Higher education outcomes and labor market needs

Higher education outcomes and labor market needs

Written by: hawre Latif Majid 

Due to technological advances, the evolving nature of work, and changing economic landscapes, the relationship between higher education and the workforce has changed significantly. As markets have expanded, a number of new questions have arisen, resulting from the high number of graduates. Is there an excess of graduates now? Or, are graduates studying the “right material” of the subjects? Or do higher education institutions play an important role in equipping students with the skills and knowledge needed to thrive in the labor market? On the other hand, employers and investors are increasingly concerned, or the labor market expects more skills from graduates, which has created problems for markets and graduates: on the one hand, unemployment, and on the other hand, the lack of skilled labor for the labor market.

Markets are going through an important phase of rapid technological, economic, and social change; providing and preparing a labor force for the labor market has made the responsibility of universities and higher education institutions in the world more difficult. While higher education has grown rapidly in most countries in recent decades, it has also been a gateway to employment and expanded economic mobility, which has had an important and profound impact on the labor market and market needs for skilled labor. The outcomes of these developments in higher education are largely based on the assumption that more education is necessary and good for individuals and society as a whole, not only in terms of economic outcomes such as wages and employment, but also for a wider range of social outcomes.

With the rapid growth of markets, due to the dominance of technology and the direction of the labor market and the expansion of economic trends in the world markets, the market needs for labor do not stop with a degree Develop students\' skills for market needs, such as skilled labor, and genuinely link universities to markets to meet employers\' needs. Higher education institutions should emphasize the importance of both technical and practical skills; they can play an important and better role in nurturing skills and competencies. Governments also have an important role to play in setting appropriate legal frameworks and securing higher education skills and outcomes to study subjects that have a high relative demand in the labor market. More generally, given the positive relationship between higher education and economic growth, it will be important to consider the theme of building university curricula on skills needed for the labor market.

The article aims to focus on university programs aimed at training real professionals in the world of education and training to be able to take on the responsibilities required of them and have the necessary skills and abilities, because it has been shown that there is an interaction of demand and supply. In recent years, it has made a huge difference among graduates. Supply has exceeded demand due to rising salaries for university degrees. There is much debate about the reasons for the increase in graduate exposure, but the prevailing view is that technological change, inexperience and skills are major factors, leading to the concept of “workforce development” and the process of building and retaining a skilled workforce Their graduates should have the skills that are in demand by employers.