Education and Economic Growth: Why the Curated Skill Set Is Beating the Inherited Degree
In 2023, researchers at Harvard Business School and the Burning Glass Institute pulled seven years of hiring records from large American employers that had publicly announced they were dropping degree requirements. The press releases promised a talent revolution. The data told a smaller story: for every 700 people those companies hired, roughly one job actually went to a candidate without a bachelor's degree. Nearly half the announcements, researchers concluded, were policy changes "in name only"; the requirement was removed from the job posting, but not from the mind of the hiring manager reading the resume. That gap between announcement and practice is the real story of education and economic growth in 2026. Everyone agrees the old model is straining. Almost no one has finished redesigning what replaces it. Why This Moment Is Different For most of the last half-century, a degree functioned like a load-bearing wall: remove it, and the whole structure of hiring, wag...