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From Bloomberg:

The number of new college graduates far exceeds the growth in the number of technical, managerial, and professional jobs where graduates traditionally have gravitated. As a consequence, we have a new phenomenon: underemployed college graduates doing jobs historically performed by those with much less education. We have, for example, more than 100,000 janitors with college degrees, and 16,000 degree-holding parking lot attendants.

Does this mean no one should go to college? Of course not. First of all, college is more than training for a career, and many might benefit from the social and non-purely academic aspects of advanced schooling, even if the rate of return on college as a financial investment is low. Second, high school students with certain attributes are far less likely to drop out of school, and are likely to equal or excel the average statistics.

----Get your plumber suits on men----

From: http://www.businessweek.com/articles/2012-04-09/wh...

2

Comments (104)

  • F117's picture

    This has been going on for years. A bachelor degree is almost meaningless unless 4.0 engineer from HYSP. It has become so ubiquitous it has lost it signaling power to employers. It is like a HS degree from the 60's.

  • In reply to F117
    Comp_Banker's picture

    F117 wrote:
    This has been going on for years. A bachelor degree is almost meaningless unless 4.0 engineer from HYSP. It has become so ubiquitous it has lost it signaling power to employers. It is like a HS degree from the 60's.

    I can't agree more

  • BTbanker's picture

    I would say that about half of the people in college shouldn't even be there. So many kids put 0 effort into their education and are only there because of either family pressure or the fact that the government is paying for them. People think that a college diploma automatically gets them a job, but like what F117 said, ugrad degrees seem useless unless it's a 4.0 from HYPS.

  • BigBucks's picture

    All this article says is if you can graduate from a solid college with a solid major (engr/acct mentioned here) then you will probably get a good return on your education. I don't need an article to tell me that not graduating college after attending is not going to help that much, that is a duh statement. I don't need an article to tell me majoring in art is probably not going to get me that sweet 100k/yr. corporate job, that is a duh statement. I don't need an article to tell me that going to South Dakota State University A&M is probably not a good investment, that is a duh statement.

  • In reply to Comp_Banker
    swagon's picture

    Comp_Banker wrote:
    F117 wrote:
    This has been going on for years. A bachelor degree is almost meaningless unless 4.0 engineer from HYSP. It has become so ubiquitous it has lost it signaling power to employers. It is like a HS degree from the 60's.

    I can't agree more


    that's why I'm getting my phd in english

  • BTbanker's picture

    People who attend universities outside the top 300 (ie University of Phoenix) are expecting to make $100k just because they have a degree. HS grads in their 40's that go back to school for a degree in Art History expect to get a job afterwards. If you can't get into a decent state school, you probably shouldn't even go to college.

  • IamObama's picture

    Okay college isn't for everyone but to suggest to all lower high school performers to seek alternatives path is retarded. I messed around too much in high school and graduated with below a 2.5 from a shitty high school. I attended a shitty four year university for one year, got a great GPA and transferred to a decent state school. I'm now starting off in the industry this year making close to 70K, well ahead of where I would be if I followed this guys advice and sought alternative training because of my HS performance. I would probably stuck on 40k salary or lower for the next few years.

    Yes, my story is not of the typical HS graduate with less than a 2.5 but if they don't try they won't end up anywhere anyway. So to suggest to all that if you are from a low quality high school with a below par GPA is retarded.

  • JeffSkilling's picture

    Just another example of how the government can so royally fuck shit up. Wayy too many kids go to college, especially the ones that get bullshit degrees in sociology and whatnot. All thanks to the fact that the government is there to give any kid on the street a $200,000 loan to study art history. If we stopped all Federal student loan programs tuitions would plummet and those that still couldn't afford it would be forced to actually go get a real job.

  • In reply to F117
    wolverine19x89's picture

    F117 wrote:
    This has been going on for years. A bachelor degree is almost meaningless unless 4.0 engineer from HYSP.

    I think you're exaggerating just a tad here.

    If your dreams don't scare you, then they are not big enough.

