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A New Dark Age: When College Doesn't Pay

Tyler Durden's picture




 

Submitted by Daniel Drew via Dark-Bid.com,

If you're so smart, why aren't you rich? One day, as ignorance becomes an ideal to strive for, that question might be replaced with, "If you're so dumb, why aren't you rich?"

The possibility that evolution might take a wrong turn and transform us into a society of imbeciles was dramatized in the movie Idiocracy. That process is beginning today as education is no longer rewarded. A look at the labor force participation rate for college graduates shows a steady decline since the data was first tracked.

Bachelor Degree Labor Force Participation

 

Getting a college degree used to mean a ticket on the upward trajectory of this thing they once called a "career." Now, your college degree guarantees you a place behind the bar counter in the McJob recovery.

Student Loans

As more college graduates become unemployed, the more the federal government picks up the tab.

No Degree Lambo

Idiocracy is upon us.

 

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Tue, 04/21/2015 - 10:39 | 6014435 GMadScientist
GMadScientist's picture

Neither did the Greenspan, Bernanke, nor Yellen Puts.

Tue, 04/21/2015 - 09:48 | 6014208 juicy_bananas
juicy_bananas's picture

It's only useless if you major in 17th century lesbian studies.  And if you have no ambition.

Tue, 04/21/2015 - 09:49 | 6014211 youngman
youngman's picture

I just have to see some of these professors they hire that make the news...and its enough to tell me that college is a waste of time and money....its just a 6 year..now...party.....

Tue, 04/21/2015 - 09:52 | 6014222 negative rates
negative rates's picture

As if the party ever really stopped for you.

Tue, 04/21/2015 - 09:51 | 6014216 BI2
BI2's picture

The American Curse >>>  http://wp.me/p4OZ4v-3z

Tue, 04/21/2015 - 09:51 | 6014218 Yen Cross
Yen Cross's picture

   Ohh...Look honey, a Lamborghini painted Brawndo Orange.It runs on electrolytes

Tue, 04/21/2015 - 10:38 | 6014429 GMadScientist
GMadScientist's picture

A sure guarantee of no more than 35mm with or without viagra.

Tue, 04/21/2015 - 09:53 | 6014225 Niall Of The Ni...
Niall Of The Nine Hostages's picture

 Universities were never intended to be more than a finishing school for the sons of the parasite master class. You'll know we've turned the corner when the Ivy League start shutting down because their endowments have been defaulted on and nobody can afford to pay the full cost of an Ivy League education. 

Huge difference between education and schooling anyway. If I had to do it all over again, I would have never gone to university. I could read Plato on my own time---and that time would have been better applied to learning to code.

I'm okay with this. 

Tue, 04/21/2015 - 10:06 | 6014231 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

The author conflates accreditation with education. One doesn't guarantee the other.

The is the same problem conflating trustworthy with trusted.

Trustworthy is by decree i.e. some authority figure says we have to use something because they say so. Happens in business all the time with some clueless suit telling people that they have to use some tech program etc.

Trusted is by voluntary association usually due to something's proven abilities. The flip side is a company uses some tech program etc. because it has a proven track record. Monopolies on anything guarantee trusted never persists long term. It can only be trustworthy based, the root logic eventually follows that same path for everything controlled by said system sooner or later.

The logic flow is ass backwards these days and a big problem for humanity not just the U.S. as a whole considering what really rules them without them knowing it.

The matrix is a very real system it is not some existential abstract threat. It's real disguise is in abstraction....

Tue, 04/21/2015 - 10:16 | 6014320 centerline
centerline's picture

+1.  I switched years ago to refer to college as "credentials" and education as a variable outcome of that process - depending largely on what one does with said time.  Wow, does this ever piss people off.  Direct hit on the programming.

As with everything else we talk about here, it will have to crash and burn.

Tue, 04/21/2015 - 13:37 | 6015072 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Labor force(d), human resource, people really should pay attention to language.

If it was about education vs knowledge, they'd get rid of HR in the hiring process outright. No resumes or job postings just have some sort of test or problem solving challenge relevant to a company's operations open for anyone to take/solve, accreditation be damned. Use that as the criteria for interviewing candidates, then you can start looking at accreditation afterwards. Get rid of HR and job postings. If there is talent out there it will be attracted to which problems they are most interested in solving. Not only that make everyone employed do the same, if they can't pass or solve it, bye bye but that would show just how naked the emperor and system really is.

Not only that if it was this way you make the results public so it can be studied to see how people are solving problems to diagnose how fucked up mentally in their thought processes people have become. The problem is a lot deeper and on a fundamental level than anyone will admit to themselves or others so far. De Nile is not just a river in Egypt.

It is all a CON defense game...

Tue, 04/21/2015 - 09:54 | 6014236 Dr. Engali
Dr. Engali's picture

Palease, if we didn't have all these kids taking out loans for courses in international basket weaving how would they learn the value of being a debt serf?

Tue, 04/21/2015 - 09:56 | 6014239 new game
new game's picture

looking for similar job i had 30 years ago. i was paid 11/hr 30 years ago(non-union). today 13.50! no shit - same job 30 years latter. thanks for globalization and china central planned econ and corporations working hard with about 530 CONgressional liars rapping the once manufacturing great called merica.

hard workers welcome, come on in and be harvested; one life to live, serve your master, an oligarch with partner in common, the gov.org regulator, erecting barriers for entry of start-ups.

grind the hand of your fellow merican trying to climb the upward mobility ladder...

competion is all good and healthy in merica the land of galt, ha fucking ha...

Tue, 04/21/2015 - 10:00 | 6014255 foodstampbarry
foodstampbarry's picture

No shit. I make the same today I made 20 yrs ago. Factor in inflation, it's actually less.

 

Tue, 04/21/2015 - 11:15 | 6014574 Icelandicsaga.....
Icelandicsaga...............................................'s picture

Wages have been stagnant since 1979 ... at that point they passed Monetary Deregulation Act which turned on the credit faucet .. people only FEEL better off because they are supplanting stagnant incomes with credit . http://www.commondreams.org/news/2013/08/22/us-economic-policy-keeping-w... talk to some high skilled CNC machinists .. they are making the same money they did in the 90s .. unless they get overtime .. they are screwed. USSA has lost critical skills sets thanks to the idiotic.> I NEED college crap .. high schools no longer have machine shop .. or any other useful skilll . a lot of it is crap .. we in the USSA  are deficient in math in particular . and as for literacy ..  when a kid can not read a set of blueprints or follow directions .. they are not going to make it .. add the new idiocy with Common Core... my nephew is floundering in it .. .CC is geared to making yet another genration of math illiterates .. luckily the county he lives in is removing CC from high schools       at least       and going back to teaching math the OLD way .. you think today's grads are bad.. just wait until the common core crowd hits the employment lines... disaster in process.

Tue, 04/21/2015 - 12:22 | 6014804 plane jain
plane jain's picture

 

 

1995 $20/per hour full time employment gross annual salary = $41,600

Equivalent salary in 2015 adjusted for inflation = $64,452

So, yeah. $22,852 less, or about a 25% less equivalent pay for the same job assuming pay per hour is flat.

