New Collar Jobs: This is The Future, Are You Prepared?

I follow Justin Kan (founder of twitch.tv and a Yale graduate) on Snapchat. Somebody recently asked him if he’d hire somebody without a college degree. He said YES and gave examples of friends in tech who created – and then sold – their companies for millions of dollars – all without having college degrees.

IBM CEO Ginni Rometty also recently wrote a column for USA Today, emphasizing that many IBM jobs don’t need degrees, but belong to a novel category of “new collar” employment. They’re “entirely new roles in areas such as cybersecurity, data science, artificial intelligence and cognitive business,” she wrote.

Tech, health care, manufacturing are all struggling to find enough people to hire for jobs which require specific, rapidly evolving skills versus college degrees (e.g. front-end developers, network administrators, technicians). There are more than 5 million jobs open in the U.S., many of which are higher-skill and higher-paid but don’t require a four-year degree.

So, college or no college? That is the question! I know if I had a kid, I would feel remiss advising him/her to skip college. BUT, I also know that there is something really off about our education system. Far too many people are getting generic degrees that cost way too much money and provide learning that is outdated by graduation. The takeaway for me is that the more exceptional, motivated and intelligent the person, the less likely they are to benefit from a standard degree (e.g. Steve Jobs, Zuckerberg, Gates, Branson, Michael Dell).

And let’s be clear, I’m not talking about doctors, lawyers, engineers, architects, or other fields where an advanced degree is essential. New skills, on the other hand, might be better taught in newer ways that take into account the rapid changes and need for on-going learning.

Read on below for more perspectives and thinking on the future of the workforce by those in positions to hire.

Laszlo Bock, the former head of human resources at Google, respects employees who succeed without degrees. “When you look at people who don’t go to school and make their way in the world, those are exceptional human beings,” he told the New York Times in 2014. “And we should do everything we can to find those people.”

The Bureau of Labor Statistics (BLS) recognizes at least seven computer-related job categories where at least 25% of workers do not have a four-year degree.

Peter Thiel, the venture capitalist and Trump advisor, argues that college funnels many young people into similar career paths, when they could be creating their own futures. Thiel funds $100,000, two-year fellowships for “young people who want to build new things instead of sit in a classroom.” Applicants must be under 22 and willing to drop out of school if they’re accepted.

Great interview with Vinod Khosla (entrepreneur, investor and technologist) on Bloomberg. He recommends that everyone study logic and philosophy because it teaches you to think but he also recommends that everyone’s second language be computer language not some esoteric language like French!

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