We often hear employers and business leaders lament the
unfortunate gap between what students learn in college and what they
are actually expected to know in order to be job-ready. This is
particularly alarming on light of the large—and still growing—number of 【M1】_________
people graduate from university: above 40% of 25- to 34-year-olds in 【M2】_________
OECD countries, and nearly 50% of 25- to 34-year-olds in America.
Because there is a clear premium on education—recent 【M3】_________
report from The Economist suggest that the ROI of a college degree has 【M4】_________
never been higher for young people—the value added from a college
degree decreases as the number of graduates increase. This is why a 【M5】_________
college degree will boost earnings with over 20% in sub-Saharan Africa 【M6】_________
(where degrees are relatively rare), and only 9% in Scandinavia (where 【M7】_________
of adults have degrees). At the same time, as university qualifications
become more commonplace, recruiters and employers will
increasingly demand them, regardless of whether they are actually
acquired for a specific job. So, while tertiary degrees may still lead to 【M8】_________
higher-paying jobs, the same employers handing out these jobs are
hurting itself—and young people—by limiting their candidate pool to 【M9】_________
college graduates. In an age of ubiquitous disruption and unpredictable
job evolution, it is hard to argue that the knowledge acquisition
historical associated with a university degree is still relevant. 【M10】________
【M7】
and—but
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