Recent surveys report that more employers are realizing that a 4-year college degree isn’t the best gauge of an applicant’s real value as a potential worker. That being the case, three educational institutions namely: Miami Dade College, Dallas College and Western Governors University, have launched an initiative to define and to establish individual skills that a broad range of employers consider as important. That way, providing education will either separate or combine relevant course work as requirements for earning a college degree.
Apparently, there is a need for colleges and universities to overhaul the kind of college education programs being offered in preparing students for different careers. Needless to say only the high cost of education and not the quality of education has been experiencing growth.
Not Enough Returns Gained from Investing on a College Education
A recent survey conducted by Harris Poll shows that 51% of Americans surveyed say that the cost of education have prevented them from completing a 4-year college degree. Actually, there is already an ongoing lack of enthusiasm in obtaining a college degree, as many degree holders are expressing disappointment over their earning capabilities. Their job is not bringing in higher returns after payment of taxes and student loans.
Previously, a college education was seen as the “golden ticket” for realizing the American Dream of landing a career that offers job security and a lifetime of earnings. In recent decades however, many college graduates landed jobs that paid meager salaries, barely exceeding the amount they paid in settling student debts.
Major Businesses Hire Graduates with Skills in Computer Technology
Since most businesses today have a need for a workforce with technological skills, liberal arts graduates are finding it hard to compete in the jobs market. Even if they do get a job, they are disappointed that despite the expensive higher education, their skills are not enough to earn returns that compensate for the amount and hard work they invested in obtaining a college education.
The broader knowledge and understanding of how the global community thrives can be obtained through liberal art studies. Yet major global powers have not made any remarkable improvements in solving important issues like environmental threats, foreign policies, ethics, and national and international security issues, despite high levels of learning in the fields of liberal arts. As a result, many industries prefer to bank on artificial intelligence and machine learning technologies when needing to arrive at major decisions.