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Americans no longer see four-year college degrees as worth the cost

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Re: Americans no longer see four-year college degrees as worth the cost

#261

Earlier quoted context omitted.

Europe has a much lower expenditure per student compared to the US. https://www.aei.org/articles/the-crazy-amount-america-spends...

It does. In large part due to Baumol's cost disease - higher overall incomes in productive sector like tech drive up costs for sector with low productivity growth - so professors and admin staff in US make 2x salaries compared to Europe (cost of living adjusted). Also, have you seen EU student amenities and dorm sizes?

Is it necessary for there to be student amenities paid for by the school? Why should tuition pay for a bunch of ancillary nice-to-haves instead of, ya know, the education?

Re: Americans no longer see four-year college degrees as worth the cost

#263
post #207

Earlier quoted context omitted.

> The percentage of American adults over age 25 who have a college degree was only 20% as recently as 1990. When America was truly at the top of the world in the 1950s and 1960s, it was under 10%. Due to automation and the great advance of technology, the floor for most jobs has risen such that the skills/knowledge that a 1950s school dropout had would be insufficient for anything but the most menial jobs today. Outs…

Our immigration policies pretty strongly indicate we still need those less educated people doing work, we just don’t want to pay anything resembling reasonable wages for such.

I agree that our system relies heavily on uneducated migrants for menial labor.

However, uneducated people in the 1950s regularly got jobs in factories that paid enough for a single income to support a family.

That opportunity for uneducated Americans won't come back, regardless of our immigration policies.

Re: Americans no longer see four-year college degrees as worth the cost

#264

Almost nobody seem to see college as a place where people can develop the skills to learn itself ? Did it get that bad? It doesn't matter that I didn't remember how to do real analysis, but I had that class, and I learned it at some point, the process itself is exactly what happens in work - we'll learn new things, use it for some time, and then almost forget it to learn the next thing. It doesn't have to be college,…

Developing skills to learn is great but when one is struggling to pay for housing, food, and other essentials then that becomes a luxury that fewer and fewer can afford.

Re: Americans no longer see four-year college degrees as worth the cost

#265

Earlier quoted context omitted.

It's not sustainable to sell a product that most people only buy because they were trying to buy something else (or because they're forced to for societal reasons). That sort of approach is exactly why "Americans no longer see four-year college degrees as worth the cost" (as the title states)! People are wising up to the truth, and now it's harming the credibility of the system as a whole.

Everything's a societal reason from some angle. We've probably tilted a bit too hard towards college as a universal path, but I think the median college-degree-required job would still tell you that they're trying to find people who value education and learning for its own sake. The best doctors, lawyers, engineers, etc. are the intellectually curious ones who don't see education as a burden.

You went from "median" job/employer to "best" employee in high value/pay/education roles. These best employee's don't want to work in the "median college-degree-required job", they likely have done some significant post-grad studies and have also likely been saddled with more debt thus requiring their high paying career outcome just to avoid collapse of their personal finances.

I think the median 4 year college graduate going after the "median college-degree-required job", did not care much about their studies at all. They slogged through it hung over from the night before. College was a social experience and gave them a sports team to root for on Saturday. It let them extend their childhood and eschew responsibilities for a few more years.

We have this weird cultural thing in the US where we put super high expectations on education systems but we actually don't value education. We value the social clout and whatnot. Public schools are a prime example, parents are the problem. Make your kids do homework! Take away the video games/phone/tablet/wifi/whatever. It translates to college as, do just what is necessary to get a degree. Often the bare minimum, etc. Cheating runs rampant and so on. It manifests itself in so many ways. Just a core part of youth right now is much more interested in being an influencer, popular, a good athlete, no sorry good athletes are a dime a dozen - you need to be an elite athlete, etc. Being a bookworm or just studious simply isn't seen as cool, it has no social reward, quite the opposite in fact.

This might not apply to many students at ivy and top schools, but I'd argue it's certainly the median for the nation's college students the past few decades maybe longer. I think colleges allow it to happen. They don't grade as harshly as they used to, they have dumbed down the courses, etc. I wouldn't be surprised if the "median undergrad" education was more on par with the "median high school" education from a few decades ago.

