Education

The new labor market: No bachelor’s required?

The Hechinger Report: “The Burning Glass ‘degree reset’ report, which Fuller co-wrote, found that between 2017 and 2019, the number of positions requiring a B.A. dropped by more than 5 percent in roughly half of all middle-skills occupations. Though the labor market was already tightening, the report found that only a quarter of these changes were ‘cyclical,’ or attributable to the labor market. Sixty-three percent of the changes were deemed ‘potentially permanent’ shifts in hiring practices. The trend toward degree inflation, the report concluded, has been reversed. If it sticks, Fuller and his co-authors believe 1.4 million more jobs could become available to workers lacking a B.A. between now and 2027.”

View the full article The Hechinger Report.