Numerous American companies now disregard college degrees in the United States, and there's a good reason for their decision.
Since many businesses are no longer requiring applicants to have college degrees for corporate roles, millions of American undergrads are given a chance to land decent jobs.
College Degrees Now Disregarded by American Companies
According to Fox News' latest report, more and more American companies are removing college degrees from their corporate job requirements.
Because of this, experts believe that the four-year diploma's value is being degraded. The US-based businesses that are starting to disregard college degrees include Bank of America, Google, Walmart, and Accenture.
They all announced that they plan to offer more jobs that don't require applicants to graduate from college. Michael Gibson, a venture capitalist, said that the rising trend of college degree job requirement removal is up-and-coming.
He explained that the decision of American companies to disregard college diplomas is essential, especially since the United States now has over $1 trillion in student debt.
"The most aggravating part is that everyone's paying attention to the poor students who are billed," said Gibson, author of the "Paper Belt on Fire" book.
"But no one is blaming the universities themselves for teaching worthless things or not providing the sort of career advice that they should," he added.
Gibson said that it would be better if more people gave up getting college degrees to start a career for themselves.
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Why Value of College Degrees Degrade
Time Magazine explained that the value of college degrees started to degrade in 2010, the year after the financial crash tanked the US economy.
In 2011, surveys and studies revealed that half of college graduates had issues landing a job. This led to increased unemployment and underemployment rates.
Because of this, many Americans are starting to think that college degrees are no longer the "golden ticket' to success. Now, finishing college has become a major burden to students and their parents because of rising expenses.
Walmart removed the college degree requirement to help Americans overcome this "unnecessary" barrier in their career journey.
Meanwhile, entrepreneurs like Ted Jenkin explained that the business sector now prefers a proven track record of success and real-world experience over a college diploma.
He asked if people plan to work for a tech company, will the firm look for a college degree or practical coding experience?
He added that the current US society shows that out-of-control college expenses impact the importance of college degrees today.