 

Tue, 04/21/2015 - 10:03 | 6014273 Monty Burns
Monty Burns's picture

Very elegantly phrased.

Tue, 04/21/2015 - 10:35 | 6014415 usednabused
usednabused's picture

Yup, competition is great for the lower 90%. But there cant be any for the top end. After al, who would do the CEO's shitty work for a measly fucking 20 million a year? That golf and fancy restaurants would sure be a bitch to take.

Tue, 04/21/2015 - 10:02 | 6014244 Monty Burns
Monty Burns's picture

Is it any wonder? Colleges have become Cultural Marxist indoctrination centers with course content dumbed down to accommodate AA vibrants and women selected in preference to better-qualified White males.

Tue, 04/21/2015 - 09:59 | 6014245 rejected
rejected's picture

"If you're so smart, why aren't you rich? One day, as ignorance becomes an ideal to strive for, that question might be replaced with, "If you're so dumb, why aren't you rich?""

Soooo, no college and your a dumbshit. LOL.

Well it was the PhDs and other assorted college rabble that offshored the production,,, and they're still at it. Real smart!

It's the really well educated that's running our state and feral governments, real fine job they're doing.

And our monetary system is run by PhD's and such. Now aren't they doing a super job! 

NOAA can't forecat weather for the next 12 hours, Lockheed can't get a plane in the air and EPA are closing clean coal plants for thos green and really safe Nuke jobs.

I'll take dumb, thank you

Tue, 04/21/2015 - 10:26 | 6014349 centerline
centerline's picture

Eesh,  missed the mark there. 

The problem is financialization.  Bankers and lawyers thrive in a financialized world.  These are the folks who are running everything into the dirt.

Dumb people simply vote more benefits for themselves, furthering the need for financialization.  Eventually reaching critical mass... a point we past long ago.

Tue, 04/21/2015 - 10:32 | 6014399 rejected
rejected's picture

"Bankers and lawyers thrive in a financialized world.  These are the folks who are running everything into the dirt."

 

They are all degreed (aka smart). Yes?,,, Infect government and business. Yes?,,,  Destroy any ability to think rationally. Yes? 

Sure don't see how I missed the mark by too much.

 

Tue, 04/21/2015 - 11:13 | 6014559 centerline
centerline's picture

Because it is akin to throwing the baby out with the bathwater.

Smart predators taking advantage of everyone else.  And in the process distorting the world into a place where the worst of humanity has a better chance to be rewarded than the best of humanity. 

One of the biggest offenses in my mind is how smart people who operate for the greater good, with sound morals and ethics, get clobbered.  Every year the disincentive reaches a higher rung and grows - and with it we get closer and closer to the next dark age.

Tue, 04/21/2015 - 09:59 | 6014251 buzzsaw99
buzzsaw99's picture

not one mention of btfd this article lacks substance.

Tue, 04/21/2015 - 10:26 | 6014258 koan
koan's picture

Invert the first graph and you have illegal immigration, wonder if that's had an effect.

Tue, 04/21/2015 - 10:31 | 6014395 GMadScientist
GMadScientist's picture

Your theory is that the illegals mowing our lawns are now taking the college-degree jobs too?

Adjust your meds, Mr. Dobbs.

Tue, 04/21/2015 - 12:45 | 6014896 Mr. Frosty
Mr. Frosty's picture

They're called "Dreamers" and they pay less for college than actual citizens.

Tue, 04/21/2015 - 10:04 | 6014268 MEFOBILLS
MEFOBILLS's picture

Dumb people don’t have the ability to project the future, so they tend to breed at a higher level. 

We should use direct injections of social credit to prevent dysgenics.  A world full of dumb cattle-like goyim is the goal of our masters, and in turn money masters use private credit means to direct society.  Pay the dummies not to breed.

College really doesn’t matter when economics works right.  Economics works right when we have the proper kind of money (not private bank credit) channeling properly.

Money’s attributes are:  1) Type 2) Volume 3) Path/Channeling   

If any of these variables are ignored, then the system will malfunction. 

Humans are directed by price and money.  Human cattle are maneuvered by external forces, especially pricing signals.

An output is almost always a system function.  During the build up after Sputnik, colleges ramped up to produce many engineers and scientists, and these graduates found ready jobs.  These jobs in turn were created by direct spending into industry in order to meet goals, such as going to the moon.

The U.S., even from a higher population base, has continued to fall from post Sputnik period.  The 1965 immigration act, passed by our Zionist friends, has lowered U.S. human capital.  Further, our Zio friends continue to spread disinfo that money is credit as controlled by wall-street and private banks; this action short circuits and destroys any commonwealth/republic.  Winners are those in finance, who gain parasitic rents;  ill-gotten gains vector to their in-group. 

Tue, 04/21/2015 - 10:05 | 6014277 sschu
sschu's picture

This article ignores part of the reason.

https://www.aei.org/publication/stunning-college-degree-gap-women-have-e...

Hmm, let's think, what happens to women in their 30s?

The problem is more about the culture minimizing and ridiculing men, watch any TV lately?  Wonder why we have such social problems?  Idle men create problems like addiction, unemployment, crime, divorce, out-of-wedlock births, etc.

sschu 

 

Tue, 04/21/2015 - 10:09 | 6014295 Freddie
Freddie's picture

TV and Hollywood is for idiots who enjoy being serfs.  You watch it - you support it.  Not just riiculing men - ridiculing white men especially the TV ads including Fed Ex.   I stopped watching that shit years ago but fred Smith of Fed Ex should fire their ad agency.  Fed Ex has endless stupid white guy commercials.

Tue, 04/21/2015 - 10:25 | 6014370 sschu
sschu's picture

Labor force particpation rate for men: https://research.stlouisfed.org/fred2/series/LNS11300001

From over 85% to less than 70% 

https://research.stlouisfed.org/fred2/series/LNS11300002

Yet women can barely break the 60% threshold, but the rate is somewhat flat in recent years.

The problem is the way the culture treats men.  Do not expect to read that in the NYT or hear it on CNN or have Hillary make this statement however.

sschu

 

 

Tue, 04/21/2015 - 11:52 | 6014697 First There Is ...
First There Is A Mountain's picture

The problem is the way the culture treats men.

Exactly right and stupid fucking men are largely to blame for the general deterioration of our sociocultural status. Mention the fact that men are largely portrayed as buffoons in our society and the overwhelming response is: "grow up you fucking pansy". Mind you, this is generally coming from men who have used nothing more than hand tools their entire lives, top out at $16/hour and can't seem to comprehend the delicious irony in chastising other men for having the gaul to advocate for their own gender as women have been doing for the better part of a century. Meanwhile, their own conditions continue to deteriorate right along with their sons, nephews, brothers, etc. and all they can do is mutter some self-defeating macho bullshit. Impressive how truly stupid men are in that respect.

 

I have two daughters myself but I'm wise enough to understand what a nation of young men set adrift represents to women going forward. But then again, most women are too fucking stupid to realize that when the pendulum snaps back, they'll be right back where they were 200 years ago when men do what they've always done when confronted with a losing situation: use brute force.....

