Monday, February 27, 2023

Should Everyone Go To College?

 Apparently not, if we look at the new trends:

College attendance and university degrees have long been defended on the basis of higher earnings prospects. But what was a great deal in the 1950s and 1960s, and still made some degree of sense in the 1970s, 1980s, and 1990s. But for the average college student in the United States, a university degree can no longer be justified on economic grounds...

While average degree-holder wages are still higher, the wage comparisons are meaningless when they fail to take into account a) the cost of college debt and debt service as well as b) the opportunity cost of not working for five years.

Read the whole post at VD 

College degree still functions as a class marker though.

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