posted on Oct, 26 2009 @ 01:32 PM
reply to post by reticledc
I don't think Yglesias is telling young people to stay in school. He doesn't really offer any advice as to what they should do, except hope for a
country that becomes more committed to equality and social justice.
In the best of worlds a good college education would be attainable at a community college or other state-funded university without going into debt for
the rest of one's life.
The job market being what it is, however, a degree from a more prestigious institution often does open some doors. But there's the debt factor to
The truth is that many employers just want to see a degree to prove that a job applicant is capable of focused effort and perseverance. Most don't
consider a degree sufficient to qualify one for any particular job they have available, just a means of pre-screening. They usually have to train
the new hire in the specific job they are to perform and that costs money, time and resources. Companies are therefore choosy and very few entry
level positions offer high starting salaries.
Of course students can choose not to go to college at all. There are some skilled trades like plumbing, heating and air conditioning, etc. that
require training but not necessarily higher education and can provide a good living. As a rule, though, the lower and working classes suffer even
more in a recession than college graduates, as they often don't have savings to fall back on.
So it's like being caught between the devil and the deep blue sea -- you have higher lifetime earnings on average with a college degree than
without--but it takes money to make money. Just as it takes money to start a small business or begin almost any financial enterprise.
I personally would encourage young people to go ahead and get a college education, even in a community college, rather than drop out. Prof. Emeritus
has a good suggestion when he mentions internships, I think.
It's a case of damned if you do and damned if you don't. It's each person's individual call.