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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.'"

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  1. Technical schools? by joeflies · · Score: 5, Interesting

    Where are these technical schools that the economists refer to?

    The simple fact of the matter is that after decades of short sighted budget cuts, the US education system is geared for college prep, whether you want to go or not. The vocational classes have been slowly cut out of the system, usually perceived as expendable programs. School administrators realized long ago that they can't improve the ranking of their school by having the best automotive class - the only thing that counts is English & Math scores, so why bother fund anything else?

    In other countries, you make a choice on whether you choose to learn a trade or go to college, and then spend your high school years towards that goal. The repercussion for the US system is that students who are interested in a trade aren't being educated towards their dreams, and spend their time in school either frustrated or years behind.

    The whole concept of "No Child Left Behind" only works when there is an unlimited budget, and it presses everyone to a standardized education that may not actually help serve them towards what they really want to do in life. Instead of trying to get every child the same cookie cutter education, we'd be far better off giving more specialized education (whether it's vocational or college prep) by the high school level, help them take advantage of the skills they have, remove the blue collar stigma of trade work, and stop trying to make every kid be a perfect college graduate that the state wants them to be.

  2. Necessity of a 4-year degree by Bicx · · Score: 4, Interesting

    I got a job as a software developer at a large Fortune 500 company about a year ago. It's more or less a financial institution, but the need for software developers is high. In this company, developers are treated more like business partners rather than IT grunts, and that's mostly due to the fact that we are so influential in determining how the business is run. Even though we primarily develop software, we have to know the business in and out in order to function.

    With that said, I have a 4-year degree in Computer Science. Having the degree was definitely key to getting a job in my case, since I was a raw graduate when they hired me. However, I've learned that experience in the field is by far the preferred rating factor. There are guys on my team working along side me who have 4-year degrees in Business Management and even English, but they happened to gain some (5+ years) programming experience somewhere along the way. There's also a new guy who got his 2-year degree from a local community college. That's okay, but his real selling point was the amount of experience he had, which he gained while I was finishing up the other half of my education.

    In a way, this annoys me, because I'd really like to think that my degree choice sets me apart from people who made different choices. I guess if I chose to work for an actual software business or found a job that utilized more advanced CS techniques, I might have the upper hand. However, in the real world where software usually plays a support role, I have to come to terms with my place in the business world. In another respect, the possibility of gaining experience in another field and being able to potentially change career paths without getting a new degree (within reason) is a rather freeing thought.

  3. Re:Why not high school? by thepike · · Score: 4, Interesting

    There really isn't much use for a bachelors in many fields except to please hiring managers who think you must be pig ignorant and stupid if you don't have one.

    I think that's half the problem. People get passed over for jobs they are qualified for just because hr departments throw out all the applicants who don't have a degree, even in an unrelated field. It makes it so that these people do essentially 'have to' go to college to get jobs, even though they'll get all the training they need on the job.

    Personally (as a person working on a PhD in science) I don't think a lot of people need to be going to college. I grew up in a car town, and a lot of my friends knew they were going to be doing manufacturing, but they went to college anyway. A bunch of them (well some, manufacturing jobs aren't so plentiful these days) did just go on to work in the plants, but they racked up huge debt that is just stopping them from being able to do things like afford a nice place to live. And they didn't get much out of college except alcohol tolerance. No joke, I know one guy who took out an $8,000 student loan basically to spend at bars. Now he has a degree in something or another, but spends his days inserting tab a into slot b so that he can pay off that debt. If he had just gone to work in the first place, he'd be doing the same job and have more money. And he could still go to bars.

    The whole education system upsets me. I think we're failing in so many places it's hard to figure out where to start trying to fix it. I'm not saying you can't get anything out of it, but that comes much more from personal motivation than any basic qualities of the set up.

  4. Blame the employers, not the students... by ciggieposeur · · Score: 4, Interesting

    Employers started raising the bar on a living wage a long time ago. From "high school diploma" to "some college" and now "four year degree" are bare minimums just to get the resume past HR into the manager's hands. Hell, we just hired people with four year degrees into operator apprentice slots. I know a professional welder working on a BA on the side just so that he can't be fired for NOT having a degree.

    And all that debt, gee employers really LOVE them some college debt. They know their new hires won't be striking out on their own to compete with them anytime soon. Same logic for why Silicon Valley corps love them their H1-Bs.

    You want two-year schools to come back, find some freaking employers willing to hire the graduates.

  5. Re:Democracy needs smart people by MBGMorden · · Score: 5, Interesting

    that Jesus will return within their lifetimes (which fosters a lack of work ethic, since they think God is coming to take away their problems soon)

    That certainly sounds familiar. Growing up in the Bible Belt (and before anyone accuses me of not being familiar with religion - I went to church nearly every Sunday from birth to the age of 18. In that span I may have missed a dozen services tops), I heard "I choose to store my treasures in Heaven rather than on Earth." until I was sick. It fostered an attitude that they shouldn't even bother worrying about life now because this is just a blip.

    And our preacher was absolutely convinced that rather than being about research, NASA's space program was REALLY them trying to find an alternate way into Heaven so that they could avoid "serving da Lord".

    Overall though, yes, my story largely mimics your own.

