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CATHERINE RAMPELL The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job. Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the firm hires only people with a bachelor’s degree, even for jobs that do [...] Shelling out tens or even hundreds of thousands of dollars for higher education may no longer be the surefire path to a great career that it used to be. A recent report compiled by the education resource group OnlineColleges.net found that more than 300,000 Americans with either Master’s degrees or Ph.D.s were receiving food stamps in 2010 — and many more are likely on some form of government assistance today [...] President Obama’s deputy campaign manager, Stephanie Cutter, admitted at a Harvard Kennedy School of Government event in Massachusetts that “The economy, you know, will continue to be a challenge.” “I have to say also there are also disadvantages to being an incumbent,” says Cutter. “The economy, you know, will continue to be a challenge as we continue to fight out this race over the next six months.” Source: TWS As a student who is currently attending a university, I would like to give my thoughts and opinions on this issue. I believe that many students currently receiving post-secondary education should not be receiving this education for various reasons. Throughout the school year I often hear people talking about their grades, where they believe that they can just party and be fine after graduation as long as they recieve a 2.5 [...] From Carpe Diem: … “This is a simple case of inflation: When you artificially pump up the supply of something (whether it’s currency or diplomas), the value drops. The reason why a bachelor’s degree on its own no longer conveys intelligence and capability is that the government decided that as many people as possible should have bachelor’s degrees. There’s something of a pattern here. The government decides to try to increase the [...] Here are just some of the sobering facts: – There are 8.5 million people receiving unemployment insurance and over 40 million receiving food stamps. – At the current pace of job creation, the economy won’t return to full employment until 2018. – Middle-income jobs are disappearing from the economy. The share of middle-income jobs in the United States has fallen from 52% in 1980 to 42% in 2010. – Middle-income jobs have [...] |
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