Monday, August 16, 2021

More students chasing graduate degrees in the U.S. isn't good for society

Very recommendable! If I am not totally mistaken, then similar trends are observable in other Western countries.

"... But for American society as a whole, this hyper-credentialism is a slow-motion disaster, with the biggest losers at the bottom of the labor market. Many jobs that used to be available to high school grads only a decade or two ago now demand at least a four-year degree, bringing more despair in working-class communities and more polarization in the country. According to The Wall Street Journal, more than 40 percent of manufacturing workers now have a college degree, up from 22 percent in 1991. ...
Meanwhile, employers, universities and students seem to have convinced themselves that credentials are a proxy for skills. ...
... federal funding for public colleges and universities was $385 billion in 2017–18, compared with $14 billion for employment services and training ..."

More students chasing graduate degrees isn't good for society

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