    "There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

  • streetwannabe's picture

    I think many low performing hs kids need time to develop outside of school. Many of my friends at my school are European and older (22 as a freshman). They are extremely focused and come into school knowing what they want to study and how to do it. They have had jobs after hs and have the time to decide if they're okay working a blue collar/admin job or if they want to pursue professional career or even trade school.

    On that note, trade schools are undervalued in the US and I think alot of kids would find those degrees more practical and interesting to what they want to do. A lot of kids come to school and get a History degree with no fucking clue what to do with it when they should've gotten a trade degree at a 2yr school as an electrician or plumber (who actually make decent money and are a value adding member of society).

    "History doesn't repeat itself, but it does rhyme."

  • In reply to streetwannabe
    Binary_Bankster's picture

    streetwannabe wrote:
    I think many low performing hs kids need time to develop outside of school. Many of my friends at my school are European and older (22 as a freshman). They are extremely focused and come into school knowing what they want to study and how to do it. They have had jobs after hs and have the time to decide if they're okay working a blue collar/admin job or if they want to pursue professional career or even trade school.

    On that note, trade schools are undervalued in the US and I think alot of kids would find those degrees more practical and interesting to what they want to do. A lot of kids come to school and get a History degree with no fucking clue what to do with it when they should've gotten a trade degree at a 2yr school as an electrician or plumber (who actually make decent money and are a value adding member of society).

    THIS!

    I'm gonna get that bish some binary
    Bishes love binary
    ---------
    Kind Regards,

    Bin_Ban

  • JDawg's picture

    Connor that's a huge exaggeration. A 3.8 STEM degree at a decent state school can definitely get you a job.

    I haven't done much research on the topic, but I like Germany's education system from what I've heard about it. Basically after 4th grade, you have a choice of enrolling at either the traditional liberal education style school (called Gymnasium) or the shorter and more practically-oriented schools (Hauptschule or Realschule). The former prepares you for college. The latter is shorter in duration (graduate after 9th or 10th grade) and leads to vocational schooling and apprenticeships until the age of 18.

    Rather than force the less academically-oriented students to waste their time with the traditional liberal arts secondary education + 4 years of partying in college, why not allow them to attend vocational schooling early on? There's a reason German cars are so famous (BMW, Mercedes, Audi, Porsche, Maybach, Volkswagen)...

    Also, binary_banster your pics never cease to impress me.

  • harvardgrad08's picture

    It's obvious that too many people are going to college...

    Personally, I think the model that certain European countries have is what should be implemented in the U.S. That said, it will never happen because Americans are all about freedom of choice, etc. Which is great and all but ends up leading to the current situation.

    In a few European countries, by the time you are in h.s. you basically get put into tracks...a kid that doesn't have the perceived academic aptitude to pursue a college degree and go into the world of law, medicine, etc. gets put on an apprenticeship track where they go to a trade school and work under a master of a certain profession - whether it's an accountant, electrician, plumber, etc. These schools are still publically funded and at the end of the day you don't end up with millions of students working on bullshit art history degrees at Wichita State. But like I said above this would never happen in the U.S. because it goes against so many of the country's core values and culture. So not sure what can be done to overturn the current situation.

    Edit: Basically what JDawg said. :)

  • streetwannabe's picture

    It may be tough for a kid in 5th grade to decide whether or not they want to go to college ( I wanted to play professional soccer ), so I'm not totally on board with that perspective of the European system, even though it seems to work for them. I think American culture has effectively screwed up the way kids look at school (being smart is not cool, nerds, losers, etc.) while nearly all the foreign exchange students that came to my shit school were great in math and chemistry and physics while they seem to believe that they are average in their respective country.

    In the end though, I really don't care. Nearly all my friends think I'm a loser bc I obsess over IB internships and jobs and market news and finance, but in the end, I'll be the one with the job (hypothetically and hopefully, who knows anymore) while they're working as an insurance salesman for Aflac or worse.

    I think in short, college is over-attended. My parents never pressured me or my brother. I am in college and hoping to break into IB while he only obtained his GED and is working as a cook at various resorts in Montana and Alaska and getting by, but he likes it so who cares. Better than going to college and taking on debt, only to drop out after 2 years and end up doing what he's doing now anyways.

