Stories

"Degree inflation" may be pushing workers out of the middle class

A growing number of U.S. employers are requiring bachelor's degrees for jobs that have long been performed by workers without them, contributing to a rise in income inequality, according to a report published today.

Why it matters: The report, by Harvard Business School, Accenture, and Grads of Life estimates that 6 million American jobs are at risk of "degree inflation," a result of employers increasingly using a bachelor's degree "as a proxy for a candidate's range and depth of skills."

Data: Harvard Business School and Accenture analysis; Note: 2015 Burning Glass data, BLS' Occupational Employment Statistics, and American Community Survey data for 2010–2015; Chart: Andrew Witherspoon, Chris Canipe / Axios