Tue, 04/21/2015 - 12:26 | 6014826 sschu
sschu's picture

Exactly right and stupid fucking men are largely to blame for the general deterioration of our sociocultural status.

Yes, men need to be more assertive, but that has never been their strong suit (Abraham, Moses, etc).

The culture needs men to be men, men need to be supported by the culture, they are not right now.  Men are laughed at, and sometimes for good reason.  But it is folly to think that we can somehow resolve our problems with less than 70% of men working.

Feminization of the culture, it took decades to get here, I only hope we can somehow turn it around.  I am not optimistic.

sschu 


Tue, 04/21/2015 - 12:58 | 6014950 First There Is ...
First There Is A Mountain's picture

The problem is the majority of men when confronted with this one simple choice:

 

1. Get the joystick in the hole

 

or

 

2. Think independent of their dick and act selfishly....

 

will ultimately opt for #1. A man is a prisoner to his own biology to some extent. The White Knight componenet of our society (assorted effeminate and dainty men incapable of capturing a woman's attention through the otherwise normal channels of good looks/physique, humor, wit, success) insure that men will continue on their downward trajectory as they sell out for a piece of ass regardless of how it impacts the rest of us. That in a nutshell is where men fail themselves time and time again. 

I don't think anyone believes that a society can function properly with men being increasingly relegated to obscurity. That would be pure fucking folly. The day I see a team of women throwing up an overpass or manufacturing a jetliner will be the day I decide to throw myself in the lake and get it over with. The fact is, insightful men have seen this coming down the pike for a good long time but have failed to act, not necessarily because of real or implied backlash from women (that's already happening) but because men simply will not advocate for themselves because to do so would be acting the "pussy". Stupid because women are eating our lunch and have no qualms with using our own weakness and stupidity against us in order to capture more grant money, female only STEM housing on college campuses, etc. 

I, too, am not optimistic about our future.....

Tue, 04/21/2015 - 12:30 | 6014843 shovelhead
shovelhead's picture

How long has your mechanic been screwing your wife?

Tue, 04/21/2015 - 12:37 | 6014870 First There Is ...
First There Is A Mountain's picture

You're essentially the ditch digging troll to whom I refer in my post and you don't even see it. You have summed up the problem succinctly.....

Tue, 04/21/2015 - 12:33 | 6014851 LibertarianMenace
LibertarianMenace's picture

The women's lip movement wanted the savannah, the savannah is what we got. To Friedan, Steinem, et al., I'd say mission accomplished. The nominal value of a college education inflated almost at the time that these two deviants and others like them appeared on the scene with their "advocacy". In effect, the supply of labor was spontaneously doubled, helped by their agitation, with no corresponding justification from real aggregate demand. Hence,  the "service" industries blossomed along with all kinds of other make-work bullshit positions, but none of it producing anything of real value. The historical result was a damper placed on everyone's real wage growth, ironically including those of the housewife. The nullification of a college education appears to be just another part of the program. But what program, and whose program?

Tue, 04/21/2015 - 12:47 | 6014903 Falconsixone
Falconsixone's picture

Gender bending chemicals are working. A world of fruits future.

Tue, 04/21/2015 - 14:09 | 6015259 Mack the Turtle
Mack the Turtle's picture

@sschu

Yes, the lopsided ratio of women vs men in college is missing from the article. Then it should have included in the recent numbers on the higher rate of marriage among the college educated.  I would guess there are numbers also showing a turn around in two income families.  So, the question is how many of the unemployed college degree holders are women who got married, had children, and decided to stay at home.

Tue, 04/21/2015 - 14:32 | 6015335 sschu
sschu's picture

So, the question is how many of the unemployed college degree holders are women who got married, had children, and decided to stay at home. 

Yes, this number is reflected in the Labor Force participation rate for women, which is still significantly less than men.  How much is due to the fact that females get a college degree and then stay at home to raise the kids?  Not sure, but it is certainly a factor.

Anecdotally, I know women who got an MD and then decided to stay at home and raise kids.  Now I am not against women wanting to do this, but the cost and effort required to be a doctor plus the limits they put on the number of doctors in the system make one question this approach. 

But I have two daughters, and I want the best opportunities for them.  College costs too much, our education system is antiquated, there has to be a better way.

We need more mother's for our kids, that role is WAY undervalued.  So also is the work that men do/can do.  We are hopelessly out of sink and may never recover.

Our ecomomic problems have roots in our social/cultural problems.  Men need to do a better job of being men, women need to demand that men be better men.  The 1960s view of free love and the ongoing issue with sex-without-consequences is a huge problem.    

sschu 


Tue, 04/21/2015 - 10:08 | 6014292 JoeTurner
JoeTurner's picture

Education deflation....We find ourselves in a global market with an overcapacity of labor. Factor in the Internet and the labor-supply-chain attenuates the time value of education...

Tue, 04/21/2015 - 10:24 | 6014365 new game
new game's picture

the offset of labor is cheap energy(robotics, digital performance) and trend is definetly not your friend as a 1000 bundles of joy pop out a gash as we read.

Tue, 04/21/2015 - 10:24 | 6014366 Falconsixone
Falconsixone's picture

"They" knew at the beginning of the industrial age there would be to many people by the end and they would have to cull the extras to maintain their power. Soft kill is working fine for them as long as they can control the narrative paradigm. That's working fine also.

Tue, 04/21/2015 - 11:17 | 6014580 centerline
centerline's picture

More like managing a train wreck while it occurs I think.  But, nonetheless, you are right that the trajectory was known long ago.  It is the more minute details that I am sure have been (and continue to be) elusive.  So, what to do if you are TPTB?  Cover the bases.  Contingency plans.  Etc. 

Tue, 04/21/2015 - 10:09 | 6014297 bobdog54
bobdog54's picture

Not idiocracy, it's what happens when you don't instill discipline, a strong work ethic and integrity in the young. Parents and PCness is to blame.

Tue, 04/21/2015 - 10:14 | 6014311 Falconsixone
Falconsixone's picture

Degrees for a waisted life $150,000.00. Call 1-800-dum-fcks

Tue, 04/21/2015 - 10:23 | 6014356 gcjohns1971
gcjohns1971's picture

For College degrees to be universally available, two thing had to happen:

1) The price of College had to go up (supply and demand) but the COST TO THE STUDENT had to go down.

2) The difficulty of the curriculum had to go down (or else most would fail).

 

So... now you're telling me that it is the LACK OF JOBS for loan-purchased-diplomas that caused idiocracy?????

 

This analysis seems to have skipped a few important steps.

Tue, 04/21/2015 - 10:23 | 6014358 Oldrepublic
Oldrepublic's picture

worth reading

 

The slow death of the university

https://chronicle.com/article/The-Slow-Death-of-the/228991/

Tue, 04/21/2015 - 10:35 | 6014368 piratepiet2
piratepiet2's picture

dt

Tue, 04/21/2015 - 10:26 | 6014374 Sizzurp
Sizzurp's picture

The Universities were Obamas biggest supporters.  It says a lot when schools have become so bloated and unsubstainable, they must buy political influence to stay afloat.