    "History doesn't repeat itself, but it does rhyme."

  • In reply to streetwannabe
    tiger90's picture

    streetwannabe wrote:
    It may be tough for a kid in 5th grade to decide whether or not they want to go to college ( I wanted to play professional soccer ), so I'm not totally on board with that perspective of the European system, even though it seems to work for them. I think American culture has effectively screwed up the way kids look at school (being smart is not cool, nerds, losers, etc.) while nearly all the foreign exchange students that came to my shit school were great in math and chemistry and physics while they seem to believe that they are average in their respective country.

    In the end though, I really don't care. Nearly all my friends think I'm a loser bc I obsess over IB internships and jobs and market news and finance, but in the end, I'll be the one with the job (hypothetically and hopefully, who knows anymore) while they're working as an insurance salesman for Aflac or worse.

    I think in short, college is over-attended. My parents never pressured me or my brother. I am in college and hoping to break into IB while he only obtained his GED and is working as a cook at various resorts in Montana and Alaska and getting by, but he likes it so who cares. Better than going to college and taking on debt, only to drop out after 2 years and end up doing what he's doing now anyways.

    "Filling our young people with false hopes and unrealistic goals will end up being far more damaging to their self-esteem. We should encourage kids to explore their individual talents and develop those gifts into their future vocation." Michael Franzese, retired mob boss.

  • In reply to tiger90
    streetwannabe's picture

    tiger90 wrote:
    streetwannabe wrote:
    It may be tough for a kid in 5th grade to decide whether or not they want to go to college ( I wanted to play professional soccer ), so I'm not totally on board with that perspective of the European system, even though it seems to work for them. I think American culture has effectively screwed up the way kids look at school (being smart is not cool, nerds, losers, etc.) while nearly all the foreign exchange students that came to my shit school were great in math and chemistry and physics while they seem to believe that they are average in their respective country.

    In the end though, I really don't care. Nearly all my friends think I'm a loser bc I obsess over IB internships and jobs and market news and finance, but in the end, I'll be the one with the job (hypothetically and hopefully, who knows anymore) while they're working as an insurance salesman for Aflac or worse.

    I think in short, college is over-attended. My parents never pressured me or my brother. I am in college and hoping to break into IB while he only obtained his GED and is working as a cook at various resorts in Montana and Alaska and getting by, but he likes it so who cares. Better than going to college and taking on debt, only to drop out after 2 years and end up doing what he's doing now anyways.

    "Filling our young people with false hopes and unrealistic goals will end up being far more damaging to their self-esteem. We should encourage kids to explore their individual talents and develop those gifts into their future vocation." Michael Franzese, retired mob boss.

    Completely agree, you dont need to have a degree in art to be an artist and some degrees, not specific but I'm sure you can think of some, are just not smart investments of time and money. Unless you have some idea of what kind of job your major will get you, realistically, then don't do it. Waste of your time, schools time, funding money, gov money, etc

    "History doesn't repeat itself, but it does rhyme."

  • UFOinsider's picture

    The opinion is a bit extreme and I'd honestly rather have a janitor with a college degree that can sign up for an MSF, just as an example, than not have that option. The higher education system is far beyond bloated, it's leveraged against a massive unforgiveable debt sold to teenagers and must adapt before it threatens the entire country. I DO have a serious bone to pick with people like John Stossel, who only has his job because of his ivy league education who's desire to rape the system and who's general ignorance of how to better the system lead them to say things as stupid as 'any college that's not top 3 is worthless'. Get a clue, not everyone wants to be a GS MD, but there's plenty of room for jobs above construction worker that require education.

    I really have no patience for ideological/abstract/mindless "it's the government's fault" bitching, largely because it solves nothing. A lot of problems AND good programs come from there, so let's focus on what actually works and what does not. A few ideas to start the brainstorming:

    * Encourage more AP classes in high school. My high school had almost none and I learned calc 2, bio, and three languages by the seventh grade. High school was torture for me because I went from some of the most advanced childhood training to being around the average idiot and I got straigh A's 9-12 without ever cracking open a book. Not everyone is like me in their desire to read an entire encyclopedia by the age of ten, but I fail to see how 50% of college freshmen fail writing 101. It's a travesty.

