What is Education inflation definition?

Education inflation refers to the increasing demand for higher educational qualifications for jobs that historically did not require them, leading to a devaluation of degrees. As more individuals attain advanced degrees, employers may raise their educational requirements, making it harder for job seekers to find employment without higher credentials. This phenomenon can result in a mismatch between the skills possessed by graduates and the actual needs of the job market. Consequently, degrees may lose their perceived value, leading to an oversaturation of qualified candidates.