“Dismissed by Degrees; How degree inflation is undermining U.S. competitiveness and hurting America’s middle class” (Harvard Business School) is a 2017 report recently brought to my attention by a reader.
It is worth reading because it corroborates the minimal improvement in skills described in books such as Academically Adrift (my review). Today’s typical college graduate doesn’t perform much better on tests of general research/thinking/writing than he or she did on finishing high school. HBS:
The results of our survey were consistent across
many industries—employers pay more, often
significantly more, for college graduates to do jobs
also filled by non-degree holders without getting
any material improvement in productivity.
Results vary by major, but our funding and investment in college educations is, unlike Chile’s, not conditional on major.
- “Two big questions for economists today” (describing a Chilean program in which student loans are tied to historical outcomes by institution and major)