4 ms·

Most degrees add little value compared to their current cost. What are your definitions for "most degrees", "value", and "cost"?

all_blue_chucks 7y ago
We are talking about dollars here. Cost to get a degree vs. premium degree holders command for their labor.
- deleted 7y ago
  [deleted]
- WalterGR 7y ago
  Is it true that for >50% of degrees, the cost of getting the degree exceeds the lifetime pay increase of having it? Is there a citation for that?
  - all_blue_chucks 7y ago
    Why would anyone else have to provide a citation for your own claim?
    - WalterGR 7y ago
      Sorry, I'm not sure what step I messed up on? 0. "Most degrees add little value compared to their current cost. We are talking about dollars here. Cost to get a degree vs. premium degree holders command for their labor." (initial text) 1. Most degrees add little [premium degree holders command for their labor] compared to their current cost. (textual substitution) 2. Most degrees add little premium degree holders command for their labor compared to [cost to get a degree]. (textual substitution) 3. Most degrees add little premium [that] degree holders command for their labor compared to [the] cost to get a degree. (add connecting words) 4. Most degrees add little premium that degree holders command for their labor compared to the cost to get [that] degree. (clarify "a degree") 5. [>50% of] degrees add little premium that degree holders command for their labor compared to the cost to get that degree. (definition)
      - all_blue_chucks 7y ago
        > the cost of getting the degree exceeds the lifetime pay increase of having it Your words; not mine.
  - musicale 7y ago
    "After adjusting for inflation and the time value of money, the net cost of college is negative $500,000, roughly double what it was three decades ago." https://www.nytimes.com/2014/05/27/upshot/is-college-worth-it-clearly-new-data-say.html https://www.nytimes.com/2014/05/27/upshot/is-college-worth-i... This is a reference for college being a net win to the tune of $500K. The interesting bit is that it's largely because the wages of high school graduates have greatly eroded.
    - musicale 7y ago
      "Men with bachelor's degrees earn approximately $900,000 more in median lifetime earnings than high school graduates. Women with bachelor's degrees earn $630,000 more." https://www.ssa.gov/policy/docs/research-summaries/education-earnings.html https://www.ssa.gov/policy/docs/research-summaries/education...
    - all_blue_chucks 7y ago
      Of course medicine, law, and engineering degree holders earn a lot more. But all you have there is an average. Even then, it's an average that ignores opportunity cost.

all_blue_chucks 7y ago

We are talking about dollars here. Cost to get a degree vs. premium degree holders command for their labor.

deleted 7y ago
[deleted]
WalterGR 7y ago
Is it true that for >50% of degrees, the cost of getting the degree exceeds the lifetime pay increase of having it? Is there a citation for that?
- all_blue_chucks 7y ago
  Why would anyone else have to provide a citation for your own claim?
  - WalterGR 7y ago
    Sorry, I'm not sure what step I messed up on? 0. "Most degrees add little value compared to their current cost. We are talking about dollars here. Cost to get a degree vs. premium degree holders command for their labor." (initial text) 1. Most degrees add little [premium degree holders command for their labor] compared to their current cost. (textual substitution) 2. Most degrees add little premium degree holders command for their labor compared to [cost to get a degree]. (textual substitution) 3. Most degrees add little premium [that] degree holders command for their labor compared to [the] cost to get a degree. (add connecting words) 4. Most degrees add little premium that degree holders command for their labor compared to the cost to get [that] degree. (clarify "a degree") 5. [>50% of] degrees add little premium that degree holders command for their labor compared to the cost to get that degree. (definition)
    - all_blue_chucks 7y ago
      > the cost of getting the degree exceeds the lifetime pay increase of having it Your words; not mine.
- musicale 7y ago
  "After adjusting for inflation and the time value of money, the net cost of college is negative $500,000, roughly double what it was three decades ago." https://www.nytimes.com/2014/05/27/upshot/is-college-worth-it-clearly-new-data-say.html https://www.nytimes.com/2014/05/27/upshot/is-college-worth-i... This is a reference for college being a net win to the tune of $500K. The interesting bit is that it's largely because the wages of high school graduates have greatly eroded.
  - musicale 7y ago
    "Men with bachelor's degrees earn approximately $900,000 more in median lifetime earnings than high school graduates. Women with bachelor's degrees earn $630,000 more." https://www.ssa.gov/policy/docs/research-summaries/education-earnings.html https://www.ssa.gov/policy/docs/research-summaries/education...
  - all_blue_chucks 7y ago
    Of course medicine, law, and engineering degree holders earn a lot more. But all you have there is an average. Even then, it's an average that ignores opportunity cost.