4 ms·

Funny how being credentialed by a proper institution (using this phrase because it is more precise than just "education") is as important as ever for achieving

• JMTQp8lwXL 7y ago
  Both can be true simultaneously, if you expand the concepts. Nobody will disagree that attending an Ivy provides some prestige and social standing. Of the universities imploding, most are smaller liberal arts colleges that can't withstand changing demographics (less college students). College is indeed a waste of money if you don't complete your degree program: you get none of the benefits in the job market, with all the debt you took on-- the worst of both worlds.
• randomdata 7y ago
  The problem is that a certain social standing is only attainable by a limited number of people. While college may be necessary to get to that social standing, not everyone will be able to get there, even if they go to college. If your only reason for going to college is to try and attain that certain social standing, and you fall short, then it truly was a waste of money (and, more importantly, time). Colleges do have a struggle to convince those people of their relevance. A similar phenomena has been seen in incomes. Incomes have held stagnant for decades, even as more and more of the population have become credentialed. Maybe a degree is necessary to reach the top 1%, but those who fall short of that goal are no better off than people were in the past, when they didn't go to college.