Tue, 04/21/2015 - 10:40 | 6014436 Buckaroo Banzai
Buckaroo Banzai's picture

Good point, but you are also overlooking the obvious fact that the University system has been the pointy-end of the Cultural Marxist spear for the last 50 years.

Tue, 04/21/2015 - 12:51 | 6014927 Mr. Frosty
Mr. Frosty's picture

Ron Paul was very popular among students, but the Republicans and the media sabotaged his campaign. 

Tue, 04/21/2015 - 10:29 | 6014385 GMadScientist
GMadScientist's picture

New License Plate: "RepoBait"

Tue, 04/21/2015 - 10:31 | 6014390 rwe2late
rwe2late's picture

The real dark age happens when education is narrowed to be the same as "job training".

From 1965 to now, the percentage of adults over 25 with a college degree has increased from about 10% to 25%.

http://upload.wikimedia.org/wikipedia/en/d/d1/Educational_Attainment_in_...

The recent increase in college degrees has had little to do with educating the population to think more broadly with greater understanding and humility.

College degrees have in general been debased to instead often now be narrow job training certificates for vocations with insufficient demand, and perhaps either outmoded or becoming outmoded. That, in combination with the poor economy explains the fall in labor participation rates of the degreed population.

 

Tue, 04/21/2015 - 12:58 | 6014952 Mr. Frosty
Mr. Frosty's picture

It's a back-door "work permit" system. In the Soviet Union you had to be a registered member of the Communist Party if you wanted a decent job. Now you need a "college degree" which is basically just proof of Liberal-Socialist indoctrination. The Liberal professors, whether consciously or unconsciously, are tasked with making sure only those who accept their indoctrination will get a degree and therefore a worthwile job.

Tue, 04/21/2015 - 10:30 | 6014392 Magnum
Magnum's picture

A lot of universities engage in useful scientific research, agricultural studies, post-harvest packaging, material sciences, engineering, the teaching of medicine, computer science, architecture, and all kinds of problem solving skills.  My kids will be going to college.

Tue, 04/21/2015 - 10:39 | 6014432 rwe2late
rwe2late's picture

Good luck with that:

http://www.counterpunch.org/2014/09/19/academic-fraud-and-the-ponzi-sche...

(also much of the research is for the war industry)

Tue, 04/21/2015 - 10:46 | 6014453 Magnum
Magnum's picture

I've toured five universities since November in anticipation of my daughter who will be studying biology and plant pathology in the fall.  My son will study architecture the following year, a perfect fit for him, as he's wanted to design structures since he could hold a pencil.  It's true that universities offer courses that aren't meaningful, but with the right focus, the expense of higher education is an excellent investment in my opinion.

Tue, 04/21/2015 - 11:03 | 6014528 Hyjinx
Hyjinx's picture

If your daughter is studying biology she should know that research is a hard world.  She should make the decision early if she is going "all the way" as in Ph.D. and eventually building her own research group in academia or industry vs. a masters level and working for others in either venue.  Yes, she will need a masters.  A BS in biology is barely enough to get technician-level positions now.  Also if she is studying plant biology I would recommend she take courses in genetic engineering as this is where the money will be in that field.  In fact I would recommend she avoid plants altogether and study immunology as there are many emerging applications for manipulating the immune system to fight cancer - a field growing gangbusters. 

Tue, 04/21/2015 - 11:14 | 6014572 Magnum
Magnum's picture

Thanks.  She is just starting out, and as you mentioned there are so many huge opportunities to put good minds to work via university study then to industry.  Of all the things to be pessimistic about, in my mind today's youth and their style of problem solving is something to be enthusiastic about.  

Tue, 04/21/2015 - 12:19 | 6014768 layman_please
layman_please's picture

architecture is tough work. long hours, shitty pay, endless bureaucracy and onerous clients. design part is maybe 20% of the whole process (that's what is taught in school). nevertheless, that's what makes it worth not having a private life. i'm a young architect/entrepreneur in europe so he might be more lucky. i, personally, wouldn't have it any other way. good luck!

Tue, 04/21/2015 - 12:06 | 6014745 FredFlintstone
FredFlintstone's picture

Architecture may be the most over rated profession. I suggest you get your boy over to a firm and do some job shadowing and spend some time with some architects. It is a tough profession to make a good living at over the long haul. I am sure this is not news to you. The engineers who assist architects in designing buildings make a lot more than most of the architects and have stronger job prospects. If he is decent in algebra, you migh suggest architectural engineering as a back-up plan.

Tue, 04/21/2015 - 12:26 | 6014832 layman_please
layman_please's picture

spot on. somehow the notion that architects are equal to lawyers, doctors etc, is one of the biggest misconception. most of the clients think like that but aren't willing to pay even portion what other respected professionals charge. but if that is his calling, it's worth it.

Tue, 04/21/2015 - 12:18 | 6014798 Stumpy4516
Stumpy4516's picture

I seriously hope your son speaks to others who have been arcitects for 4 to 10 yrs.  After 15 yrs many who remain have found a spot. 

The love being associated with architecture but do not always find the career to be what they had dreamed of.

That goes double for engineers of various disciplines in the commercial building realm.

Many who thought they would have a professional thinking position find they are a production worker who's production rate is valued more than other attributes.  Long hours and less compensation that they assumed.  Burn out can happen, boom and bust cycles puts them in competition with younger cheaper when looking for the next job, some just get ground to dust.  

And the engineers better realize foreign born engineers have been moving here, finishing their degrees and staying for many years and in growing numbers. 

Tue, 04/21/2015 - 13:18 | 6015027 Big Corked Boots
Big Corked Boots's picture

If you love your son, don't let him major in Architecture.

Been there. Done that. Made way more money working for contractors, most of whom have no degree at all.

Tue, 04/21/2015 - 13:41 | 6015130 InflammatoryResponse
InflammatoryResponse's picture

Magnum,

 

what is she going to do with a biology degree?  Getting a Ph.D. is a fools excercise these days.  Learn about how hard it is to get research funding.

 

 

Tue, 04/21/2015 - 10:56 | 6014495 Magnum
Magnum's picture

I just read the article and none of it reflects what I've encountered in personally doing a ton of research into universites my kids may attend.  First of all, my daughter scored a reasonably high SAT score, took very rigorous AP courses in high school (an excellent high school by the way), so as a result she got a break on tuition which is about $8k per year.  Hardly the $25k mentioned in your article.  

She'll be in a college town away from home living in a dorm and the total due for housing and tuition is around $20k.  The university has plenty of student employment options as well.  

They have four buildings dedicated to the field she'll study which has nothing to do with the "war industry".  Undergraduates do a great deal of research themselves, and there are extension offices across the state doing all sorts of useful things.  

I'm on board with many of the ZH concepts but with due dilligence I think university studies are well worth the investment.  If you want a laugh though, here's a course catalog of Fairhaven College where kids likely emerge with no useful skills.  Buyer beware.

http://www.wwu.edu/fairhaven/academics/courses/14spring/

Tue, 04/21/2015 - 11:06 | 6014544 Hyjinx
Hyjinx's picture

Sounds like a good deal.  I wish her well!  She should be aggressive at finding summer intern ships in industry so she can see both the academic and industry research environments.  They can be markedly different from each other and her like/dislikes there will greatly shape the focus of her education depending on where she wants to be.

