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More U.S. companies no longer require job seekers to have a college degree

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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.   

The relaxing of high education requirements is in effect serving to correct so-called degree inflation, or when employers increasingly require a college degree for jobs that don’t require college-level skills, which has long been the norm in recruiting.

In 2023, the share of jobs on hiring platform ZipRecruiter that listed a bachelor’s degree as a requirement dropped to 14.5%, from 18% in 2022.


Amid skilled labor shortage, some high schools put renewed emphasis on career education

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Prioritizing skills over diplomas

Additionally, 45% of employers surveyed by the firm said they had done away with degree requirements for certain roles over the past year. Seventy-two percent of firms said they prioritize candidates’ skills and experience over the diplomas they hold, according to ZipRecruiter.

The opposite trend played out during The Great Recession in the late 2000s, when the share of job postings requiring a bachelor’s degree rose from 12% to 20%, according to ZipRecruiter. 

“Employers upskilled jobs and snapped up graduates on the cheap,” ZipRecruiter’s chief economist Julia Pollack told CBS MoneyWatch. 

The trend is slightly more prevalent among small businesses, with 47% of small and medium-sized businesses more likely to cross a college degree off the list of desired or necessary attributes in a candidate, compared with 35% of larger businesses, according to the ZipRecruiter survey.

“Employers are resorting to skills-based hiring and saying, ‘We don’t care if you finished college,'” Pollack said. “There’s a clear trend where smaller businesses are more likely to say they’re doing this versus major enterprises.” 

Not everyone is on board with letting go of college requirements, however. A little over half of survey respondents, 53%, acknowledged “hiring manager insistence that candidates have a specific background (e.g. a college, degree).” 


More companies drop college degree requirements

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“We’ll invest in training you”

Many firms in the health care industry, motivated largely by how difficult it is to recruit qualified workers including pharmacists, home health aides and more, are dropping degree requirements for some job applicants.

In 2022, 12% of health care job postings required college degrees, compared to just 9.3% in 2023, according to ZipRecruiter.

“It makes sense because labor shortages are most acute in health care. It’s where we see the largest numbers of unfilled job openings,” Pollack said. “The difficulty filling vacancies is prompting employers to relax requirements where they can.”

To be sure, health care is a highly regulated industry with high, mandatory licensing requirements for many of its occupations. 

“Employers are saying, ‘We’ll take you and help you get the requirements. We’ll invest in training you,'” Pollack said. 

Education sector lowers bar for teachers

Education is another employment sector lowering college degree hurdles for job candidates. The move is one of many being taken by the schools to combat widespread teacher shortages, as teacher unions across the country strike over large class sizes, insufficient resources and pay that hasn’t kept pace with inflation. 

In the meantime, many classrooms across the U.S. are currently staffed by substitute teachers with few credentials. 

“Children are being taught by people without required teaching credentials,” Pollack said. “So they are almost formalizing what’s taking place by reducing the licensing requirements for teachers and removing college graduation as a requirement, in some cases.”

Other moves to recruit people to the profession include shortening school weeks to four days. 


More schools switching to 4-day week

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There’s even been a decline in financial sector job postings that require a college degree, according to Pollack.

That’s in part because many quantitatively-minded college graduates have preferred, in recent years, to enter the technology industry versus banking, “where schedules are punishing and burnout is high,” Pollack said. 

Now employers are saying, “If you can ace the licensing exam, we’ll take you,” she added. 

Benefits for both sides

Indeed itself has removed degrees as requirements for hundreds of job postings at the company, including for software engineer and product manager roles.  

Fatehi-Weeks at Indeed sees the trend as a positive one that benefits both companies and workers. 

“It’s one of those rare things that is good for both the employer and job seeker,” she said. “You rarely have a win-win situation, but this is one of them where employers can access more talent and be specific about what skills they need, and job seekers have more doors open to them if we get ride of the degree inflation.”



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Malcolm Gladwell on “Revenge of the Tipping Point”

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Malcolm Gladwell on “Revenge of the Tipping Point” – CBS News


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Bestselling author Malcolm Gladwell’s latest, “Revenge of the Tipping Point,” builds on a familiar idea from his books: You may think you know how the world works, but you’re wrong! The provocative Gladwell talks with correspondent David Pogue about why he’s refused to change his approach, his work ethic, or his contrarianism.

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Malcolm Gladwell’s life has changed; he has not

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On Tuesday, a new Malcolm Gladwell book comes out. And if history is any guide, it will be a bestseller. “They’re stories about ideas,” he said. “They have characters. They have plots. I’m usually trying to say something about the world.”

His first book, “The Tipping Point,” published in 2000, established the Gladwell recipe: he explores a theme through anecdotes and little-known scientific studies. “‘Tipping Point’ was about the epidemic as an incredibly useful way of understanding how ideas move through society,” Gladwell said. “And epidemics have rules. Let’s learn the rules, right?” 

His seven New York Times bestsellers have sold 23 million copies in North America alone. His fee for corporate speeches is $350,000. His fans have downloaded a quarter-billion episodes of his podcast, “Revisionist History,” and he founded a company called Pushkin Industries to produce it. 

