As we move forward in our college careers, it’s inevitable to think about what the future holds for us. Luckily, those who are seeking jobs immediately following graduation, the picture is looking better than four years ago and according to Larry Katz, things are looking even better for liberal arts college grads. In an article written by Nicholas Kristof, he states the following:
“A broad liberal arts education is a key pathway to success in the 21st-century economy,” says Lawrence Katz, a labor economist at Harvard. Katz says that the economic return to pure technical skills has flattened, and the highest return now goes to those who combine soft skills — excellence at communicating and working with people — with technical skills.
“So I think a humanities major who also did a lot of computer science, economics, psychology, or other sciences can be quite valuable and have great career flexibility,” Katz said. “But you need both, in my view, to maximize your potential. And an economics major or computer science major or biology or engineering or physics major who takes serious courses in the humanities and history also will be a much more valuable scientist, financial professional, economist, or entrepreneur.”
It seems that employers are looking for people who are multi-faceted in skill rather than those traditionally trained in one technical skill — they need an employee that can do it all. The thinking is that those who are educated within a wide array of skills can better make all encompassing decisions within firms by taking in all of their learning. From an employee standpoint, it also allows them to have more career flexibility and have them tackle the job market in more than one way.
Boy, I hope these guys are right.