Remember how desperate people, namely Boomers in education or CNN, always cite data about how "college graduates earn $1.2 million more over a lifetime" as proof any degree is a good degree?
Yeah, well that data looked at Boomers who graduated from college 50 freaking years ago.
New data is about to come out that I think will put that canard to rest.
10 comments:
Reading this article made my day. Higher education thinks it's having problems with falling enrollments RIGHT NOW? Just wait until this data starts hitting. It's specific to the level of how much money is earned by graduates from specific programs within specific colleges. My prediction: within ten years, we're going to see a 50 percent cut in the number of applicants to most liberal arts programs at the majority of universities, and probably an 80 percent cut to all hyphenated studies programs everywhere except the Ivy League, where degree programs are more about making connections than actually learning anything.
On the other hand, like Cappy says, you can never go wrong by betting on the stupidity of the masses, so I'm not holding my breath.
How I wish we could upload memes in the comments: https://i.imgflip.com/3mo2bf.jpg
Perhaps it's time to update Worthless?
Canard to rest? In the minds of the worst things on the planet? Having a dezgri iz status, even more than a ribbon for ninth place. They want to replaz whitey. Bugaboo whitey is degreed.
I don't think that most mid-level and below corporate jobs rely so much on what the prospect learned while getting their degree (blatantly worthless stuff excluded), but rather the fact that they actually made the effort to attain it. Indicates that they may possess some initiative and accountability. Also confirms that they NEED to work to pay off that student loan to cover a criminally overpriced education.
Not only does it break down price, it breaks down price per family income range. It is obvious the upper middle class and rich have been ripped off as subsidy machines at most private universities, icluding the vast majority of liberal arts schools. If the degree isn't worth it than it isn't and now the subsidy machines know it as well. Feeling like you've been ripped off isn't going help the university in the future.
I'm looking forward to seeing a lot of entitled, pussy Professors losing their jobs and having to find a spot in the real world along side the idiots they preyed on in the first place!! Sort of like throwing the Warden in with the general populace at his own prison!! Not going to end well for the higher-ed assholes!!!
Damn. About time. I look forward to it. The upshot is that those profs that don't know s@#$%, and there are too many, will be flushed out.
The most sickening thing is that the "college ROI" is all too often real, but it's just because college graduates are made into deviants attracted to expensive liberal cities with high costs of living, like San Francisco or Seattle.
Toss in the 60 or even 80 hour work weeks in pseudo-elite professions, along with the 50% to 100% cost of living increase compared to real America, and you can come up with an impressive looking return to college that's entirely funny money.
The fact that Wharton MBA banner ads are a thing says it all. Those bright enough to get into Wharton can figure out that it isn't worth it, despite being among the best universities and degrees there is. College is now for low information people, and not in the good way that it used to be.
MBA's making 300k in Manhattan working 80-100 hour weeks are de facto middle class, after the debt and lost time is measured. Fake 1% careers are the bait used to ensnare naive students.
I sure wish I could make $500k being a 'director of duh-versity and inclusion' at a pubic university.
https://townhall.com/columnists/walterewilliams/2020/01/01/colleges-dupe-parents-and-taxpayers-n2558704
Post a Comment