Re: Americans no longer see four-year college degrees as worth the cost

#266

Higher ed is like employer based health insurance in that they are both weird path dependent historical accidents. People want cheap healthcare, and it got shoehorned into an odd employer fringe benefit system that really is not at all related healthcare in any intrinsic way. People want job training, and it got shoehorned into extra departments at liberal arts universities intended as aristocrat finishing schools. J…

This view seems to be common, but I think it misses what incredible alchemy comes from making people who come in for “job training” (like I did) spend 4 years in close proximity with research, academic freedom, liberal arts, and at least an attempt at some kind of intellectual idealism separate from economic incentive. It’s peanut butter and chocolate that has served democracy and its people well by having a middle c…

This comment would make more sense if more than ~38% of the country had a college degree. Can you really make the argument that college is truly a middle class concept if not even half of the populations has a bachelor's degree? I guess if you include community college which has really helped to serve the downtrodden get on their dream paths then I guess it makes more sense?

Re: Americans no longer see four-year college degrees as worth the cost

#267

Earlier quoted context omitted.

This view seems to be common, but I think it misses what incredible alchemy comes from making people who come in for “job training” (like I did) spend 4 years in close proximity with research, academic freedom, liberal arts, and at least an attempt at some kind of intellectual idealism separate from economic incentive. It’s peanut butter and chocolate that has served democracy and its people well by having a middle c…

This comment would make more sense if more than ~38% of the country had a college degree. Can you really make the argument that college is truly a middle class concept if not even half of the populations has a bachelor's degree? I guess if you include community college which has really helped to serve the downtrodden get on their dream paths then I guess it makes more sense?

Middle class doesn’t necessarily mean average or median class, but rather some life style bar where you aren’t struggling even if you can’t afford many luxuries. In India, for example, the middle class is small (definitely not average!) but growing.

Having a college education could totally be an indicator for middle class even if most people didn’t have one.

Re: Americans no longer see four-year college degrees as worth the cost

#268

Earlier quoted context omitted.

Most of the world has severed the two. A lot of what you'd consider key parts of the university experience just doesn't exist in most of Europe or the highly developed parts of Asia. In practice, it's attaching job training to a very, very expensive resort, regardless of who is paying for it. It's pretty nice, in the very same sense that spending 4 years in a beach resort ls also great, but one needs to be absurdly w…

> Most of the world has severed the two Yes, and the US system is the envy of the world and is responsible for the overwhelming majority of wealth generated in the US over the past few decades. I'm not sure how that's an argument against the US Higher Ed system. Edit: The real issue you seem to be pointing to is the cost of attending universities in the US. There are 2 parts to this. 1 is the costs of running a unive…

The education system to be envied by the rest of the world is Norway's model.

Re: Americans no longer see four-year college degrees as worth the cost

#269
The problem is that no one can really articulate what the point of higher education is.

If it were job training it would have to actually train students for jobs. But neither is that "academic" in any sense of the word nor actually practical in any way. University trains people to be research scientists in the hope this helps them do some later job.

If the goal were training students to be academics, then degree requirements for most jobs are absolutely nonsensical and universities admitting large percentages of the population would be extremely counterproductive.

If the goal were a continued education to create "well rounded" people, then why give that task to university professors and create a social environment where this is the least likely thing to happen?

If the goal is networking, then why do all that academic research stuff? Just play sports throughout the day.

Re: Americans no longer see four-year college degrees as worth the cost

#270

Total cost of ownership is 4 years x $15k-$25k (for a cheap public school) + missed income from working that same four years ($35k x 4 years). This is equal to $220k +/- $20k of lost money. Now compare this to income differential. Starting grad income is $80k(?). At 4% raise per year compared to 3.5% raise per year for a non-college employee. Over 43 years. My math comes out to the college grad is still making more m…

Assuming a grad income of $80k is an insane starting assumption. MAYBE you’re making that in software (good luck getting your foot in the door). Any other industry? Biology? Social sciences? Academia? Manufacturing? I struggle to think of anything other than finance that has a shot of STARTING at $80k. Hell I didn’t hit $80k in software industry until ~3 years in and I thought I was (I indeed WAS) very lucky.

>Assuming a grad income of $80k is an insane starting assumption.

It doesn't really matter if you consider it to be insane. The studies on this stuff always compare averages to averages, and average college grads do better in the long run no matter how optimistically you cook the books to make the inverse seem likely.

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