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> It took just a few moments to find out if $30K is actually fair and progressive. This is a false comparison. 30k is average DEBT they have-not the total cost
by ntsplnkv2 10y ago
> It took just a few moments to find out if $30K is actually fair and progressive.
This is a false comparison. 30k is average DEBT they have-not the total cost of college education. Add many more tens of thousands-just so a company can take a little less risk, according to OP.
The reason we have subsidies is because businesses now want a degree, for no good reason, as evidenced by the OP. Because more people, who can't afford it, need college degrees, the government stepped in to provide that, with loans, which they make money on, and grants, which they hope to be paid for by future taxes. That doesn't account for all of the growth in tuition prices, rather, the demand does. Demand has skyrocketed because college grads make more. Since demand has skyrocketed, the supply of college grads has substantially increased-commoditizing the college degree, which benefits businesses because now they can pay less for a college grad. That's the bottom line.
The problem is more nuanced than just cost and salary. The fact is to make good salary college wasn't necessary decades ago. Now it is. So before what you got for free, now costs tens of thousands of dollars. How that is "progressive" is foreign to me.
- merpnderp 10y agoFunny, I just realized my error and came here to correct it and saw you'd already done it. Hah, thanks. And I sympathize with the point about jobs paying more in the past without a degree, but I believe that the premise of the article is also wrong - that college degree confer no benefit to the company other than proving individuals can grind through boring tasks. Although to be fair, I got a CS/Math degree in 2.5 years, and I don't know that I've held a job where I couldn't have learned most of the programming required in a few months on the job. And I've never needed a lick of the math I so painfully learned. So maybe jobs actually requiring degrees are fewer and farer between than I realized.