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Recent headlines have touted the move by several big employers to stop requiring new hires to hold college degrees. Meanwhile, a drumbeat of studies show increasing labor market returns for degrees, and employers say they value the critical thinking skills of liberal arts graduates.

These seemingly oppositional trends are both real and on display in a new report from Northeastern University’s Center for the Future of Higher Education and Talent Strategy. The report sheds light on a technology-enhanced shift in the way workers are being hired in the knowledge economy.