Reply #12: was that response to me? [View All]

[sugerdady87]

"People didn't go to college as much simply because it wasn't necessary to get a good job."

That's a really funny post. It cannot operate the way in which you're saying now. Jobs cannot require individuals to have a specific degree when there aren't many individuals in the labor market to choose from with it. As the amount of people who got into college increased, jobs were now able to choose from those crop of those individuals.

If, for instance, everyone in the united states recieved a BS degree, previous jobs which once required that degree might now opt to select employees with masters degrees. This, of course, is not true with all jobs. If they choose to stay with the BS degree requirement, they can now pay their employees far less then they would previously simply because of the excess supply in the labor market.