Tue, 04/21/2015 - 11:12 | 6014562 Magnum
Magnum's picture

Thanks.  She's always done very well in school and wants to continue with biology.  She wants to be a "plant doctor" which seems like a worthy endeavor.  Her university has tremendous facilities and relatively few students in that program, seems like the best deal ever.  They also have partnerships with overseas universities that allow her to go abroad one full year and only pay the $8000 tuition to her home university.  Another awesome deal.  Frankly, looking back at all the summer camps and other crap I've spent money on throughout her life, the next four+ years will probably end up being the best money spent.  I have no doubts.

Tue, 04/21/2015 - 11:18 | 6014583 Hyjinx
Hyjinx's picture

Sounds like her applications then will quite literally be "field" work!  Sounds like an interesting career track with all kinds of agricultural applications.

Tue, 04/21/2015 - 12:00 | 6014718 FredFlintstone
FredFlintstone's picture

30 years ago that $20k was only $2k. Good job with the daughter!

Tue, 04/21/2015 - 10:34 | 6014411 rbgnr111
rbgnr111's picture

colleges just teach you how to work for someone, very few teach entreprenureship. The other side of it is that many kids don't think about what the return on the investment for the degree they are going for is. Some it's worth spending the money and the time in school, but I still think a lot get misled by the schools and end up paying huge amounts of money for a degree that enables them to cap out at $30k-$40/yr if they are lucky.

I have to say I dropped out and am much better off than most of my friends who had completed college.

that license plate is awesome!

I had wanted to get the education license plate for my state and have "dropout" on it... but they refused to let me.

Tue, 04/21/2015 - 12:59 | 6014956 shovelhead
shovelhead's picture

I'm not sure you can teach entrepreneurship because it mostly consists of desire and determination. Skills at writing up a plausible business plan would be helpful with basic bookkeeping but startup types will do that anyway.

I just don't think you can teach risk-taking. Either you have it or you'll take the safe road. Most won't sacrifice to save the money they need to start small and support themselves until they can make a profit. Putting your own money on the line will sharpen your learning curve like nothing else.

It also doesn't help if you need a million or two before you see a dime of return. In that case, you had better learn to become an excellent salesman as well.

Getting a job is just a hell of a lot easier and that's the way most will go.

 

Tue, 04/21/2015 - 10:37 | 6014425 appocean
appocean's picture

and if you do succeed and get a job you are punished by not allowing to deduct the interest on your student loans... stay unemployed and default and you get free health insurance and other goodies... talk about incentives.

But don't fear because if you build apartments for all the folks that can't afford to buy a house... you can get government insured financing at 1% and then depreciate the buildings over 27 years... on the way to becoming a big time political donor and future ambassador.

Tue, 04/21/2015 - 10:45 | 6014443 yogibear
yogibear's picture

In other countries the engineering courses eliminate the fluff we have in the US (liberal arts) and concentrate on the core engineering courses.

The liberals would never tolerate removing their BS courses because many would end up unemployed.

Plenty of top people dropped out of college to create billion dollar businesses.

Tue, 04/21/2015 - 12:57 | 6014948 cheech_wizard
cheech_wizard's picture

I would have gladly traded those liberal art fluff courses we had to choose as an "elective" for another core engineering course. They were a complete waste of time. 

Tue, 04/21/2015 - 10:45 | 6014449 juggalo1
juggalo1's picture

What they teach in college, and what kids do in college is not all that different, but in the past elites were the only ones who went to college.  Now everyone is trying to send all their kids to college, so the elites are discriminating more based on criteria other than college degrees.  It's like a cargo cult.  You thought if you did what elites did you would be treated like an elite and get outcomes like an elite.  It doesn't work that way.

Tue, 04/21/2015 - 11:56 | 6014705 Magnum
Magnum's picture

The term cult I agree with. My daughter got accepted at a "prestigious" liberal arts college, we visited and right away I felt like I was in a cult. Cars from all states in the parking lot, brainy kids from rich families surrounded the place. Tuition plus room/board there was $65k. I kept wondering how anyone could justify the cost. The reward for paying that money is to know your kid is in a cult with kids from an identical background.

Tue, 04/21/2015 - 12:21 | 6014809 Falconsixone
Falconsixone's picture

Future leaders as their lead. For 65k she could start her own biz tossing pizza and charge the cult kids 65k extra per year for artisan pizza (liberal arts...lol...sorry).

Tue, 04/21/2015 - 12:40 | 6014877 SmedleyButlersGhost
SmedleyButlersGhost's picture

Keep in mind that it's $65k per year. That's a pizza chain

Tue, 04/21/2015 - 12:55 | 6014879 DaveA
DaveA's picture

When your daughter turns 30 and decides it's time to marry, her boyfriend of several years will dump her and marry my 18-year-old daughter, an intelligent, self-educated, baby-loving cutie with no debt. As my daughter bears her husband many adorable high-IQ children, yours will spend her weekends getting wasted and griping about how "shallow" men are and how they're "too chickensh*t to handle a strong independent mature woman".

Tue, 04/21/2015 - 12:57 | 6014946 Falconsixone
Falconsixone's picture

Yes but! Her boyfriend is a bum so they'll both be spreading their iq's all over your basement.

Tue, 04/21/2015 - 15:13 | 6015515 DaveA
DaveA's picture

Magnum's daughter might have a few drunken college hookups with good-looking bums, but her long-term boyfriend will be a man of equal or higher IQ and the talent to go places. He'll just realize at some point that he'd rather go to those places with someone much younger.

College girls have too much mileage, too much attitude, and too much debt. Marry a high-IQ girl before she enters Bordello U and you'll get smarter, healthier kids, and more of them.

Tue, 04/21/2015 - 10:45 | 6014452 datura
datura's picture

And now read this. Russians even dare to quote the Founding Fathers. isn't this just amazing?? And there are more and more things like that happening in Russia. Truth is sometimes really stranger than fiction. But then, someone once said that "Russians are a nation of hungry philosophers." :-) So perhaps they just needed to shake off the communism, to wake up, to stop admiring the West and to try to shape their own way into the future. I have less and less doubt that they will be able to do it - much better than the West.  http://russia-insider.com/en/pm-medvedev-says-russia-should-maintain-mod...

Tue, 04/21/2015 - 10:50 | 6014477 kanoli
kanoli's picture

Rather than saying "education is not rewarded", it might be more accurate to say that the package being sold as "education" long ago ceased to be.  The education hawkers are selling sheit in a box with a pretty bow on it.

Tue, 04/21/2015 - 10:52 | 6014478 R19
R19's picture

SOMEONE TELL TYLER TO POST ABOUT FED ROSENGREN COMMENTS - Those are rich.

'Lift-off may take experimentation'....

HAHAHAHA

Tue, 04/21/2015 - 10:54 | 6014484 justmy2cents
justmy2cents's picture

Seriously who needs an establishment education anymore in the age of the internet? Doctors, software developers and lawyers are going to be replaced by machines so no point doing that. You would have to be a right dumb ass to get in debt to get educated nowadays.

