How many jobs really require college?

Devin Helton:

It is the conventional wisdom in some circles that we need to send even more people to college. As Bill Gates wrote, “America is facing a shortage of college graduates…By 2025, two thirds of all jobs in the US will require education beyond high school.”

I am very skeptical of this point of view. In a previous post, I argued that many professional jobs (architect, manager, lawyer) have no natural need to require three to seven years of tertiary schooling. Rather, the strict requirements are due to credentialing laws that restrict entry into the profession and prop up wages.

For this post, I decided to go through a master spreadsheet of employment in the United States and make my own assessment of what percent of jobs truly require college. I sorted each occupation in one of the following buckets:

Grade School or Less Needed – Beyond reading, writing and basic math, no education is needed for this job. Any job specific training takes less than six months. Examples: truck driver, cook, massage therapist, hair stylist, or orderly.