Because of levitating costs, college these days is a luxury item. What’s more, it’s a luxury item with newly uncertain returns.Yes, many of the sorts of service-industry jobs now available to people without higher education are less financially rewarding than manufacturing jobs of yore, and so college has in that sense become more imperative. And, yes, college graduates have an unemployment rate half that of people with only high school degrees.
But that figure factors in Americans who got their diplomas and first entered the job market decades ago, and it could reflect not just what was studied in college but the already established economic advantages, contacts and temperaments of the kind of people who pursue and stick with higher education.It doesn’t capture the grim reality for recent college graduates, whose leg up on their less educated counterparts isn’t such a sturdy, comely leg at the moment. According to an Associated Press analysis of data from 2011, 53.6 percent of college graduates under the age of 25 were unemployed or, if they were lucky, merely underemployed, which means they were in jobs for which their degrees weren’t necessary.
This is pretty interesting and echoes a lot of what I have been thinking. As he points out the canards about the wage differences between people with a college degree and those without is skewed by all of the graduates 10, 20 or more years ago. Compare that to the very difficult time recent grads have in finding a job.That is the result, I believe, of far too many kids getting college degrees that don't need them and frankly that they have no business getting. A four year liberal arts degree is virtually worthless. It doesn't give you any sort of real skills. It is hardly a guarantee or accurate predictor of ability if the younger people I run into on a regular basis are reflective of the typical grad. It is a very expensive delaying of adulthood, a time of politically correct indoctrination, gross immorality and ego inflation that does nothing to prepare someone for a job in the real world. In fact many community colleges do a far better job preparing kids for jobs and careers at a fraction of the cost and half of the time. We don't need more anthropology grads, we need more people, especially more young men, who have the ability and the desire to get something done.
The big issue, IMHO, is that he university system, like the public school system, long ago stopped being about education and became a huge guaranteed employment racket. Education majors need secure unionized public school jobs to move into upon graduation. Liberal arts undergrads who are afraid to leave the ivory tower need more and more university positions to prolong adolescence "teaching" at a college or university.Meanwhile the American people are coerced into funding this whole adventure because we are threatened with economic calamity if little Susie can't pay for a degree in Women's Studies.
To partially quote the philosopher Will Hunting, "You dropped a hundred and fifty grand on an education you could have gotten for a dollar fifty in late fee at the public library". With a trillion dollars in student loan debt, a number that climbs every year like clockwork to keep pace with the ever rising cost of tuition, we are all dropping tens of thousands of dollars to keep kids out of adulthood before plopping them into the world, full of debt and functionally incapable of doing most meaningful work. We imprison people like Bernie Madoff for scamming people out of millions while the education establishment has been bamboozling us to the tune of trillions of dollars. Maybe the wrong people are in prison.