Author: Joshua Krook

Companies Shed Degree Requirements to Promote Merit Over Qualifications

At the end of 2016, the Australian Bureau of Statistics (ABS) revealed that close to two-thirds of all Australians had completed a degree or apprenticeship. The growth in the number of people attending a university or TAFE has risen out of a cyclical demand-driven system called “academic inflation”. Think supply and demand. If an employer can hire someone with a degree or someone without, they’ll hire the person with a degree because they are seen as the superior candidate. This puts pressure on everyone to get degrees. But once everyone has one, the value of having a degree goes down. A couple of decades ago, a high school diploma was sufficient to get a job in journalism or business. Now a bachelor’s degree is required. Where a bachelor’s degree was sufficient to get a job in research, now a master’s degree is required. Where a master’s degree was sufficient to get a job in university tutoring, now a PhD is required. The number of people gaining master’s degrees has doubled from the early 1980s to …