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They don't have the job either if they are going head/head vs a college grad most likely.
They're both going for the same jobs because most of the jobs being created in this economy are non exportable service jobs, which don't need a degree. So the hs grad who has no debt is in the mix with a college grad with debt. The college grad also has the problem that many of the higher end service/engineering jobs are being either exported or are H1-B'd. Not much sense to accrue debt in a Depression, which includes student loans....
They're both going for the same jobs because most of the jobs being created in this economy are non exportable service jobs, which don't need a degree. So the hs grad who has no debt is in the mix with a college grad with debt. The college grad also has the problem that many of the higher end service/engineering jobs are being either exported or are H1-B'd. Not much sense to accrue debt in a Depression, which includes student loans....
No debt doesn't help much when you don't get the job and the college grad does.
No debt doesn't help much when you don't get the job and the college grad does.
Having debt and college degree doesn't assure you of anything except having debt which can't be gotten rid. That kind of debt during Depression = dumb....
Having debt and college degree doesn't assure you of anything except having debt which can't be gotten rid. That kind of debt during Depression = dumb....
Well that depends on the amount of debt and what school you went to. If you are racking up 25k in debt to go to the University of Phoenix that isn't a very bright idea.
What people like you fail to realize is the job world for a HS graduate has got worse just as it has for a college grad. That data is what it is in terms of employment rates and income.
The private sector colleges and universities will adapt and continue to provide a quality education to people looking to obtain new skills and survive in this tough economy. It will be the public institutions who are slow to change that will perish.
Just to clarify there's two kinds of private schools:
- Real universities such as Yale, MIT, Notre Dame, etc.
- Less than real universities (for-profit), such as University of Phoenix, Capella,Strayer, etc
Just to clarify there's two kinds of private schools:
- Real universities such as Yale, MIT, Notre Dame, etc.
- Less than real universities (for-profit), such as University of Phoenix, Capella,Strayer, etc
And?
These so called "real universities" are just as bad. They've been transformed into money making profit driven machines, hellbent on doing nothing more than turning their campuses into luxurious country clubs rather than focusing on academics as well as to increase their endowments as much as possible. By 2014 the department of education expects that there will be more administrators in US universities than actual faculty (and not just at for profit schools). Kids and their families are being gouged out the a$$ in order to pay for all of the administrative BS. When you have that many administrators you start to be run like a corporation, which is exactly what US universities are these days. They should be taxed as such then.
These so called "real universities" are just as bad. They've been transformed into money making profit driven machines, hellbent on doing nothing more than turning their campuses into luxurious country clubs rather than focusing on academics as well as to increase their endowments as much as possible. By 2014 the department of education expects that there will be more administrators in US universities than actual faculty (and not just at for profit schools). Kids and their families are being gouged out the a$$ in order to pay for all of the administrative BS. When you have that many administrators you start to be run like a corporation, which is exactly what US universities are these days. They should be taxed as such then.
And you get a better value from those so called "real universities". You get a better education, a better alumni association, and ultimately better opportunities. You cannot honestly suggest that someone from Harvard is in the same position as someone from Capella when it comes to being able to land a job.
Also, these so called "real universities" also provide a service to society. Schools like MIT perform real R&D that benefits the society as a whole. You cannot say the same about the University of Phoenix.
Well that depends on the amount of debt and what school you went to. If you are racking up 25k in debt to go to the University of Phoenix that isn't a very bright idea.
What people like you fail to realize is the job world for a HS graduate has got worse just as it has for a college grad. That data is what it is in terms of employment rates and income.
What people like you fail to realize is that you don't know what you're talking about. The income anyone is going to get is based on the jobs that exist. The jobs that are being created by this economy are for the most part non exportable service and construction jobs, not jobs which require a college degree. During the years of 01 and 06, when times were still "good" and we hadn't entered into a Depression, the information sector of the US economy lost 645,000 jobs or 17.4% Computer systems design and related lost 116,000 or 8.7% of its work force. During that period of time, Oracle moved 2k jobs to India, among others including WS firms which moved their back room tech and analysis work overseas as well. And this was during the time when this economy was booming.
Engineering jobs in general are also falling, due to that fact that manufacturing sectors that employ engineers are in decline. Again if you bothered to look at the period of time when things were "good" (01-06), the US lost 1.2 million jobs in the creation and building of machinery, computers, electronics, semiconductors, communication equipment, electrical equipment, motor vehicles and transportation equipment. The BLS payroll job numbers show a total of 70,000 jobs created in all fields of architecture and engineering, which also included clerical staff, for that period of time. So when we were booming and money and wealth was supposedly flowing, this economy created a mere 14,000 jobs per year in arch/engineering. The annual graduating classes for those majors is far in excess of that, and that before the FEDS allowed a minimum of 65,000 h-1B visas annually for skilled foreign workers as well as many more L-1 visas.
All of the occupations with largest project employment growth in terms of the number of jobs for the next decade are in nontradable domestic services, meaning for this "incredible job machine" otherwise known as the US economy, are retail sales, registered nurses, postsecondary teachers, customer service representatives, janitors and cleaners, waiters and waitresses, food preparation, home health aides, nursing aides, orderlies and attendants, general and operations managers. Few of these jobs require a college education.
You are propagating a myth, one that many students believe and that is leading to economic ruin. As a percentage of population, there are more people in college than at any time in the history of the republic, and precisely at a time when the economy is incapable of creating high wage, high skill careers which cannot be shipped off overseas, or are not being filled by foreign workers. To insist that college is somehow going to create the income when those jobs cannot begin to pay back high debt is plain ridiculous....
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