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Credentials Evolve: The Rise of Skills over Degrees
The relevance of traditional higher education is diminishing, being perceived more as a relic of the past that once facilitated social mobility but fails to deliver value to many today. Instead, there is a growing emphasis on skills-based training, particularly in technical fields where competencies are hard to counterfeit. The conventional university degree, especially in non-technical subjects like humanities, is increasingly viewed as less important, with many resources now available online for self-education. There is a trust deficit in the university system, which may not easily recover from its current crisis. The caste-like structure of higher education, where prestige is emphasized based on the institution attended, contributes to this issue and is seen as un-American. Instigating a change toward valuing diverse pathways for skill acquisition is essential, and while there's hope for a fundamental shift, the entrenched college system persistently draws attention. The trend indicates that skill-based credentials are poised to gain significance, thereby reshaping future educational paradigms.