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It's a supply and demand problem. We've inflated the supply of college graduates, so when a company decides to hire someone, they choose the person with a col
by um_ya 7y ago
It's a supply and demand problem.
We've inflated the supply of college graduates, so when a company decides to hire someone, they choose the person with a college degree over someone without.
To fix this problem, you would need to stop the supply of overqualified people. You can do this by having more jobs, or by getting rid of the government guaranteed student loans.
- JasonFruit 7y agoOr you could teach the people about the hardships that come from accepting government-guaranteed loans to purchase an education that does not ensure income proportional to the size of the loan. But, yes, definitely get rid of the government meddling in student loans that has warped the market for education.
- fzeroracer 7y agoGenerally speaking, cutting off educational opportunities for people that desperately need them is probably a bad idea. Even if you did get rid of government guaranteed loans, companies would happily step in to grant people guaranteed loans in exchange for servitude over the rest of their lives. If they don't find a well-earning job well that's even better. There were multiple non-government loan options back when I was in college that were just that.
- BlueTemplar 7y agoAs a reminder, high education in Europe is basically free (well, as compared to the US, I've met a few low-middle class people whose parents refused to help them pay the remaining costs involved).
- rhexs 7y agoFree for all students universally, or free for students who score well on tests with good grades?
- BlueTemplar 7y agoWell, this depends a lot on the country. University obviously requires some minimum level - for instance you'll have to learn to read/write before you're accepted. The best students often get bigger grants than others.