The Growing Importance of Education in the Job Market

importance-of-education-in-job-marketAccording to Bill Gates, earning a college degree is becoming more and more important in the job market. In a recent interview with The Daily Texan, he offered some compelling statistics:

“Today, 97 million U.S. jobs require high-level skills. Yet only 45 million Americans currently qualify for these positions. By the year 2018, 63 percent of all jobs in the U.S. will require some form of postsecondary education.”

Though this may seem ironic coming from someone who never completed his college degree, Gates has since taken a number of online and distance learning courses.

Gates isn’t the only one spouting these stats. An article from American Radio Works highlights the fact that jobs available for workers with degrees are projected to increase dramatically in the next several years. This is due in part to the fact that lower-skilled jobs are either increasingly being outsourced or being made obsolete by technology.

While these projections make a strong case for higher education, they don’t specify which industries will require increasingly advanced degrees. What fields do you think will continue to demand more educated workers? Be sure to share your comments below.


5 thoughts on “The Growing Importance of Education in the Job Market”

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