The obsession with getting a college degree may finally be getting a reality check (“College Still Pays Off, but Not for Everyone,” The Wall Street Journal, Aug. 9). According to a TD Ameritrade study, 49 percent of young people said their degree was “very or somewhat unimportant” to their current job.
I wonder if even more will say so in the years ahead as it becomes evident that what is taught in college has little relevance to what is needed in the workplace.According to a paper released by the Fed’s Survey of Consumer Finances, “the college wealth premium weakens to the point of insignificance with the single exception of white bachelor’s-degree holders, which remains positive but much smaller than that enjoyed by previous cohorts.”
I’ve long believed that far too many students are not college material and would be far better served by a vocational education beginning in high school and continuing in community college. With average student debt now at $37,000, I think more high school students will rethink whether a four-year degree is worth the price.
The truth is that college is merely the most convenient place to learn how to learn. It is not an absolute determinant. Yet we persist in the fiction that the future is bleak for all those who do not have a sheepskin.
(To post a comment, click on the title of this blog.)