“a college degree is no longer the signaling mechanism that it was” is starting to happen right now. As soon as this realization hits employers — job candidates have all the skills you want, through demonstrated experience — how likely is it that students will be accumulating insane student loan debt to get a degree?
Of course, many professional jobs require formal education that a degree “verifies”, but increasingly, many don’t.
Like every business, digital is tearing apart the existing business model.
Erik, you point out a lot of the positives that can occur. But it will be very painful! Enjoyed the post!