Saturday, December 1, 2012
Investing In Higher Education
This article (via Manan Shukla) looks at the labor market, in which 70% of the jobs are lower paying service jobs, and does a cost benefit analysis on a college education. The costs of getting a degree, even from state colleges, has gone up substantially and the return on that investment depends upon landing one of the declining number of jobs that require a college degree. There are still higher paying jobs that require an advanced degree but not everyone can afford more years of education. We certainly do not have a shortage of young people with a college education.