    * Bolster community -> 4 year degree programs. I'm from NJ and there are several very CHEAP and SUCCESSFUL programs here where kids who do well in high school get a free / at cost associates at community college and are then guided through the transfer process to full fledged four year degrees at good universities. I've seen a bunch of kids do two years at a community, two years at Kean/Rutgers/St.Peters/etc and go to BB/MM / F5000 / grad school etc....and they are functionally indistinguishable from guys like me who went straight from high school to university. The only real difference is that they graduate with 50% of the debt I did and typically don't spend as much time on the party/drinking scene (I didn't party in college, believe it or not). Leave the traditional system intact for people with resources or willing to go into debt, just build on the alternative system.

    * Full audit of employment stats from every program / school getting government money. While the assholes spending 9 years in ugrad to get an alchemy degree and then doing a PhD in english and ending up as a pool boy are obvious, we don't even have any clue what the whole picture looks like. Track students 1, 2, 5, and 10 years out to get an idea of what schools and programs work, which need improvement, and what ones are just a drain on the system. There's no reason to have a publicly funded system so devoid of objective data points, this isn't the CIA, it's school. Same for grad school: these aren't top sectret proprietary formulas, they're basic stats on how well a university prepares people for the real world.

    * End for-profit colleges immediately, as these are the biggest fraud foisted upon a young generation since allowing snake oil salesmen to roam the countryside selling cocaine. A non-degree in 'informational studies' from an online university with no accrediations or employment stats is fraud and should be shut down.

    * Assign college credit and accredit vocational schools, even if capping it at associates status. How in the fuck is an art history major granted more rights and access to grad schools than a guy who can build a house from nothing or take apart a train? White collar pricks hear 'vocational' and assume a bunch of momos, but I spent some time in a vocational school and was impressed by the depth and discipline of (some of) the programs. I will never be able to use that towards grad school or a degree...and that's ok for me because I also went to college, but those kids deserve better. I see it as a class system, plain and simple. Why should not a person who can maintain a 747 not be eligeable to get a masters in elecronics???

    * Build up grammar school. Why in the fuck were my hockey buddies learning mulitplication in seventh grade...SEVENTH!!!!.... at the public school while I was prepping for multivariable calc? I'm no genious, the systems need improvement. This isn't rocket science: pay the good teachers more, can the shitty ones, and raise the general bar.

    These are just rough ideas to get people thinking. Truth be told, you can either breed + train better citizens, or you can spend that time keeping moronic ones in line. Take your pick.

    Get busy living

  • tiger90's picture

    I think in the US people think that there is this innate need to have a college degree to be anything of importance or happy. I think the internet has destroyed the value of a college degree for most people who have curiosities, since you can learn about anything, or find a reference to anything at a click. The thing is that many people don't want to spend 4 years of their lives studying esoteric principles that have very little meaning on their lives, and yet because of the huge push that every child should go to college in America, occupations that otherwise would just have been offered for people out of high school are now being usurped by folks who wasted an education on a bullshit degree being funded by federal tax dollars.

  • streetwannabe's picture

    ^^ I agree with you. I think that public school standards need to be raised and that these schools need to prepare each student for a realistic future, not send as many kids to college as we can. Also, teachers could definitely be improved. How, is up for debate which I'm sure everyone has a solution to.

    "History doesn't repeat itself, but it does rhyme."

  • In reply to streetwannabe
    streetwannabe's picture

    streetwannabe wrote:
    ^^ I agree with you. I think that public school standards need to be raised and that these schools need to prepare each student for a realistic future, not send as many kids to college as we can. Also, teachers could definitely be improved. How, is up for debate which I'm sure everyone has a solution to.

    @ UFO

    "History doesn't repeat itself, but it does rhyme."

