>>What if the markets’ supply and demand curves indicate need for people with more than high school education
Then that indicates the high school education is not stringent enough for the market, and should be adjusted accordingly
> and an oversupply of people with just high school education?
The market is showing currently an extreme lack of qualified people. if the market is saying there is an " oversupply of people with just high school education" but there are millions of jobs open, that means the market is telling us that a High School Diploma is meaningless to the market, which as you point out that is what many employers are saying. They are hire people with a High School Diploma and it is a crap shoot where they have basic levels of education or not because in many schools its a participation award not a skills award
This has driven employers to respond with demanding higher levels of "education" in an effort so screen people..
> The market is showing currently an extreme lack of qualified people.
And/or a lack of commensurate wages to incentivize qualified people.
We agree on the situation as it currently is of high school being worthless since you pass just for showing up at least half the days of the school year.
But supposed there is a future where K-12 education is rigorous and we improve to the point that calculus and basic physics/chem/bio are as normal as reading and writing, then I can envision a situation where K-12 might not be enough.
Then that indicates the high school education is not stringent enough for the market, and should be adjusted accordingly
> and an oversupply of people with just high school education?
The market is showing currently an extreme lack of qualified people. if the market is saying there is an " oversupply of people with just high school education" but there are millions of jobs open, that means the market is telling us that a High School Diploma is meaningless to the market, which as you point out that is what many employers are saying. They are hire people with a High School Diploma and it is a crap shoot where they have basic levels of education or not because in many schools its a participation award not a skills award
This has driven employers to respond with demanding higher levels of "education" in an effort so screen people..