Comment: Real problem (Score 3, Insightful) 2008-07-24 19:03
Attached to: Online Colleges Could Spy On Students – By Law
School is for learning things...and that is the problem.
The increasing availability of higher education (through convenient and affordable online colleges, as just one example) is resulting in an increasingly high percentage of highly educated people in the work force.
Unfortunately, the number of jobs that actually require that kind of education is not increasing at the same rate.
What happens when supply increases faster than demand? The price drops.
That means that more employers are requiring higher education for jobs that don't really need it, and are paying less and less for the jobs that actually do need it. Thus, all the workers lose out, because now one MUST have a higher education just to do a mundane job that won't use any of those skills and won't pay you enough to dig yourself out of the debt you incurred from all the student loans.
Don't believe me? Look at the economy in India.