  • tiger90's picture

    I don't agree, I think forcing Janitors (or any kind of job that doesn't necessitate 12 units of humanities courses) should be allowed to begin their occupations after high school. I know many people back home that did not have an interest in going to college, yet they somehow managed to be hard working individuals, and create value to society. They have perhaps happier lives than I do at this point being relatively stable with their jobs and significant others and whatnot, while I'm here clawing for things I am still unsure of whether or not I can achieve.

    I do envy that, and I'm sure many of them envy me in a way. But I don't think that they would trade the work with me, nor I with them, to change these lives. I think they will be happy productive people with happy little children, they may not be BB MDs, but that doesn't mean they need to spend the time and money that college entails.

  • streetwannabe's picture

    I still question how this degree creature has mutated over the years? Idk about any of you, but my grandfather graduated hs. Went into the navy, came back and became an engineer for IBM. Consider how much schooling you would need for that same position today.

    "History doesn't repeat itself, but it does rhyme."

  • tiger90's picture

    My uncle was a hs dropout, went into the Navy's advanced electronics school, served during Vietnam, worked in Silicon Valley for 25 years and created his own telecom startup, sold it after 5 years and is retired. He always told me about how much he loved his work, it was contract work so he would work 2 months at a time then have a couple weeks off when he would go crazy partying, then get back to work.

  • In reply to tiger90
    aempirei's picture

    tiger90 wrote:
    I don't agree, I think forcing Janitors (or any kind of job that doesn't necessitate 12 units of humanities courses) should be allowed to begin their occupations after high school. I know many people back home that did not have an interest in going to college, yet they somehow managed to be hard working individuals, and create value to society. They have perhaps happier lives than I do at this point being relatively stable with their jobs and significant others and whatnot, while I'm here clawing for things I am still unsure of whether or not I can achieve.

    I do envy that, and I'm sure many of them envy me in a way. But I don't think that they would trade the work with me, nor I with them, to change these lives. I think they will be happy productive people with happy little children, they may not be BB MDs, but that doesn't mean they need to spend the time and money that college entails.


    What? Grammar 101, bro. You are a walking Sentence Correction guide covering the full gamut of possible errors.

    My name is Nicky, but you can call me Dre.

  • In reply to aempirei
    tiger90's picture

    aempirei wrote:
    What? Grammar 101, bro. You are a walking Sentence Correction guide covering the full gamut of possible errors.

    Sorry bro, I am a couple of beers down getting ready for the holiday is Boston tomorrow.

  • aempirei's picture

    tiger90 wrote:
    aempirei wrote:
    What? Grammar 101, bro. You are a walking Sentence Correction guide covering the full gamut of possible errors.

    Sorry bro, I am a couple of beers down getting ready for the holiday is Boston tomorrow.


    Go B's, until they play the Flyers of course.

    My name is Nicky, but you can call me Dre.

  • tiger90's picture
  • blastoise's picture

    Grades are based off who can suck up to the professor the best, you are an idiot if you believe other wise.

  • Binary_Bankster's picture

    Interesting a thread where I am not hated

    Carry on Monkeys

    I'm gonna get that bish some binary
    Bishes love binary
    ---------
    Kind Regards,

    Bin_Ban

  • tiger90's picture

    Two things.

    Of course you should attempt to impress your professors.

    Who is the idiot you appear to be trying to contradict with this somewhat off topic remark?

  • In reply to streetwannabe
    UFOinsider's picture

    No one hates you, binary banker

    streetwannabe wrote:
    I still question how this degree creature has mutated over the years? Idk about any of you, but my grandfather graduated hs. Went into the navy, came back and became an engineer for IBM. Consider how much schooling you would need for that same position today.

    agree with this: it's choking the life out of the system.

    Get busy living

  • Cola Coca's picture

    In general, 90% of what you do on the job is learned there. College is all about signalling and socializing.

  • In reply to streetwannabe
    ChrisHansen's picture

    streetwannabe wrote:
    =while nearly all the foreign exchange students that came to my shit school were great in math and chemistry and physics while they seem to believe that they are average in their respective country.

    Hahaha this is so true. I had this Korean exchange student in my math class in HS, it was the most advanced class the school offered and he was in it as a junior while everyone else in the class were seniors. He always talked about how he's dumb in Korea and a year behind in math there. Sure makes you feel shitty about the state of affairs in this country.

