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Overall, people with a college education earn way more than someone without one, at least up to now. Sadly, colleges are making degrees available to peopl that imo are worthless, and the people will struggle for a very long time to pay them back.
don't know why you're saying i'm wrong, it sounds like we're in complete agreement.
one generation ago, a college degree was much more valuable than today. there are a million reasons for that. some large ones:
- college enrollment rates way up. one generation ago, less than 50%. today, 70%. people didn't get any smarter. colleges are making an immoral money grab and enrolling an extra 20% of people who should not be there. they are selling them to the salt mines. that debt is no joke when you're out of college and earning $20/hr (if you're lucky to find a $20/hr job).
the dummies who shouldn't have been in college in the first place will probably not take full advantage of it and won't even find that entry level $20/hr job. most of them will get the same crap job they would have gotten out of high school anyway, and will just be 4 years behind.
- cost of college has tripled. one generation ago college loans were a new concept. "working your way through college" used to be a thing.
now,
70% of college graduates leave school with some form of debt.
while the cost of college skyrockets, the average salary of college graduates is has been stagnant.
they are not getting their money's worth.
And like you said, Bdywax, the useless degrees are another immoral money grab. Completely separate from my opinion of the value or morality of the actual classes, people who are majoring in things like gender studies or social justice are being criminally overcharged. Every single thing these people are "learning" can be learned for free online. No need to go into massive debt to rot your brain.
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What kind of college degree do you have?
I did my parents a huge favor and dropped out my junior year. My major was organizational communication. I dropped out because all I wanted to do was play poker all day, not because I got bad grades.
My sister finished her degree from the same expensive university that I went to, got a graduate degree, and has never, not for a single day, earned more money than me. and i've worked plenty of crap jobs.
graduating college means nothing. your result depends on your individual ability and skills after college.
these people who are being sold to the salt mines are under the illusion that they will leave college and their piece of paper will entitle them to a job that they like, that also pays $50k/yr + a Cadillac insurance plan. it's not the kids' fault. they've been sold a false bill of goods.
if a person can comfortably afford to put their children through college, it gives those children basically the ultimate advantage. you can't get a better head start than being a debt-free college graduate.
but putting somebody 50k+ in debt and sending them off with a degree in fashion design or gender studies is, in my opinion, a form of predatory exploitation by the universities.