When framing any debate on the value of college, it is worthwhile to see how the recipients of college degrees are faring. Apparently, not so well. As Clay Shirky states:
The value of that degree remains high in relative terms, but only because people with bachelor’s degrees have seen their incomes shrink less over the last few years than people who don’t have them. “Give us tens of thousands of dollars and years of your life so you can suffer less than your peers” isn’t much of a proposition. More like a ransom note, really.
The debate regarding the future of higher education is becoming more animated, but one thing is clear at this point. We cannot continue to support a system where the costs vastly outweigh the benefits. The system will be disrupted.
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And THIS is why I stopped going to college.
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Reblogging for the value of the chart plus the insightful caption. CHART SHARK
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Sure, sure, college value is declining. But, the real story? Why is no one discussing ways to defeat that massive chart...
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- devzer0 said: Although I’m not saying cost of tuition is not a problem. Obviously it is. It’s not reasonable to expect employers to offset rising tuition cost with higher comp, ad infinitum. People with advanced degrees should be leading and not joining anyway.
- devzer0 said: A degree isn’t an automatic payday. Maybe what’s not shown in this graph here is that those without degrees are getting through on merit, not because of pedigree. This type of stat is to generic to be meaningful.
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