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Old 12-18-2011, 10:53 PM   #121
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Re: Debating the value of a college education

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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.
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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.
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And tons of degrees are not even worth that.
You're going to have to back this up.
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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.
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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?

Last edited by Semtex; 12-18-2011 at 11:06 PM.
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Old 12-18-2011, 11:41 PM   #122
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Re: Debating the value of a college education

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Depends on the position, of course. Do you think the act of going to college classes makes college football athletes smart enough to play in the NFL?
College is the minor leagues for football. Defensive players(other than pass rushers) need the schooling. A few of the offensive standouts probably only need two years. The offensive line needs the schooling to block as a unit.
In basketball many superstars can play the NBA straight out of high school. In baseball there's a minor league.
College is a training ground for football players. They may not need their other college classes for football. Going to college is like having a mentor for poker.
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Old 12-18-2011, 11:47 PM   #123
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Re: Debating the value of a college education

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You keep questioning my statistics yet showing no statistics yourself.
I can't find a single link provided by you for any of your stats. Did you just make those stats up yourself?
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Old 12-19-2011, 12:02 AM   #124
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Re: Debating the value of a college education

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I can't find a single link provided by you for any of your stats. Did you just make those stats up yourself?
My stats are the earnings difference between those with a college degree vs those without.
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Old 12-19-2011, 01:59 AM   #125
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Re: Debating the value of a college education

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College is the minor leagues for football. Defensive players(other than pass rushers) need the schooling. A few of the offensive standouts probably only need two years. The offensive line needs the schooling to block as a unit.
In basketball many superstars can play the NBA straight out of high school. In baseball there's a minor league.
College is a training ground for football players. They may not need their other college classes for football. Going to college is like having a mentor for poker.
College classes have nothing to do with football players growth as football players. The NCAA has basically been coopted by the NFL to be their minor league while coaches and administrators make millions. That's why there is no minor league for the NFL.
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Old 12-19-2011, 09:42 AM   #126
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Re: Debating the value of a college education

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My stats are the earnings difference between those with a college degree vs those without.
You still have not provided a link. Few doubt that baby boomers benefited from having a college degree. We are doubting the value of the current college degrees. And there wont be any stats to resolve this debate for at least 30 years.
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Old 12-19-2011, 09:55 AM   #127
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Re: Debating the value of a college education

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My stats are the earnings difference between those with a college degree vs those without.
And of course, you're totally ignoring one of the most important pieces of data in this discussion.
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Old 12-19-2011, 09:58 AM   #128
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Re: Debating the value of a college education

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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?
You're doing it here, too.

The "value" of a degree doesn't have to be dropping for you to be wrong. The fact that you don't understand this is yet is what everyone is LOLing at you about.
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Old 12-19-2011, 11:04 AM   #129
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Re: Debating the value of a college education

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You still have not provided a link. Few doubt that baby boomers benefited from having a college degree. We are doubting the value of the current college degrees. And there wont be any stats to resolve this debate for at least 30 years.
Just go to BLS. IIRC the current gap between those with just a bachelors and those with just high school is around $10k/yr, making any degree more than worth it. A masters or professional degree increases that gap markedly obv.

And the current value, if you're talking about expected earnings, is tied pretty heavily to the state of the economy which means stats 30 years from now could tell a completely different story.

Last edited by Semtex; 12-19-2011 at 11:12 AM.
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Old 12-19-2011, 11:07 AM   #130
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Re: Debating the value of a college education

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And of course, you're totally ignoring one of the most important pieces of data in this discussion.
Which is?

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Originally Posted by pvn View Post
You're doing it here, too.

The "value" of a degree doesn't have to be dropping for you to be wrong. The fact that you don't understand this is yet is what everyone is LOLing at you about.
I believe what you're arguing (again you never really say what you're arguing) is that even if the value of a degree is not dropping the cost of education has gone so high that it has outrun the expected return. Still haven't seen evidence of this being true.
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Old 12-19-2011, 11:20 AM   #131
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Re: Debating the value of a college education

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Originally Posted by Semtex View Post
Which is?


I believe what you're arguing (again you never really say what you're arguing) is that even if the value of a degree is not dropping the cost of education has gone so high that it has outrun the expected return. Still haven't seen evidence of this being true.
It's amazing you can say "Which is?" to the first part and then in your next sentence ANSWER YOUR OWN QUESTION.

The stages of a semtex argument:

1) ignore price, only look at value
2) oh what about price?
3) but nahhhh, I'm just going to pretend prices don't matter.

Brilliant
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Old 12-19-2011, 11:31 AM   #132
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Re: Debating the value of a college education

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It's amazing you can say "Which is?" to the first part and then in your next sentence ANSWER YOUR OWN QUESTION.

The stages of a semtex argument:

1) ignore price, only look at value
2) oh what about price?
3) but nahhhh, I'm just going to pretend prices don't matter.

Brilliant
Like I posted before, 3/4 of current college students go to public school, which costs on average $8k/yr for in state and $12k/yr for out of state. Private school is $28k/yr on average. Average grant package for all students is $6k/yr.

Prove that these costs, on average, have outpaced the average return on the investment

EDIT and please factor in all additional costs as you see fit cause i'm pretty sure bringing that up is going to be your next method of avoiding doing any work to back up your claim

Last edited by Semtex; 12-19-2011 at 11:44 AM.
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Old 12-19-2011, 11:55 AM   #133
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Re: Debating the value of a college education

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your next method of avoiding doing any work to back up your claim
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Old 12-19-2011, 01:17 PM   #134
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Re: Debating the value of a college education

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Originally Posted by jogsxyz View Post
College is the minor leagues for football. Defensive players(other than pass rushers) need the schooling. A few of the offensive standouts probably only need two years. The offensive line needs the schooling to block as a unit.
In basketball many superstars can play the NBA straight out of high school. In baseball there's a minor league.
College is a training ground for football players. They may not need their other college classes for football. Going to college is like having a mentor for poker.
So are you agreeing or disagreeing that the value for playing in college for an athlete (assuming he can go pro) is almost entirely from practicing with the team and not taking Accounting classes?
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Old 12-19-2011, 01:44 PM   #135
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Re: Debating the value of a college education

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Originally Posted by Semtex View Post
Which is?


I believe what you're arguing (again you never really say what you're arguing) is that even if the value of a degree is not dropping the cost of education has gone so high that it has outrun the expected return. Still haven't seen evidence of this being true.
What PVN is leaving out is the marketability of a college degree over someone not having one. Meaning, even though a degree may not be marketable in the field that was studied, many will likely hire someone with 'any' degree over someone without. I think the comparison of UE rates between HS(or less) grads v college grads shows this as HS UE rate is quite a bit higher. Where does that leave the person who doesn't have a degree as the middle class erodes more and more while people with degrees keep taking jobs normally done by HS(or less) graduates? Is being in debt, but working really that much worse than only being able to find a low wage job(if any) with virtually no social mobility?

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