Wages are stagnant. Male labor force participation is low & declining. Companies are desperate for workers. If employers prioritized skills/teachability over degrees it would alleviate all these problems while diversifying our workforce, creating more wealth and less inequality.
The New-Collar Workforce
Many workers today are stuck in low-paying jobs, unable to advance simply because they don’t have a bachelor’s degree. At the same time, many companies are desperate for workers and not meeting the diversity goals that could help them perform better while also reducing social and economic inequality. All these problems could be alleviated, the authors say, if employers focused on job candidates’ skills instead of their degree status. Drawing on their interviews with corporate leaders, along with their own experience in academia and the business world, the authors outline a “skills-first” approach to hiring and managing talent. It involves writing job descriptions that emphasize capabilities, not credentials; creating apprenticeships, internships, and training programs for people without college degrees; collaborating with educational institutions and other outside partners to expand the talent pool; helping hiring managers embrace skills-first thinking; bringing on board a critical mass of nondegreed workers; and building a...
hbr.org