September 27, 2012
HIGHER EDUCATION BUBBLE UPDATE: How Liberal Arts Colleges Are Failing America.
When are Americans going to wake up and realize that the 60s and 70s-era nostalgia for the “value” of a college degree is just that — nostalgia?
A degree does not guarantee you or your children a good job anymore. In fact, it doesn’t guarantee you a job: last year, 1 out of 2 bachelor’s degree holders under 25 were jobless or unemployed. Since the recession, we’ve lost millions of high- and mid-wage jobs — and replaced a handful of those with lower-wage ones. No wonder some young people are giving up entirely — a 16.8 percent unemployment rate plus soaring student loan debt is more than a little discouraging. Yet old-guard academic leaders are still clinging to the status quo — and loudly insisting that a four-year liberal arts degree is a worthy investment in every young American’s future. . . .
Really? In 2012, it’s the “tangible value” of four years of liberal arts that should be called into question.
Read the whole thing. It’s not like people haven’t been warned.