Americans Don’t Think College Degree Is Needed for Work

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Perhaps the trend to question the value of graduate degrees, which even has spilled over to opinions that some college degrees have no value, has gotten a big boost of support. A new Gallup poll shows that:

Fewer than half of adults employed full or part time in the United States, 43%, say the type of work they do generally requires a bachelor’s or a more advanced degree.

After all, how many Americans expect to need to do heart surgery or create new search engines.

The data does cut contrary to the long-held belief that a college degree is necessary for most people in the United States to get ahead. It is part of a multi-generational and deeply held notion that Americans should work to educate their children. That, in turn, will give those children enhanced opportunities to get better jobs than their parents have.

The trend reported by Gallup has no direct relationship to the recent worry that student loans have burdened many Americans who have degrees but either cannot find work or can only find work that does not match their educational attainment. Looked at in the cold light of day, the need for a college degree now gets undermined in two ways. One is the extreme long-term financial load, which may exist for years. The other is a perception of the U.S. workforce that acknowledges the fact that many American jobs do not reward years of difficult academic work.

Even for jobs in which it is supposed that a college degree is absolutely necessary, that assumption may not be true:

Two-thirds of workers with professional, executive, or managerial jobs say a college degree is necessary in their line of work. Among those in all other white-collar jobs, the rate drops to 50%, with an equal number saying a college degree is not necessary.

Many people realize that working in offices and off the shop floor involves less academic training than colleges would have people believe.

If the dream of a college education is the foundation of a the belief that school is the best route to better work, it is time to think again. Four years of classes, on top of high school, is four years too long.

in0dxw8ibecprzy3xg12lw

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618