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The Education Bubble…Minus the Education

Submitted by on October 13, 2009 – 5:53 pmNo Comment

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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