>> If everyone has a bachelor's degree, how is everyone going to command a premium income? Then it becomes a starting point, not an end point. Most businesses,

>> If everyone has a bachelor's degree, how is everyone going to command a premium income? Then it becomes a starting point, not an end point. Most businesses, when faced with a deluge of BA's, will start to look for people with master degrees. Same thing if they have a highly sought after position and get a deluge of people with masters, then they look for PhD candidates. This becomes an issue when you have a BA in a field where a majority of people have master degrees. I had several roommates who were engineering and CS graduates. At the time, the economy was shit (early 2000's) and they went back for their masters. Most said it was because when the economy finally bounced back, they would have a leg up on the people they were competing with. The only problem they found was as the economy recovered, they had more opportunities with a masters degree, but many were hired at the salary level of an entry level engineer.