Well, according to a study conducted by the Organization for Economic Cooperation and Development (OECD), in Mexico things don't follow this reasoning. In Mexico, the more you prepare academically, the less likelihood of getting a job.

According to a report on levels of unemployment in Mexico, the highest percentage of unemployed population corresponds to people with higher education, coming in at 4.6%, whereas only % 3.5 have only basic levels of education. The job market for people with lower education levels is better than for more qualified people. The opportunity level for an un-educated person is 64% versus 55% for more educated persons.
Gabriela Ramos, director of the OECD committee, believes that there is a need to formulate a way to reduce the demand for less qualified workers, although, we would first need to understand why something that falls outside the realm of logic occurs to begin with.

You are "overqualified" for the job. Who hasn't met a person that has been rejected for a job under this argument. The truth is that employers many times believe that an employee may become frustrated for a job he is overqualified for. If the company does not have areas for growth this could lead to a high turnover rate, and so they instead choose to hire somebody that will be satisfied with the job even if they are less qualified academically.
More qualified=right to higher wages? Public opinion also indicates that the problem may lie in the fact that people with higher education levels have a greater expectation in terms of pay, specifically those with masters or doctorates degrees, even if they don't necessarily have experience.
A country of laborers. The need for obedient workers that don't question the company could be an attractive "quality" for employers. It is well known that with less educational preparation, employees tend to be more docile in the face of unfair practices committed by companies.
Chime in and tell us what you think the reason is.
Vía La Jornada
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Elizabeth.rosales@sandiegored.com