How do we best line-up expectations with aspirations, training with available jobs, and credentials with marketable skills? Technology and global competition are forcing change rapidly, and Rowe pushes against the oversold idea that everyone should go to college (and many are going into non-dischargable debt to do so, driving-up prices rapidly).
A four-year degree is still worth the investment for many people, and higher annual incomes don’t lie, but there are many escalators leading out of four-year degree programs straight into unrelated cubicle-work, or back to Mom and Dad’s couch in this economy. Buyer beware.
This blog holds out hope that a reasonable equality-of-opportunity approach can be maintained out of the mess of grade-inflation, watered-down standards, and the kind of competitive meritocracy that has come about. I suspect the rise of helicopter-parenting and over-monitored kids has a lot to do with fewer perceived opportunities and more intense competition for those opportunities.
Any thoughts and comments are welcome.
Related On This Site: Should you get a college degree?: Gene Expression On Charles Murray: Does College Really Pay Off?…Charles Murray In The New Criterion: The Age Of Educational Romanticism…
Analagous to old media? What to change and what to keep: From The Arnoldian Project: ‘Architecture, Campus, And Learning To Become’
Two Americas forming?: Virginia Postrel At Bloomberg: ‘How The Elites Built America’s Economic Wall’
The libertarian angle, getting smart, ambitious people off of the degree treadmill: From The American Interest: Francis Fukuyama Interviews Peter Thiel-’A Conversation With Peter Thiel’ I think it’s going too far, trying to apply libertarian economics onto education, but Milton Friedman on Education is thought-provoking.