> Credentialism is a tool governments/businesses use keep control of the labor situation.
If this were the only factor, then businesses that simply stopped requiring a college degree would have a huge advantage over those that didn't. They could hire more employees, more cheaply.
So why isn't that happening? There has to be more to the story than all businesses and governments colluding to require college degrees.
White collar labor simply doesn't scale like blue collar. The problems don't get easier with more people anymore. As you go up the chain quality is more important than quantity.
If this were the only factor, then businesses that simply stopped requiring a college degree would have a huge advantage over those that didn't. They could hire more employees, more cheaply.
So why isn't that happening? There has to be more to the story than all businesses and governments colluding to require college degrees.