Tue, 04/21/2015 - 10:56 | 6014496 vegas
vegas's picture

Amerika's latest batch of cluless twits have just discovered what "indentured slave" means; worker bees aren't supposed to "get ahead", you're supposed to work and pay the bills for larger cluless twits like the Clintons et al. Go ahead, vote for them again and expect a different result. It's no wonder, at age 21-30, you still live in Mom & Dad's basement.

 

www.traderzoo.mobi

Tue, 04/21/2015 - 10:59 | 6014514 OutaTime43
OutaTime43's picture

Isn't the graph on labor participation rate misleading? Over 25 includes those who are retiring right? of course it will be falling as the baby boomers retire. Wouldn't a graph of those between 25-65 be more meaningful? 

Tue, 04/21/2015 - 21:30 | 6016732 Abbie Normal
Abbie Normal's picture

The labor participation rate only counts those up to age 64.  So all those 70-80 yr old walmart greeters that are still making mortgage and student loan payments are not included.

Tue, 04/21/2015 - 11:00 | 6014520 rickybobby1hundo
rickybobby1hundo's picture

welcome to Costco, I luv u. 

Tue, 04/21/2015 - 11:03 | 6014532 ChargingHandle
ChargingHandle's picture

A college degree is only a part of the fornula. Without this key ingredient the recipe is off. A degree plus drive and a network is the total package. Gripe about the benefits of going and you will later find yourself griping how life and ooportunity passed you by.

Tue, 04/21/2015 - 11:07 | 6014548 R19
R19's picture

Check out Sebastian Thrun's Udacity project.

'Our Mission

Our mission is to bring accessible, affordable, engaging, and highly effective higher education to the world. We believe that higher education is a basic human right, and we seek to empower our students to advance their education and careers.

Education is no longer a one-time event but a lifelong experience. Education should be less passive listening (no long lectures) and more active doing. Education should empower students to succeed not just in school but in life.'

Tue, 04/21/2015 - 11:24 | 6014604 22winmag
22winmag's picture

The ones who do make money with their degrees generally:

 

1. Go to work for poison pill companies (Pharma)

or

2. Go to work for munitions related and "defense" related companies.

 

If anyone has a suggestion for #3, have at it.

Tue, 04/21/2015 - 11:46 | 6014673 _SILENCER
_SILENCER's picture

#3 Idiot Media

Tue, 04/21/2015 - 11:51 | 6014695 Equality 7-25-1
Equality 7-25-1's picture

#3 Criminals who passed the bar. 

Tue, 04/21/2015 - 12:37 | 6014869 SmedleyButlersGhost
SmedleyButlersGhost's picture

Better call Saul when you don't need a Criminal Lawyer but a "Criminal" Lawyer

Tue, 04/21/2015 - 11:24 | 6014605 observiate
observiate's picture

well i agree on the one hand.  However, this post is a bit of a misnomer.  Certainly correct for the most part but does not mention an extremely important fact - the watering down of college curriculums across the nation.

Education is definitely still rewarded.  Hard work is definitely still rewarded.

What this post fails to mention or take into account is the strong decline in efficacy of college education.

That is, the graph could also be interpreted as a correlation to the watering-down of education in colleges across the U.S.

Education is definitely still rewarded.  But "traditional" college education is so watered down, that it is no longer viable as a means to career.  The face of the educational landscape is changing.  Education itself is still of high importance, to be sure.

Tue, 04/21/2015 - 11:28 | 6014621 OutaTime43
OutaTime43's picture

If you look at the labor participation rate 25-55, then its been basically flat since 1990. It dropped a couple of points after the 2008 near depression but its still been fairly consistent.  If you're smart and driven, then a college degree really isn't necessary unless you're going into a professional or scientific career (MD, JD, MBA, PhD, etc.). If you have a business idea and there's a niche, then anyone can succeed. 

Tue, 04/21/2015 - 11:28 | 6014623 Salzburg1756
Salzburg1756's picture

I hope this is the appropriate thread for this light material:

Church Ladies With Typewriters 

 

They're Back! Those wonderful Church Bulletins! Thank God for the church ladies with typewriters. These sentences actually appeared in church bulletins or were announced at church services [and even if they werent, who cares?] : 


The Fasting & Prayer Conference includes meals.
  
--------------------------
Scouts   are saving aluminium cans, bottles and other items to be recycled. Proceeds will be used to cripple children. 
--------------------------
The sermon this morning: 'Jesus Walks on the Water.' The sermon tonight: 'Searching for Jesus.' 
--------------------------
Ladies, don't forget the rummage sale. It's a chance to get rid of those things not worth keeping around the house. Bring your husbands. 
--------------------------
Don't let worry kill you off - let the Church help.  
--------------------------
Miss Charlene Mason sang 'I will not pass this way again,' giving obvious pleasure to the congregation.  
--------------------------
For those of you who have children and don't know it, we have a nursery downstairs.  
--------------------------
Next Thursday there will be try-outs for the choir. They need all the help they can get.  
--------------------------
Irving Benson and Jessie Carter were married on October 24 in the church. So ends a friendship that began in their school days. 
--------------------------
A bean supper will be held on Tuesday evening in the church hall. Music will follow.  
--------------------------
At the evening service tonight, the sermon topic will be 'What Is Hell?' Come early and listen to our choir practice.
--------------------------
Eight new choir robes are currently needed due to the addition of several new members and to the deterioration of some older ones.
--------------------------
Please place your donation in the envelope along with the deceased person you want remembered.
--------------------------
The church will host an evening of fine dining, super entertainment and gracious hostility. 
--------------------------
Pot-luck supper Sunday at 5:00 PM - prayer and medication to follow.
--------------------------
The ladies of the Church have cast off clothing of every kind. They may be seen in the basement on Friday afternoon. 
--------------------------
This evening at 7 PM there will be a hymn singing in the park across from the Church. Bring a blanket and come prepared to sin. 
--------------------------
The pastor would appreciate it if the ladies of the Congregation would lend him their electric girdles for the pancake breakfast next Sunday.
--------------------------
Low Self Esteem Support Group will meet Thursday at 7 PM. Please use the back door. 
--------------------------
The eighth-graders will be presenting Shakespeare's Hamlet in the Church basement Friday at 7 PM. The congregation is invited to attend this tragedy.
--------------------------
Weight Watchers will meet at 7 PM at the First Presbyterian Church. Please use large double door at the side entrance. 
--------------------------
And this one just about sums them all up:
The Associate Minister unveiled the church's new campaign slogan last Sunday:
'I Upped My Pledge - Up Yours.'

 

Tue, 04/21/2015 - 11:58 | 6014711 zstard
zstard's picture

Totally OT, but my sides were hurting before I finished reading.

Tue, 04/21/2015 - 11:35 | 6014647 _SILENCER
_SILENCER's picture

I have the unfortunate occasion to run into modern college grads. They're goddamned clueless about nearly everything.

None of them know what credit is, who's behind it, how it fucks them. None of them realize 9/11 is full of shit, none of them can handle a shotgun, handle a traffic accident, grill a steak, or buy clean food. A great many of them drink out of the faucet, take prescriptions, let others dominate them, call mommy a lot to get them outof the most absurd of situations, and think their degree is Psychology or Media is going to do anything for them. They've never lived, they'ver never starved, they've never suffered.