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Malcolm Gladwell recording his “Revisionist History” podcast. 

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In other words, Gladwell has come a long way from the small Canadian town where he grew up, son of a British father and a Jamaican mother, whom he describes as “subversive,” someone who would write notes to excuse her son from class with a blank space. “I would just fill out the date,” said the man who skipped a lot of school.

He attended the University of Toronto, but his best education was the ten years he worked for the Washington Post. “I knew nothing about newspapers,” he said. “I was so raw. I was 23, I think, or 24. Bob Woodward was two rows away from me. I learned at the feet of the greatest journalists of my generation.”

In 1996, Gladwell joined The New Yorker. He wrote about why, in the 1990s, New York’s crime rate plummeted in an article called, “The Tipping Point.” A book followed. It introduced a recurring Gladwellian theme: hidden patterns in the way the world works.

He’s a world-class contrarian, about college (“You should never go to the best institution you get into, never; go to your second or your third choice. Go to the place where you’re guaranteed to be in the top part of your class”); about working from home (“It’s not in your best interest to work at home. … If you’re just sitting in your pajamas in your bedroom, is that the work life you want to live, right? Don’t you want to feel part of something?”); about football (“I think the sport is a moral abomination”).

Gladwell says he enjoys being provocative: “Of course!” he said. “I like poking the bear. I mean, journalists should poke the bear.”

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Bestselling author Malcolm Gladwell’s latest, “Revenge of the Tipping Point,” builds on a familiar idea from his books: You may think you know how the world works, but you’re wrong!

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Gladwell’s fans love his storytelling, and the A-ha! moments they bring. His critics, on the other hand, have described his writing as “generalizations that are banal, obtuse, or flat wrong,” and “simple, vacuous truths [dressed] up with flowery language.” “I’m with the idea that not everyone’s gonna like my work,” Gladwell said. “100% of people don’t like anything.”

In a 2021 “Sunday Morning” interview, Gladwell said, “I would rather be interesting than correct.” He called that “an overly provocative way of saying things! No, I think what I meant was, if I turn out not to be right, I’m not devastated. I accept that as the price of doing business.”

Gladwell often turns his mistakes into new chapters or podcast episodes. In “The Tipping Point,” he explained that New York’s crime drop was the result of “broken windows policing.” As he described it, “Little crimes were tipping points for big crimes.” But that philosophy led to New York’s policy of “stop and frisk.”

“Doing 700,000 police stops a year of young Black and Hispanic men is deeply problematic,” Gladwell said. “We were wrong. I was part of that. I’m sorry.”

Which brings us to the new book, “Revenge of the Tipping Point.” “The original ‘Tipping Point’ is a very optimistic, rosy book about the possibilities for using the laws of epidemics to promote positive social change,” he said. “In the last 25 years, I spent a lot of time thinking about the other side of that problem, which is, what happens when people use the laws of epidemics in ways that are malicious or damaging or self-interested?”

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Little, Brown & Co.


The book’s stories range from topics as obscure as cheetah reproduction, to stories as big as the Holocaust. He writes that almost nobody talked about the Holocaust, or even called it that, until NBC aired a miniseries called “Holocaust” in 1978. “And what changed happened like [snaps fingers]. I mean, it was just there was a tipping point in our understanding of the Holocaust,” he said.

This book arrives at a tipping point in Gladwell’s own life. In a span of five years, he got engaged, had two children, turned 61, and moved from Manhattan to pastoral Hudson, New York. “It’s a lot to handle. There isn’t a single person who ever lived whose parents did not say, ‘This is a lot!'” he laughed. “I have become the person that, you know, I once despised, and nothing makes me happier.”

He also despises Ivy League colleges, accusing them of prioritizing their own reputations over focusing on their students.

Has parenthood affected his outlook on any of the things that he’s written about before? “Well, it’s prepared me for the possibility that I will be a massive hypocrite!” Gladwell laughed. “So, you know, it’s one thing to write about what you should do with your kids when you don’t have them.”

For all his success, Malcolm Gladwell maintains that nothing has changed in his approach, his work ethic, or his contrarianism. “It hasn’t changed what I do,” he said. “I don’t farm out my research; I still go on reporting trips. It hasn’t gotten old. In fact, my great regret is I don’t have time to do more.”

     
READ AN EXCERPT: “Revenge of the Tipping Point” by Malcolm Gladwell

     
For more info:

       
Story produced by Wonbo Woo. Editor: Remington Korper. 



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Coldplay on their record-breaking world tour

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Coldplay on their record-breaking world tour – CBS News


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Twenty-five years after their first hit record, Coldplay’s current world tour, which Billboard calls “the biggest rock tour of all time,” has earned more than a billion dollars and sold more than 10 million tickets. During a stop in Dublin, correspondent Anthony Mason catches up with Chris Martin, Will Champion, Guy Berryman and Jonny Buckland to talk about “Moon Music” (the band’s tenth studio album), the songwriting process, and their future playing together.

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