I can't be the only one who sees a problem with this. It's either a lie or a poor reflection on our society.
It explains the politics of triangulation, bad monetary policy, the bad management style of MBAs, the emphasis on wealth for social signalling, and on and on and on. It's such a common phenomenon that I'm a bit scared!
I can't be the only person who sees how fair and progressive this is? It's a wonderful reflection on our society.
Average debt for 2015 grads is 30k. That is not a low end car.
> And "prove you can stick to a goal" being a massive increase in lifetime earnings over those without a college degree.
Going to college is not the only way you can prove you stick to a goal, which according to the OP, is the only purpose of college. This is an immense waste of resources, all so that a company can take a little less risk when hiring someone, if at all. And college is such a business today that academic integrity is an afterthought, the degree is continually losing its value.
> I can't be the only person who sees how fair and progressive this is? It's a wonderful reflection on our society.
There is no need for sarcasm here. Either way, it doesn't follow from your argument that it is fair and progressive.
This is a false comparison. 30k is average DEBT they have-not the total cost of college education. Add many more tens of thousands-just so a company can take a little less risk, according to OP.
The reason we have subsidies is because businesses now want a degree, for no good reason, as evidenced by the OP. Because more people, who can't afford it, need college degrees, the government stepped in to provide that, with loans, which they make money on, and grants, which they hope to be paid for by future taxes. That doesn't account for all of the growth in tuition prices, rather, the demand does. Demand has skyrocketed because college grads make more. Since demand has skyrocketed, the supply of college grads has substantially increased-commoditizing the college degree, which benefits businesses because now they can pay less for a college grad. That's the bottom line.
The problem is more nuanced than just cost and salary. The fact is to make good salary college wasn't necessary decades ago. Now it is. So before what you got for free, now costs tens of thousands of dollars. How that is "progressive" is foreign to me.
And I didn't claim it was insignificant only that it's what low end cars cost these days - which might be a bit off but not by much.
People should go to college because they are capable autonomous adults that require specialized knowledge for their career goals. It should be short, intense, and absolutely focused on that specialized knowledge.
If someone can't hack it, go back to grade school or seek some kind of professional help.