They'll get eaten is things go bad.

Tue, 04/21/2015 - 12:17 | 6014788 the grateful un...
the grateful unemployed's picture

probably their most serious lack of critical ability happened when the college kids elected Obama. but they've never suffered, and that's good, suffering wears you out, years of suffering and when the tanks roll down the street you're too tired to run. that's when some fresh legs are handy. when things go bad it will all seem like a new adventure to them.

Tue, 04/21/2015 - 12:34 | 6014853 SmedleyButlersGhost
SmedleyButlersGhost's picture

Always keep an eye out for the juicy fat ones.

Tue, 04/21/2015 - 15:22 | 6015549 Inthemix96
Inthemix96's picture

Silencer, this very fucking strange the words you just typed, is there any chance you are bloody me???

Some fucker just walked over my grave reading those words????

Tue, 04/21/2015 - 11:48 | 6014685 Yancey Ward
Yancey Ward's picture

The reason is that morons are now being enticed to get bachelor degrees, too.  This doesn't make the morons more employable, in fact it probably does the exact opposite.  Thus the declining participation rate.

Tue, 04/21/2015 - 11:51 | 6014694 Shitgum Suicide
Shitgum Suicide's picture

Speaking of idiocracy here's a bloomturd article. It will surely make you laugh and cry. And don't call me Shirley.

"The advent of ETFs for gold made it much easier to own gold and it really democratizes gold,” Fink said at the 2015 Credit Suisse Megatrends conference. “I don’t believe people believe gold is a great store of wealth today.”

http://www.bloomberg.com/news/articles/2015-04-21/new-york-apartments-ar...

Tue, 04/21/2015 - 11:56 | 6014704 Fix It Again Timmy
Fix It Again Timmy's picture

Everything started to go to shit on Saturday, November 23rd, 1963 -  the day after JFK was murdered....Just say'n....

Tue, 04/21/2015 - 12:04 | 6014736 Chuck Knoblauch
Chuck Knoblauch's picture

Ike warned you, didn't he?

JFK did not heed the old Gereral's advice.

Tue, 04/21/2015 - 12:35 | 6014860 BigRedRider
BigRedRider's picture

"Gereral's"?  What kind of degree did you foist off some college?  Oh, wait...you got through college on a sports scholership, right?

Tue, 04/21/2015 - 13:12 | 6015004 shovelhead
shovelhead's picture

Scholership?

The irony...

It hurts.

Thu, 04/23/2015 - 13:08 | 6022688 Sokhmate
Sokhmate's picture

He meant schoolership. What's wrong widh dhat?

Tue, 04/21/2015 - 12:00 | 6014713 Chuck Knoblauch
Chuck Knoblauch's picture

If you cannot thrive in this new economy, you are an enemy of the new system.

Fight to survive or die trying.

Die well.

Tue, 04/21/2015 - 12:11 | 6014743 Jungle Jim
Jungle Jim's picture

I got my B.A. in 1995, at age 38. In History. No employer within 200 miles of here gives a hoot about my History degree. Most of them don't care if I can read or write. Well, they care if I can type (I can't). Whether anything I might type is grammatical or true or makes any sense doesn't matter to them. 

Tue, 04/21/2015 - 12:11 | 6014763 the grateful un...
the grateful unemployed's picture

maybe you can get a gig on Drunken History

Tue, 04/21/2015 - 12:19 | 6014799 SmedleyButlersGhost
SmedleyButlersGhost's picture

Maybe write a book on the history of drunkeness?

Tue, 04/21/2015 - 12:17 | 6014792 SmedleyButlersGhost
SmedleyButlersGhost's picture

I'd have to say at 38 - yea your degree is window dressing regardless of where you got it. It's called work experience or a track record. You really didn't expect someone to say - wow a history degree - here's a brief case and a desk did you?

Tue, 04/21/2015 - 13:09 | 6014991 SmittyinLA
SmittyinLA's picture

actually that's pretty much how much it works  - here's a brief case and a desk 

Tue, 04/21/2015 - 13:16 | 6015019 shovelhead
shovelhead's picture

You forgot about the part where they say, "Who fucking cares...Go make me some money and you'd better do it quick".

Tue, 04/21/2015 - 15:28 | 6015578 Benjamin123
Benjamin123's picture

Have you considered being a history teacher, writing history books for adults or kids, being an investigative journalist or writing and producing low-cost history TV shows? On the side to supplement your income, wash dishes while learning to weld.

Tue, 04/21/2015 - 12:09 | 6014757 Heroic Couplet
Heroic Couplet's picture

The best confirmation of US jobs sent off shore and lied about came this year from an Indian American woman, third generation. She was drafting a novel about a fictitious Indian family. One line in a draft chapter was oh yeah, US jobs are in India. The size of the tech corporate campus in Bangalore is immense. It's just never shown on American televsion. Then she put her hand to her mouth and said oops, I guess I shouldn't have said that to you.

Tue, 04/21/2015 - 12:10 | 6014759 the grateful un...
the grateful unemployed's picture

the only thing that has changed is the degree. back in the 60s a college degree which didnt necessarily lead to a good paying job was considered a symbol of your personal quest for enlightenment, and you bought a Liberal Arts degree. (ask not what your country can do for you...) eventually that degree was disparaged, in favor of science and math degrees. unfortunately the number of qualified civil engineers coming out of India is enough to overwhelm the market, and you can do calculus with a software program. in the 60s people joined the peace corps, and of course volunteer work is still a socially commendable act, but now if you use your Liberal Arts degree to start a non-profit, and write yourself a generous grant to run the thing. so the whole process is turned around. and entertainment is a good career choice (i went to the same college with Mike Judge, i was in visual arts, but i never saw the guy, because he was a physics major)

Tue, 04/21/2015 - 12:11 | 6014760 BerlinBusiness
BerlinBusiness's picture

Yo Zero. I never see you do a story or make use of the Chicago Fed National Activity Index (CFNAI).

Here is a link to the report.

https://www.chicagofed.org/publications/cfnai/index

The CFNAI is a weighted average of 85 existing monthly indicators of national economic activity.

It is an indisputable indicator of real economic growth and last report it dipped into recession territory.

The Chicago Fed National Activity Index (CFNAI) was -0.42 in March, down from -0.18 in February.

Tue, 04/21/2015 - 13:46 | 6015159 sTls7
sTls7's picture

Good point.

 

Tue, 04/21/2015 - 12:12 | 6014769 Arthur Schopenhauer
Arthur Schopenhauer's picture

I got my PHD and looked for a position in that field, and they all said I was overqualified.

So I dropped my PHD from my resume' and then they said I had too much experience.

Then I just started walking into places with no resume' and filling out job applications on the spot, with a note at the bottom that said "I've got a strong back and I get along great with people".

Now, I've got so damn many job offers I can't make up my mind which one to accept.

Tue, 04/21/2015 - 12:56 | 6014944 combatsnoopy
combatsnoopy's picture

I'm a US citizen who gets no affirmative action perks.
I may have to get a temporary Visa to the US and a Mexican last name to qualify for work.  Or maybe no Visa and just another drivers' license.  

