Comment Re:College education is still worth it (Score 1) 74
It's worth *something*, but the price has been outpacing inflation by a wide margin for years and years.
So we have value, but the price has been running away...
This is my thought. Being somewhat pedantic I feel like oversold is not quite right as there is still value in what they are selling, but they are going overboard on the costs to provide the degree. Many local/State colleges are still more than worthwhile.
If I were to hazard a guess, I'll note that in my place of employment for the past 30 plus years, there were groups like HR that would employ some of the more esoteric Liberal art majors, degreed people.
Today, there are perhaps more candidates than positions, and yes, some majors are considered a bit toxic.
We have created this problem by making available loans that allowed people who perhaps didn't have much business being in college to spend 4 years or more of their life living and going to school and having "the college experience", then, to borrow a phrase, having the "Surprised Pikachu Face" when reality hit that they were going to have to obtain employment and actually pay off that loan. Some have debts amounting to a modest house's value.
In reality, there is a difference between degrees that have gainful employment prospects, and those that do not. As well, I'm a little suspicious of the monovariant analysis that has been quite popular regarding employment renumeration, especially when dealing with large groups.