    --
    "People who think they know everything are very annoying to those of us who do."-Mark Twain
  6. Re:Ok, but by rutledjw · · Score: 4, Interesting

    The article is of dubious value, but you have some interesting points. I don't think we suffer from an "Overabundance of qualified, educated people". I'm risking getting blasted here, BUT, I think we have an overabundance of mediocre people with a degree. The difference is that we're producing fewer and fewer people with degrees in science and technology fields and more people with degrees which have little direct applicability in the workforce. Further, we're "forcing" people into 4 year programs who have more potential in vocational-type programs.

    And I'm NOT being condescending regarding vocational programs. There's talent, skill, and dedication required for those jobs which I do NOT possess. I am a menace with any kind of carpentry tool and when doing anything an electrician probably should have touched live wires (120v, thankfully) more often than I'd like to remember.

    But I absolutely agree with your point that we're falling behind in the US. We've been content to let other people do the "hard work" and encouraged many of our smartest and most talented people to pursue "quick-and-easy" money in areas like the financial industry to the ultimate detriment of other industries. This is anecdotal to a degree, but as a hiring manager, it was VERY difficult to find people of reasonable intelligence and talent. A friend who's a recruiter runs into similar problems finding programmers in SF for the rates companies are willing to pay. Yes, the bay area is expensive, but the salaries offered were reasonable for what I considered mid-tier and lower-end senior folks. The company was very flexible (including allowing varying degrees of remote work). Still he has a tremendous ongoing challenge to find, and place (before they get snatched) good people

    The bottom line is that we need to encourage people to get education in areas where they can succeed AND which are in demand by the market. If someone wants to get a degree in a field not in demand, that's their business, but I don't think merely "getting a degree" should be the end goal nor encouraged.

    --

    Computer Science is Applied Philosophy
  7. Re:Ok, but by TooMuchToDo · · Score: 4, Interesting
    I completely agree. If you're an employer and demanding a degree for a job, you should be required to contribute to a national education fund. Clearly, you wouldn't want to pay into this fund if you didn't need the employee to have the skill set, so you wouldn't require it if you didn't need it. This fixes the problem of the employer shoving non-essential education costs on employees (inflating the cost of education due to supply/demand, taking money that would've been spent on other things and put into an "education", and so forth).

    I say this as a business owner with no education over a GED (tech solutions consulting firm). My job postings always ask for experience or demonstrated knowledge, never a degree.

  8. Re:Supply and demand by Hatta · · Score: 4, Interesting

    The only thing we have a dearth of is free time. Instead of focusing on making more, lets take the time we would have used to produce excess and enjoy life instead. If we have too many people and not enough work, distribute the work around equitably. We could all work 20 hour weeks if our society weren't so focused on production as the only measure of value.

    --
    Give me Classic Slashdot or give me death!
  9. Re:huh? by An+Onerous+Coward · · Score: 5, Interesting

    Read "The Spirit Level", then get back to me.

    Never mind. You won't. So let me summarize: within the industrialized world, there is almost no correlation between average income and positive social goods like long life, good health, good education, low teen pregnancy rates, and social trust. But there is a strong correlation between income equality and those same goods. Societies with little income inequality (Japan, Norway, France, etc.) do very well, while countries with huge income inequality (U.S., Singapore, etc.) do very poorly. And absolute income does almost nothing to protect a country from those ill effects.

    Do you think that Americans' uniquely high levels of obesity come about because none of the other countries can afford to fill their stomachs? That's absurd. In every industrialized nation, food accounts for a small fraction of the average person's budget. They could eat much, much more if they wanted. No, Americans are obese because an unequal society is a society full of stressors, and food is a natural coping mechanism. The idea of "comfort food" is a reality, proven by numerous studies. Also, stressed out people are more sedentary.

    Let me pose a question, to see just how well your right-wing model of reality is calibrated:

    Take two wealthy, industrialized societies. In society A, the price for not getting a good education is a life of poverty and shame. In society B, there is no reason to fear poverty because the government provides generous welfare benefits.

    In society A, the wealthiest people make ten to twenty times as much as the poorest people do, so the rewards for being ambitious and doing well in school are huge. In society B, the wealthiest members of society only make a few times what the poorest do, so there is little financial incentive to do well in school.

    In society A, polls of high school students show that almost all of them want to attend college. In society B, a large fraction of the students say that they'd be happy with trade school.

    No surprise, society A is the U.S., society B is Finland, and despite what a social darwinist right winger would say are strong disincentives against performing well in school -- no chance at great wealth if you succeed, no risk of poverty if you fail -- Finnish kids outperform American kids by a wide margin (a gap that is even wider for the poorest kids).

    It's almost as though giving kids security about their future and their place in society leads to a more conducive learning environment. But no, that's crazy.

    If it were just a measure of life expectancy, then you might have made a showing with your arguments. But how do you explain why "impoverished" Europe outperforms us in:

    * Life expectancy
    * infant mortality
    * educational outcomes
    * obesity
    * crime rate
    * teen pregnancy
    * measures of social trust
    * measures of life satisfaction
    * homelessness rates
    * the status of women and minorities

    Further, why are differences in income inequality between the fifty states also predictive of their performance on these same benchmarks?

    --

    You want the truthiness? You can't handle the truthiness!