Overeducation

"Ein ökonomisches Plädoyer gegen den Akademisierungswahn" (in German)

As Hilmar Schneider explains in the German business weekly "Wirtschaftswoche", the trend toward favoring academic education over vocational training has led to a large variety of new college majors in highly specialized (and sometimes rather exotic) subject areas that are not necessarily tailored to the demands of the labor market. Schneider suggests that universities provide information on the employment prospects and career paths of their graduates in order for college entrants to make informed decisions and avoid obtaining useless qualifications.

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