a lack of jobs doesn't mean the education or degree is worthless. oversupply of 'labor' or no demand for labor
did you read my post ? I did not mention "using a degree" or "partying". My post was very simple...who is ahead economically ? degree or no degree. There is no argument.
Robert Kiyosaki put it best when he said that he was a C graduate but, now that he has multiple businesses, he hires A and B graduates to work for him and he does not pay them that much with a knowing smile. Generally, speaking you make more as a college graduate compared to a high school graduate but, unless you are the VP or top executive or board of director of your company, you are essentially, the slave of those at the top. The harder you work, the richer they become and get bigger bonuses. A high school graduate with street smarts probably, has a fair shot at becoming rich and a business owner ahead of you! Now, if you are lazy, it does not matter if you have a degree or not because you will waste your abilities just the same! When I got laid off in December 2011, my co-employees told me that they started paying bonuses. Those rank and file got like $100-$200 once, a year bonus, Assistant Managers got $1,000-$1,200 bonus, which might seem a lot but, do you know what the Vice President got in her bonus? She got $60,000! Now, this is repeated in probably, 95% of companies in the USA or even Europe or Asia! Why do you think most Americans work 25-30 years and not much to show for it? Taxes take a good chunk of your monies right of the bat. Watch Robert Kiyosaki's videos on You Tube and he explains everything.
Nobody said that. But oversupply of unnecessary and expensive education exist. You see if it was fairly cheap like in Europe, this wouldn't be such a problem.
One of the problems of society that now they expect you to have a college degree for job that previously didn't require one. For example a sales person at Barnes&Nobles should know about books, I don't care if he/she has a degree. But nowadays that person is more likely to get hired with a degree. but let's face it, he is selling books down the line... Pretty objective article: https://www.washingtonpost.com/blog...ion-outweigh-the-cost/?utm_term=.91f03dec8182 Ultimate argument: "(Facebook’s Mark Zuckerberg, Microsoft’s Bill Gates, and Apple’s Steve Jobs are three of America’s most famous college dropouts.)"
I'm sure this is right. Countries (and their governments) take different views of higher education. Some take a very broad view that a higher standard of education/tertiary education, as widespread as possible, is in the country's long-term interests (which is right) and prefer the policy that the taxpayer, rather than the individual students or their families, pays for it (which perhaps isn't?). That isn't a perfect solution, either: it leads to too many people going to too many "colleges" and taking too many "degrees" in subjects that have very little practical value and no academic rigour, either (so they fall short even of the "academic status" of being a "graduate"). Other countries have a graduate tax, or a partially subsidized student loan system. Some have no societal arrangements in place at all. Each has relative advantages and disadvantages. In the UK, they have a graduate tax but they don't openly call it that: they pretend that it's a "student loan method" (and they've dressed it up well enough for many people not involved in the system not actually to realise that that's what they've done). At the moment, there's a strike by university lecturers/professors in England (over their pensions being axed) and students (who have now, of course, become "customers" because nominally they "pay their own fees") are for the first time threatening to sue universities for loss of tuition, etc. You're right ... and that's arisen because (in some countries) as many as 50% of high school leavers go to what they call "colleges"/"universities". It's effectively "cheapens the currency of a degree" and leads to graduates doing what were until recently non-graduate jobs, which in turn leads to it becoming harder to get even a non-graduate job without a college degree.
Why does this myth keep popping up on this thread? This is empirically and categorically not true! The number of high school only graduates who are rich business owners is vanishingly small and getting smaller for today's high school only graduates. Even more relevant, although something perhaps requiring some college level math to grasp, the probability given that you're a high school only graduate that you become a millionaire business owner versus the probability given that you're a college graduate shows an even starker reality. But even then, you're comparing apples to bananas, as if somehow there's a huge cohort of 18 year old high school grad starting companies and becoming millionaires while their college bound contemporaries are wasting away at school. There are plenty of electricians and plumbers and restaurant owners with high school only degrees who own businesses and some are even millionaires. I know and respect quite a few who I work with. Every one of them worked like a slave enriching others, for tradesmen quite literally as slaves with the required apprenticeship, for years before they were in a position to start a business. They'll be the first to tell you. Just like a college grad. At least the college grad got to indulge their intellectual curiosity, party, and generally have a great 4 years after high school instead of pulling wire through conduit while jammed in a crawlspace! So enough with this silly myth of the freedom of the high school only grad with their good common sense trumping the college grad slave to the man, it's a pipe dream!