labour market

Graduate Degrees and Low-Wage Work

Underemployment is a phenomenon in the labour market that doesn’t get a lot of attention. That’s partly because the term “underemployment” can mean a couple of different things. One definition of “underemployment” is part-time workers who would prefer to be working full-time, or who are actively seeking full-time work while working part-time. Those situations aren’t always captured by measures that simply count the numbers of part-time workers, because those data don’t look at workers’ reasons why they are working part-time.

Another definition of “underemployment” is workers that have higher qualifications than the requirements of the job they’re employed in. This is also referred to as “overqualification”. And there’s a new study with some fascinating data about underemployment or overqualification among people with graduate degrees. (more…)

What Do Universities Want from Employers?

Around this time of year, as university graduation ceremonies are starting to happen, there are usually more than a few news stories about the knowledge, skills and abilities that employers are looking for in university graduates. There’s also stories claiming that Canada has a “skills gap”: that new university graduates allegedly lack the skills that employers are seeking.

These stories tend to be very one-sided discussions, based on an implicit assumption that a university’s job is to produce what employers want. Obviously, no university student wants to spend several years and many thousands of dollars to end up being unemployable. But when all Canadian universities are struggling with decreasing government funding and increasing operating expenses, I sense an increasing frustration from universities that they are expected to respond only to whatever employers want. And, in my view, this frustration also results from a failure by governments and other stakeholders to acknowledge other purposes for university education – like producing well-rounded individuals that can become active and informed members of society.

There are great employers who understand what universities do, and why they do what they do. And there are not-so-great employers who don’t understand why universities won’t produce “better” graduates. If universities were to respond to those narrow-minded employers, what would they say? Here’s what I think it might sound like. (more…)