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State by state, enrollments appear to be down.
This article is right on. It use to be that a college degree was the ticket to a good life. No longer does that mean the same thing. Employers are now crying for a shortage of machine people and welders and such. most of the boomers kids were told that they had to go to college and that was that. Now? Too many people with degrees and very few jobs, good jobs and well paid jobs. It will take a very long time to swing things like this around. Most young people still have it in their minds that college jobs are the best and most of them do not want to get their hands dirty. And I cannot blame them for thinking like that. The market has changed but many are not believing it.
Moreover, the proportion of graduates is growing faster than the number of high-paying jobs. A majority of the top 30 jobs forecast to have the most growth by the Bureau of Labor Statistics in the next decade require less than formal higher education. We are projected to need only 10,000 more biomedical engineers but 340,000 more customer sales representatives by 2020======
Maybe its just me but when minimum wage or near minimum wage jobs out pace well paying jobs by this kind of pace it will be very hard for demand to increase and spur our economy.
This is a great summary. Post secondary educational institutions need to transform themselves. The most disturbing issue is that we are not creating enough good paying jobs to meet the needs. I don't see this changing in the near future until we can get our economy going.
You won't hear arguments for decreasing higher educational opportunities from Europe, or India, or China or any other nation on the planet - but we hear it right here in the USA. Is it any wonder our country is losing it's dominance in the world economy with attitudes like this to deal with?
A college education is still a clear winner for most people. If you don't have it, your options are decreased, your earning potential is lower and it is just generally more difficult to climb the ladder in most careers. I don't see this changing anytime soon. Young people from China and India are flocking to U.S. universities in record numbers precisely because they want to take advantage of the opportunities these schools provide. Many people go into thousands of dollars of debt to pay for cars and houses. A college education is a much better investment.
Reason #7: With graduation rates dropping all around the country there are not enough qualified students to fill the capacity of colleges across the country. Has nothing to do with how many kids there are...it has to do with dropping umbers of kids that CAN go to college.
Our whole educational system needs an overhaul. Millions of offspring of the baby boomers were told early on that they were expected to get a 4 year degree. Now, we have millions of overqualified kids with thousands in debt waiting tables and making coffee. The fact is that not every kid wants or needs that 4 year degree, and would be better off in a vocational program.
My always hated school. He was in summer school every year. He was saved by his straight "A's" in shops classes. He attended vocational college (trade school is much more accurate) for 2 years, graduating at the top of his class in diesel mechanics. His first year of employment he made 100k with overtime. These jobs almost always provide health insurance and a retirement plan. The trades will never be outsourced. How long have you had to wait for a plumber or an electrician? Our spoiled children want instant gratification sitting at a desk "thinking". Those days are gone.
possibly most important, concern appears to be rising about the rate of return on college investments - - easy to verify. Drill down and compare majors with big earning potential versus small potential. If the enrollment drop is worse for small earning majors, then 'buyers' are getting smarter.
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