Education

Employers are loosening degree requirements. But will it last?

From Work Shift: “Businesses across almost every industry are struggling to find enough workers. … Labor insights firm Emsi Burning Glass, for example, found that the trend is occurring even after controlling for churn in roles that don’t typically require a degree. The firm has noted a 4 percentage point decline in postings requiring a bachelor’s degree since early 2020, said research manager Layla O’Kane. … Brad Hershbein, a labor economist at the W.E. Upjohn Institute for Employment Research, said that the raising and lowering of requirements is a typical part of the business cycle—but his research shows the general trend is still to increase requirements somewhat over time. Usually, however, it’s recessionary cycles that drive the overall increase. And we’re not seeing that this time.”

View the full article from Work Shift.