of his or her competencies in the job when compared to work experience performance(Highfliers Research Ltd,2012). Another report also revealed that neither GPA nor major of study was related to the salary level of graduates at the entry-level of employment, but only work experience resulted in obvious disparity in salary level(Gault et al,2000).

College, unable to deliver to everyone the promises of a “high-level” job because students lack skills (Michael Price). Consequently, with masses of students going to college, the government, Wall Street, and colleges “skyrocketed” tuition and students incur massive debt, Price explains. College graduates are ill-prepared for jobs, Michael emphases this sharing personal experience on needing more skills for jobs. Worthless degrees, too many graduates with the same experience, and the length of time it takes to get a degree the last things Price indicates problems with going to

A college education is necessary to get a job that pays well, or to get any good job. Any, and every job that is ‘worth’ having requires some type of higher education, whether it relates to the job or to show general experience, a degree is required. “This calls for greater access to a college or university

This literature review will examine many different aspects of the term ‘over education in the graduate labour market’ and will look the different trends in the labour market, figures such as how many unemployed graduates and non graduates there are, and what type of graduates are progressing in. Also research about the different fields of graduates, likeliness of being recruited in that field, and the different wages and earnings/annum involved in the different sectors of the graduate labour market. Using the

As more and more students graduate, they begin to look for work; hoping for a job capable of paying off their debts and making their chosen degree worthwhile. In America, we are running into the problem of a lack of jobs, requiring a degree or not. From service-jobs to white-collar jobs, "...more than 14 million jobs are vulnerable to being outsources offshore." (Roberts).College graduates that are native to America are struggling to find work due to the outsourcing of jobs, in turn damaging our economy.

A recent study demonstrates that “nearly half of college graduates in their [twenties] are underemployed” (Selingo). The result signifies that employers do not expect the graduate to hold a bachelor’s degree. In reality, Richard Vedder, Director of the Center for College Affordability and Productivity, notes statistics that reveal there are “16,000 parking lot attendants with bachelor’s degrees, … 83,000 bartenders and 115,000 janitors.” Graduates must learn to acquire jobs that mirror the effort employed to obtain their bachelor’s degree. Therefore, this allows businesses to hire overqualified workers for their less paying job positions.

Today, degrees are reflecting strongly on people’s lives. The cost of college has become too high for every student or parent to afford, which makes it impossible for everyone to obtain a degree. College level has become too tough and beyond student’s reach and abilities, not anyone who obtaining a degree can get through other majors, such as physics or math, degrees don’t evaluate your skills neither your efforts. For the most important, jobs in our market have been evaluating their applicants’ qualifications through their degrees. Degrees demand beyond the reach of people’s abilities and solutions should be suggested to undermine degrees as a job qualification.

In today’s society, employers look for workers with college degrees because they know what college students are capable of doing. Employers now hold their employees to a different standard compared to the 1900s. Back then, employers did not mind the level of education a person had because being educated was not as common. However, now that society has progressed, more and more people have the same level of education: a high school diploma. Today, employers want to hire someone that

In the competitive world today, having a college degree might not benefit a student as much as before, thus opening up numerous questions concerning its necessity. Not only is the number of students desperately trying to enroll in college increasing, but the tuition shoots up as well. However, will college enrollment necessarily be enough to increase your chances of attaining job security? The answer is hotly debated amongst adults and students alike, which opens up the second option for students, that is, joining the work force. Although this option is generally shunned by the new generation, the tough economy and slow restoration makes it quite a desirable choice at the moment. Joining the work force is a hard decision to make as it

In today’s’ society, success is often measured by academic and professional achievement. Higher education provides more opportunity and freedom. Statistics verify that generally, the more highly educated have higher earnings and there is a significant difference between wages earned by employees with College degrees and those without. Higher education is often perceived as a means to a ‘better life’ .Though many recognize the benefits of higher education, the rate at which students leave in their first year of College is still very high. Students leave their first year of College for

In Robert E. Sullivan, Jr.’s “Greatly Reduced Expectations”, Sullivan discusses the lack of employment available to college graduates. Throughout the essay, testimonials are given by four college graduates who expected more opportunity when they graduated with a four year degree. I sympathize with these men and women who are working in jobs that do promote their ability.

This paper focuses on extensive literature, over the incident of over-education in the UK. Even though, the proportion of people in UK labour force with a college education is still less than in comparison to the other developing countries, the tendency of people towards higher education is rapidly increasing since 1970s. Some researcher has suggested that, higher education in the UK can be expanded further (Hartog and Oosterbeek, 1988). However, many of them were unable to secure graduate level job and earn their expected profit. Therefore, objectives of the particular paper are to analyse the current situation of the UK’s graduate labour market, impact of over-education on job satisfaction, implication of over-education on the government policy makers and finally to analyse the extent of education on short term phenomenon.