    Even at top colleges, half the kids there (here) have no fucking clue what they're doing. They just get good grades and become president of everything in high school because mom and dad said to, not because they have a tangible career or life goal in sight after college. They just go to college, do the same thing they did in high school, and think about maybe getting a job after graduating their first semester of senior year. It baffles me how their parents can dish out 50k a year for their kids who are good at school but utterly fucking clueless in life.

  • F117's picture

    I did research with a stats teacher who showed that HS GPA had no correlation with placement in college math/english. This was at CC but I think is an example of the problem. How is it that some of the students we sampled could have a 3.5+ GPA in HS and place into remedial english or algebra? at a CC! Some of my classmates were "can't read an eye chart dumb". Who told them college would be a great idea? Getting a CC degree in interpretive dance while on aid is nuts. It drives up the cost for others. But then that cost is pushed to the taxpayers so that the state can artificially keep the cost of these schools down by subsidizing every student. If they let the price rise to equilibrium no one would attend and the school would go bankrupt. They sell it to voters by claiming that they are helping students who can't afford it. The argument goes though that there is a social benefit to educating our youth. I agree that education helps everyone, but you learning dance is not beneficial to anyone even yourself. This isn't juilliard for crying out loud! Now these kids don't understand why they can't get a job when they have a degree too. They don't understand that the degree is a signal to an employer of the skills of the potential employee. These kids don't understand the risk that an employer takes when hiring. If you get a degree in art history you are demonstrating that you gained no marketable skills useful in making a profit which is what businesses do. A friend of mine recently got her MA Library Management or some shit. Now she blames Chris Christy because she can't find a job. (UFO we are neighbors).

    Anyway rant over. I am ready to dodge the monkey shit.

  • In reply to F117
    UFOinsider's picture

    F117 wrote:
    But then that cost is pushed to the taxpayers so that the state can artificially keep the cost of these schools down by subsidizing every student. If they let the price rise to equilibrium no one would attend and the school would go bankrupt.

    This is actually not the case: the cost of school keeps going up....a lot....and the gov't backs the increased loan amount. In the last decade, what it cost me for a full year + room/board now covers one semester OF TUITION at my alma mater!!! Coupled with the fucking fortune that the professors rake in on a new edition of books every semester, I'm not sure where the money is going: and I worked in a school bookstore for a few months and got to see the turnover and profit margins.....they're OBSCENE.

    I too know a chick with an MA in library, and another with a freaking PhD.....to put books away?? I don't get how the job requires $100K+ in education, it's not hard, you put them on the shelf. The whole library model is changing anyway, why study an obsolete system?????

    LOL if Earth is some other planet's hell, New Jersey is the torture chamber. My plan is to leave this hellhole and never come back. First stop, NYC, after that, who the fuck cares....highest taxes in the country!!!!!!

    Get busy living

  • F117's picture

    I agree UFO with cost rising at schools. I meant specifically at CC and State schools (RU) where the actual tuition subsidized by the school. Should have been more specific. If the price at these schools was allowed to reach equilibrium then demand would decrease significantly. Causing all kinds of problems. They can't pay the teacher salaries as it is. RU had violate its own contract with the union and not pay salary increases. It is a mess. And tax payers are paying 65% of the tuition for a student at a state school. I used the GI bill at a public school, so I really screwed the taxpayer!

    But I don't mind some kid going to a private school and paying 50,000 to take fly fishing classes. I just want them to understand that no employer should have to hire them at 60k just because they have a degree in "gender roles in french film and literature pre-industrial revolution"

  • F117's picture

    My own grammar above makes my point. lol

  • Cola Coca's picture

    I've seen a couple of jobs that ask for library science degrees while browsing for finance jobs. Saw one on Fidelity today for example.

  • In reply to F117
    UFOinsider's picture

    F117 wrote:
    I used the GI bill at a public school, so I really screwed the taxpayer!

    LOL no dude, the taxpayer screwed YOU for four years, you just got yours.

