Life After College
Marty Nemko at The Chronicle of Higher Education:
You could lock the collegebound in a closet for four years, and they’d still go on to earn more than the pool of non-collegebound – they’re brighter, more motivated, and have better family connections.
College graduates do undoubtedly earn more, lifetime, than those who don’t have a college degree. The problem, increasingly, is that over 40% of college freshmen at four year institutions don’t graduate after six years. They’ve spent the money, though.
Also, the past advantage of college graduates in the job market is eroding. Ever more students attend college at the same time as ever more employers are automating and sending offshore ever more professional jobs, and hiring part-time workers. Many college graduates are forced to take some very nonprofessional positions, such as driving a truck or tending bar.
Somehow, when someone asks the question “Where are the men?” I can’t help but think that this is part of the explanation.