College Degrees: The "New" High School Diploma

[celtic_crippler]

Article: http://www.nytimes.com/2013/02/20/b...d-by-increasing-number-of-companies.html?_r=0

Another sad reflection of the reality of our current economy... It now takes a BA to find a $10/hr job. And that's not enough to pay off that student loan either.

Economists have referred to this phenomenon as “degree inflation,” and it has been steadily infiltrating America’s job market. Across industries and geographic areas, many other jobs that didn’t used to require a diploma...

This up-credentialing is pushing the less educated even further down the food chain, and it helps explain why the unemployment rate for workers with no more than a high school diploma is more than twice that for workers with a bachelor’s degree.

“When you get 800 résumés for every job ad, you need to weed them out somehow,” said Suzanne Manzagol, executive recruiter at Cardinal Recruiting Group.

Wonder how long before the "Stuent Loan Bubble" bursts the way the Housing Market Bubble did and how serious an impact that will have on our floundering economy?

 

[Makalakumu]

Here is a great documentary that people should watch on this topic. I don't agree with everything here, but the economic analysis of the higher education industry is spot on.

By the way, the Student Loan Bubble is actually the American Dream Bubble. When this one pops, it's really going to hurt, because so many people have banked everything on this option...

 

[James Kovacich]

Article: http://www.nytimes.com/2013/02/20/b...d-by-increasing-number-of-companies.html?_r=0

Another sad reflection of the reality of our current economy... It now takes a BA to find a $10/hr job. And that's not enough to pay off that student loan either.



Wonder how long before the "Stuent Loan Bubble" bursts the way the Housing Market Bubble did and how serious an impact that will have on our floundering economy?

A 4 year degree has been the minimum here in Silicon Valley for about a decade already. My pay has been backwards for some time now.