Slashdot Mirror
Too Many College Graduates?
The AP reports on a growing sense among policy wonks that too many Americans are going to four-year colleges, to the detriment of society as a whole: "The more money states spend on higher education, the less the economy grows." "The notion that a four-year degree is essential for real success is being challenged by a growing number of economists, policy analysts, and academics. They say more Americans should consider other options, such as technical training or two-year schools, which have been embraced in Europe for decades. As evidence, experts cite rising student debt, stagnant graduation rates, and a struggling job market flooded with overqualified degree-holders. ... The average student debt load in 2008 was $23,200 — a nearly $5,000 increase over five years. Two-thirds of students graduating from four-year schools owe money on student loans. ... [A university economist said,] 'If people want to go out and get a master's degree in history and then cut down trees for a living, that's fine. But I don't think the public should be subsidizing it.'"
No I didn't read the article, but my impressions from the summary is just socialist thinking. To reference Europe as a model for America is silly. The problem is not too many graduates, it is too much socialism being perpetuated upon American society. If those in govt. stood back and stopped interfering in free market capitalism then the market would take care of the issue. It might not fix things overnight, but it would ALWAYS fix such things in the long run.