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I agree with that assertion: that universities are making up marketing BS and hurting people. As a gateway to a high-paying job, a University degree is (in man
by Pokepokalypse 5y ago
I agree with that assertion: that universities are making up marketing BS and hurting people.
As a gateway to a high-paying job, a University degree is (in many cases: NOT ALL), more of a signal that the candidate is white, upper-middle or higher class, likely to not have a criminal record, likely to not have problems with mental illness (never mind substance abuse), and that's mainly what they're looking for, and why that gateway became such a high-demand commodity that it commanded a price that is often as much as buying a house. (easy access to student loans also probably played a role).
I say this as a person who thinks that every American should have an opportunity to go to college and get appropriate training for the career of their choice (as long as they otherwise meet qualifications). I think it should be "free" (and I think that business should pay into a tax-pool to fund the training of their workforce).
But I think that universities should ABSOLUTELY be tied down in how much they can charge for degrees, based on the actual economic value of that degree. If they train 100,000 underwater basketweavers, who make on average $15000/yr, then they sure as hell should not charge $100,000 for that degree, and they shouldn't be allowed to.
This market is horribly broken, and I don't think that it is presently workable without some much stronger government intervention. Otherwise, no player in this game has any incentive to change what it's doing. Since the government has a stake in having a viable and productive national labor-force, it's literally a matter of national security that this resource receive appropriate investment.
The alternative is to continue our downward spiral.
Also, there's this:
https://ncses.nsf.gov/indicators https://ncses.nsf.gov/indicators
- nightski 5y agoIt's government intervention that caused this situation in the first place.
- native_samples 5y agoThe best way to align supply with demand would be to eliminate the government intervention. It's government subsidies dished out in defiance of actual market demand that allows so people students to study underwater basket weaving simply because they find it interesting. If students had to rely on (normal) bank loans or corporate sponsorship that problem would dry up really fast.