Quote:
Originally Posted by TomCollins
You only need it because it's an artificial requirement and there is nothing better out there. If there was a minor league football system, would you NEED to go to college to play in the NFL?
This is exactly what I'm saying. The value comes from holding a piece of paper.
|
If you could show that just because the requirement is artificial there actually is zero value of going to college you would have a point. Artificial requirement for employment or not there still is value from going, until you prove otherwise.
Quote:
|
Yes, and a ton of blue collar jobs pay more than the jobs that you get with a worthless degree that you could only get with such worthless degrees. And yes, going into business for yourself is useful. But even then you are wrong. I have a friend who has no degree, and is a rising management star at running automotive shops. He's doing quite well for himself and would surely bet on him making at least double the average college graduate out of college is making.
|
Yes and out of all the people I know the ones making the most money are doing so either because of their degree or because of the school they went to. None of these anecdotal evidence points proves either side of the argument.
Quote:
|
And tons of degrees are not even worth that.
|
You're going to have to back this up.
Quote:
|
You can think that, but statistics show otherwise. Again, you are ignoring selection bias yet again for your statistics. Yay postgrad education, where you can waste even more time and get even further in debt!
|
You keep questioning my statistics yet showing no statistics yourself. When it comes to postgrad education I can again point to the earnings difference of those with a masters or professional degree or better and again you are going to say those degrees are actually worthless the only reason those people make more is because they are actually smarter the degree has nothing to do with anything. You don't have to be necessarily wrong unfortunately just by proving a selection bias could exist with my data doesn't prove that you're right. There's a lot more evidence that shows that a college degree is worth the marginal increase in earnings that is required to make it worth it. Until you start showing stats that indicate otherwise that is.
Quote:
|
It's a significant number. And even though the market thinks that having a degree is worthwhile now doesn't mean they always will. The degree is as you stated a signal, that a person is dedicated enough to stick with something for 4 years and at least hard working enough to meet those requirements. And not having a degree is a signal the other way, that you are way more likely to be unmotivated or lazy. Which is why employers can easily weed people out that way. The jobs do not per se require a degree (discounting tech/math/science type jobs), but it's much harder for an employer to find someone without a degree that is worth hiring, so it's an easy way to weed people out. Once that is no longer true, that signaling value disappears (or lessens). Once intelligent good workers stop going to college, then employers can no longer just assume you are better than them by much. And that's where your degree drops in value.
|
You think the market is going to start valuing a degree less and less and all the studies I've seen show that more and more jobs are going to be requiring degrees, no doubt for that signaling value. Who's right?
As far as it being a "significant number", IIRC only a quarter of the current college students go to private schools, and I'll bet its only a small portion of those students that get liberal arts degrees. How significant is that?