Sam @CUSP Conference 2015

Thursday, July 17, 2008

The Value of a Degree is Depreciating

The value of a college degree is depreciating. Check out this article from the Wallstreet Journal. This is quite depressing for a college grad, I must say...

http://online.wsj.com/article/SB121623686919059307.html?mod=yhoofront

1 comment:

Anonymous said...

This article makes no sense.

First, who has ever stated that a degree is a guarantee of a high paying job? It wasn't when I graduated. It was a requirement to entry. After entry, it's in your hands.

Two, the alternative would be no degree. The article itself states that there is a 75% premium to a high school education and that this has increased since 1979. How is that depreciation?

Third, employers are looking for specialized skills, blah, blah, blah. What does that have to do with value of degree which primarily impacts entry level positions? So entrants weren't getting those jobs anyway.

Lastly, my degree got a me an entry level position starting in the low $30Ks, which wasn't impressive even when I graduated. But, others made much more AND much less. It wasn't until I worked and got specialized skills that I changed that. But, when has that not been the case?

--KJH