The Higher Ed Bubble

I’ve written before that the benefits of a college degree are greatly exaggerated. The Los Angeles Times has an article titled “Is a college degree still worth it?”
Here’s a sample:

After spending tens of thousands of dollars on higher education, often taking on huge debts along the way, many face a job market that doesn’t seem to need them. Not only is the American economy producing few new jobs of any kind, but the ones that are being added are overwhelmingly on the lower end of the skill and pay scale.
In fact, government surveys indicate that the vast majority of job gains this year have gone to workers with only a high school education or less, casting some doubt on one of the nation’s most deeply held convictions: that a college education is the ticket to the American Dream.

Posted by on June 15th, 2010 at 11:12 am


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