Employers across a range of industries are dropping a job requirement once considered a ticket to a higher paying job and financial security: a college degree.
Today’s tight labor market has led more companies instead to take a more skills-based approach to hiring, as evidenced on job search sites like Indeed and ZipRecruiter.
“Part of it is employers realizing they may be able to do a better job finding the right talent by looking for the skills or competencies someone needs to do the job and not letting a degree get in the way of that,” Parisa Fatehi-Weeks, senior director of environmental, social and governance (ESG) for hiring platform Indeed told CBS MoneyWatch.
Those some low wages for jobs requiring degrees.
I am not saying those are the correct rates. As a floor they probably should be low. Rates should vary by area anyway. Perhaps as a percentage of median apartment or home rent?
But here in rural America I have seen plenty of jobs that require degrees that pay less than that.
$30 an hour is in the 70th percentile of median income, and $40 an hour is in the 80th.
The median worker with a Bachelor’s degree makes about $27 an hour.
I get that it’s more than the majority of people make. I just still think it’s too low. Everybody making less than $400k should be making more.
I’m all for higher wages, but $400k for every job? But hey, if you could make it work, I’m all in lol.