For decades, a college degree was a requirement to make a high income. However, these days the college degree is equivalent to a high school diploma and is required for even the most menial jobs.
According to the New York Times, the law firm of Busch, Slipakoff & Schuh in Atlanta, Georgia, requires a college degree for receptionists, administrative assistants, file clerks and the office runner, who earns ten dollars an hour.
The unemployment rate for workers with only a high school diploma is 8.1 percent, while those with a bachelor’s degree have an unemployment rate of 3.7 percent, according to the U.S. Labor Department.
“College graduates are just more career-oriented,” said Adam Slipakoff, Busch, Slipakoff & Schuh's managing partner. “Going to college means they are making a real commitment to their futures. They’re not just looking for a paycheck.”
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However, that "commitment to their futures" may be in the form of enormous debt.
"I am over $100,000 in student loan debt right now,” said Megan Parker, who earns $37,000 as the law firm’s receptionist. She graduated from the Art Institute of Atlanta in 2011. “I will probably never see the end of that bill, but I’m not really thinking about it right now. You know, this is a really great place to work.”
Many other jobs that didn’t used to require a college diploma, such as dental hygienists, cargo agents, clerks and claims adjusters, are increasingly requiring one, according to Burning Glass, a company that analyzes job ads.
“When you get 800 resumes for every job ad, you need to weed them out somehow,” said Suzanne Manzagol, executive recruiter at Cardinal Recruiting Group in the Atlanta area.
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Source: New York Times