    Get busy living

  • seedy underbelly's picture

    Tbh, I think my degree and that of most other schools is worth the money/effort/time (Engineering from Georgia Tech/UCLA, Business from UVA etc.). Though I certainly think there's a lot of room for reform in higher education.

    1. The core at my school is composed entirely of pointless liberal arts course because, according to faculty, they are supposed to teach one to "think" (yeah, because Physics and Computer Science and Statistics courses don't teach one to "think").

    2. Too much money is wasted on pointless research on whether Homer employed a "somber" or "vivid" tone in the Odyssey.

    3. Advising is crap and most people don't know what they want to do with their lives and hence major in Sociology/Classics [two of the many university departments that urgently need to be scaled back] with no intention of becoming an academic.

    4. Only about 10% of the undergrads major in STEM. 20% if you add in Economics.

    5. The liberal arts facilities are, strangely, better-equipped than the Science ones.

    6. The prospect of an Undergraduate Business program that prepares one for jobs in the economy is scoffed at and ridiculed but spending your entire life pointlessly analyzing two books written thousands of years ago isn't.

  • VelCro's picture

    While we're on the topic, there's a great debate about whether "too many kids go to college". One of the debators is Peter Thiel - founder of Paypal. Quite long, but a very interesting video.

    http://intelligencesquaredus.org/index.php/past-de...

  • In reply to VelCro
    Binary_Bankster's picture

    VelCro wrote:
    While we're on the topic, there's a great debate about whether "too many kids go to college". One of the debators is Peter Thiel - founder of Paypal. Quite long, but a very interesting video.

    http://intelligencesquaredus.org/index.php/past-de...

    The founder of PayPal is leading the initiative for some kids to not go to college.

    Didn't he offer some reward?

    I'm gonna get that bish some binary
    Bishes love binary
    ---------
    Kind Regards,

    Bin_Ban

  • Febreeze's picture

    I think much of the belief that a college degree guarantees employment stems from the PARENTS, who still hold that mentality from their era.

    I think that once this generation gets older and has kids, and more importantly, after they've experience the job market, their notions of how helpful just any old college degree is will align more with reality.

  • In reply to Binary_Bankster
    VelCro's picture

    Binary_Bankster wrote:
    VelCro wrote:
    While we're on the topic, there's a great debate about whether "too many kids go to college". One of the debators is Peter Thiel - founder of Paypal. Quite long, but a very interesting video.

    http://intelligencesquaredus.org/index.php/past-de...

    The founder of PayPal is leading the initiative for some kids to not go to college.

    Didn't he offer some reward?

    If you watch the video, he supports students going to college to study STEM subjects. So many kids nowadays are concentrated on going to college because everyone's doing it and they feel pressured by the society. He's not necessarily supporting that some kids should not go to college, but they better have a damn good reason why. Something along the lines of that....it's been a while since I watched the video.

  • go.with.the.flow's picture

    There should be a degree for Stripperology. The quality of strippers in Vegas is plummeting.

  • Cardinal's picture

    College isnt for everyone. However there are plenty of kids from my hometown who didn't go to college and believe me they are not killing it.

  • sayandarula's picture

    yes, way too many people go to college. the problem is when i mention this to my friends and family, they get downright pissed off, as if i were some sort of nazi or something. the right to a higher education is so ingrained into the modern american dream that questioning it openly can get you ostracized.

    aside from the clear mismatch of supply of college-educated folks and the demand for their labor, i think there's another reason for the high underemployment of college graduates... the unaligned goals of college students, professors, and employers. at your average state school liberal arts program, college professors have the goal of producing graduates who will advance the study of liberal arts (as they should be...). employers, on the other hand, are looking for college graduates with the practical skills necessary to excel in a corporate role. students at these schools, however, are mostly looking for the social experience of college and living away from their parents. nothing is wrong with these three goals in and of themselves, but the american university system tries to do all three and ultimately does them very inefficiently.

    as a nation, we need to step back, put emotion aside, and ask ourselves "is sending so many kids to college nowadays accomplishing what we thought it would accomplish?". if this ever happens, i hope the nation realizes that the answer is a resounding "NO!".

    Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

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