We often hear employers and business leaders lament the

unfortunate gap between what students learn in college and what they

are actually expected to know in order to be job-ready. This is

particularly alarming on light of the large—and still growing—number of 【M1】_________

people graduate from university: above 40% of 25- to 34-year-olds in 【M2】_________

OECD countries, and nearly 50% of 25- to 34-year-olds in America.

Because there is a clear premium on education—recent 【M3】_________

report from The Economist suggest that the ROI of a college degree has 【M4】_________

never been higher for young people—the value added from a college

degree decreases as the number of graduates increase. This is why a 【M5】_________

college degree will boost earnings with over 20% in sub-Saharan Africa 【M6】_________

(where degrees are relatively rare), and only 9% in Scandinavia (where 【M7】_________

of adults have degrees). At the same time, as university qualifications

become more commonplace, recruiters and employers will

increasingly demand them, regardless of whether they are actually

acquired for a specific job. So, while tertiary degrees may still lead to 【M8】_________

higher-paying jobs, the same employers handing out these jobs are

hurting itself—and young people—by limiting their candidate pool to 【M9】_________

college graduates. In an age of ubiquitous disruption and unpredictable

job evolution, it is hard to argue that the knowledge acquisition

historical associated with a university degree is still relevant. 【M10】________

【M5】