US college wage premium reportedly drops almost 10% over four straight years

Finimize says the US college wage premium—the extra pay graduates earn compared with non-graduates—has fallen almost 10% over four consecutive years. It describes a similar trend in Britain, including among STEM graduates and workers in London’s knowledge economy. With the supply of new graduates leveling off, Finimize suggests weaker demand for their skills may be driving the shift, with AI a possible reason. It argues employers may increasingly favor aptitude tests, interviews and on-the-job training over degrees.