The Education Bubble…Minus the Education
A lot of people in the US go to college. The
rapid growth in demand for higher education has made tuition expenses sky-rocket to almost absurd
levels (at private institutions). The strange part about all this growth is that many (most?)
college graduates take jobs that do not truly require tertiary education. Many of the jobs graduates
get are very intellectually watered down and quasi-clerical. They do not (and, historically did not)
require four years of higher education. Economists now are talking about an “Education Bubble,”
where the industry has gotten too large to sustain itself and collapses sharply.
But is it
really an education bubble? Is the problem that we have too many nuclear physicists out
there, becoming mailmen? Many college graduates exit college as experts in nothing; that is, they
were not educated. But what are the students doing there then? Mostly nothing.
Much of the modern college experience has been boiled down to occasional busy work and
style=”text-decoration: line-through;”>partying copious amounts of celebrating. This is not
an “education” bubble because it has very little to do with formal education. It has more to do with
an unsupportable amount of institutions that have become “diploma mills” and sleep-away camps.
Remember, bubble= thing with inflated value…I don’t think the “inflated value” of an education is
what concerns me here……….
src=”http://www.razornomics.com/wp-content/uploads/2009/10/Bubbles_by_John_Everett_Millais.jpg”
alt=”….POP!” width=”337″ height=”475″ />
....POP!

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