Tue, 04/21/2015 - 14:03 | 6015228 Arthur Schopenhauer
Arthur Schopenhauer's picture

Sir, I didn't mean for my comment to be derogatory in any way... Nowadays, an employee who possesses the simple quality of 'getting along great with people' is becoming increasingly rare.

Tue, 04/21/2015 - 12:38 | 6014872 firewolfsblog
firewolfsblog's picture

BRAWNDO!

Tue, 04/21/2015 - 12:54 | 6014936 combatsnoopy
combatsnoopy's picture

#1. Education doesn't make you rich, it helps you in life and work.  In my life, although the status quo really wants me to fail- my knowledge saved me from turning my hard luck into an epic disaster.  That is what they want for the U.S.  Look up overrepresented minority clause in affirmative action. 

#2. College doesn't enable you to fend for yourself in the workforce?  Ask the 500 billionaires in China and the many others who went from rags to riches in India and South Korea and were able to get started on the right foot with their 4.3 GPAs through K-12 + bachelors + masters?  EVERYONE I personally know suffered set backs from the subprime scandal except for this group.  And it's a VERY tough act to follow.  

#3. How many people were able to earn a doctor's salary without aceing organic chem and molecular biology?  Even if they wanted to save you, wouldn't it be worthwhile for them to know what they're doing?

#4. Without colleges, where would legitimate talent learn software engineering so that you may use the internet?

#5. Tyler (sorry bro!) must really believe that Al Gore invented the internet.  Not the MIT grad or UCLA and Stanford with DARPA funding. 

#6. Who else is going to show you how to do stats, trig and calc so you can perform your own calculations to evaluate options pinning?

#7. Learning costs nothing.  

#8. Typical stupid duhmericans under the boomer influence victim shaming yet again.  

Tue, 04/21/2015 - 12:59 | 6014954 jim249
Tue, 04/21/2015 - 13:07 | 6014972 Lin S
Lin S's picture

A female friend I no longer have contact with was a structural engineer and Berkeley grad with BS degree in Engineering.  MA in music from USC.

She worked in the engineering field for several years, made good money, then burned out and quit.  Went to UC Santa Cruz Extension online after that to get a certificate in Web Page Design, and try that.  Hired a career coach of some kind, well-connected guy and very helpful, but expensive.  She admits she "might not make it" as web page designer.  Just bought a small house in Walnut Creek.

When I asked what would happen if her career change didn't play out well, she said she'd move back in with mom, and/or sell and downsize.  I strongly suspected mom was/is making her mortgage payments, right now.  The girl has minimal cash flow, all of it from savings.

What I remember about her is how she constantly bashed SoCal people, bashed Los Angeles, and reminded me ad nauseum about how much better Berkeley is than UCLA.

I also remember the blank stare I got I when I made a passing joke about how her constant anti-LA haranguing was violating my 8th Amendment right.  She literally had no idea what the 8th Amendment to the Constitution says, or means.

I also remember how she'd tell me, "you're too negative, you read too much Zero Hedge."

She is 41, single, never married or engaged.   Unemployed.

 

Tue, 04/21/2015 - 14:00 | 6015218 silverer
silverer's picture

You just described a main-streamer!

Tue, 04/21/2015 - 13:07 | 6014978 SmittyinLA
SmittyinLA's picture

Looks to me like the zionist looters just shifted their firehose of guaranteed federal cash from Mortgage fraud to student loan fraud. 

I think we need to eliminate the fed's co-signing authority. 

No more federal guarantees.

Tue, 04/21/2015 - 13:13 | 6015006 ak_khanna
ak_khanna's picture

Getting a degree involves such high costs in terms of time and money that it no longer provides a lucrative return on investment. Moreover with the world economy severly in the grip of deflation, the demand for degree holders is not keeping up pace with the supply.

http://www.marketoracle.co.uk/Article40231.html

Tue, 04/21/2015 - 13:16 | 6015018 Chuck Knoblauch
Chuck Knoblauch's picture

Hey Tyler, Jeb said he isn't attending Bildergerg in June.

Even though he plans to be in Germany in early June.

Do you plan on covering this, or ignore it as usual?

Tue, 04/21/2015 - 13:22 | 6015050 Atx22
Atx22's picture

America messed up when they started leting 3rd world people into college now those people  who havent even ompleted highschool but was allowed into college will take all the jobs that we  are going to college for

Tue, 04/21/2015 - 13:30 | 6015088 SmedleyButlersGhost
SmedleyButlersGhost's picture

FFS - if that is the grammar of a college grad - fuk it - no more explanation of the 'problem' required.

Tue, 04/21/2015 - 15:24 | 6015555 Benjamin123
Benjamin123's picture

What, afraid of competition?

What if the white native americans were to have another baby boom and duplicate their numbers? There would be more white natives than ever, also needing jobs, but i do not believe you would be so upset about that.

It isnt the jobs you are upset about. If you dont like third worlders just say so plainly.

Tue, 04/21/2015 - 13:44 | 6015149 sTls7
sTls7's picture

Without college what would all these 18-20 somthings do with their life?  

Tue, 04/21/2015 - 13:58 | 6015209 silverer
silverer's picture

You need a degree to answer that question!

Tue, 04/21/2015 - 13:57 | 6015203 silverer
silverer's picture

Degrees are for thermometers.

Tue, 04/21/2015 - 18:17 | 6016221 Equality 7-25-1
Equality 7-25-1's picture

Degrees are for indoctrination. Doctor.

Tue, 04/21/2015 - 14:00 | 6015220 Puncher75
Puncher75's picture

"It says here you have a Chilean Lesbian Poetry Studies degree from Harvard.  Wow!!!  Impressive!  Take cab #6" 

Tue, 04/21/2015 - 15:20 | 6015540 Benjamin123
Benjamin123's picture

In all fairness most useless degrees are not underwater basket weaving nor women´s studies. It is usually psychology, graphic design, journalism, political science, etc.

Tue, 04/21/2015 - 17:49 | 6016102 Equality 7-25-1
Equality 7-25-1's picture

It says here you have a MRS from Harvard. Tribe too... welcome aboard, Senator Pocaheinous. You can sit next to Moochie. I suggest you sit to her right.

Tue, 04/21/2015 - 14:05 | 6015245 stonehands
stonehands's picture

Peasant cunning , single-mindedness and habit are the prerequisites for healthy wealthy life.

The high I.Q. gifted who doesn't learn to curb their appetites,amplifies bad habits to the detriment of themselves and those around them [think Bill Clinton]

The college experience is the epitome of this syndrome.

Tue, 04/21/2015 - 14:06 | 6015246 Gab Timov
Gab Timov's picture

The revolution will produce a lot of jobs. True or false?

Tue, 04/21/2015 - 14:11 | 6015265 stonehands
stonehands's picture

The next all out war will be the end of "civilization"

There will still be society but there will be no such thing as "jobs."

Tue, 04/21/2015 - 14:33 | 6015344 jal
jal's picture

Its a great system.

All those with the IQ to go to college are collecting money from those too dumb to go to college. 


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