Glenn Reynolds: The Ever Inflating Higher Education Bubble

[madbowler6]

one thing I disagree with in this video (but it's a major point): Glenn says colleges will have to start cutting costs to get tuition rates down. I'm not so sure, bc that would presume that rising *costs* of educating college students are what is driving tuition inflation. that's definitely not the case. the cost of educating a student has remained largely unchanged. the fed govt inflating the tuition bubble with cheap loans is the driver of tuition prices.

[gigawatts2k]

@iq7 @artvol11 I would agree, there is a lot of open positions. Plus with the BRAC making it's way from DC here, there are also a lot of open positions, simply because not everyone is going to leave the DC area.

[muddywood]

In Russia the bus drivers and taxi driver driver had college degrees.

[jimocarroll]

I have a PhD in Video Game Strategy, $300,000 in student debt, and you want me to make lattes at Starbucks?

[Siegetower]

@jimocarroll Sounds like you've overeducated yourself but at the same time underqualified yourself for the real workforce. South Korean 25 year olds working in video game strategy positions in Seoul won't need to have had such a stifling amount of education. I'm sorry mate but did you research the level of employment in that field in your country, or at least local area, before engaging in such a path?

[frogsoda]

@jimocarroll WAIT You paid more than a quarter million dollars to become a Dr of Video Game Strategy?!?!HAHAHA they saw you coming a million miles away.

More proof that education doesn't always result in intelligence. Just don't ask the rest of us to pay it for you. That is YOUR DEBT. You make as many Latte's as you have to to pay it.

[i7q]

i have a mechanical engineering degree and still cant find a job

[artvol11]

@i7q have you looked for a job in the Huntsville, AL area?

[muddywood]

@i7q Welcome to the Obama economy

[JDPKRevolution]

Medicine, science, teaching, and law.. If your not in these fields college is useless, go learn a actual skilled trade first.

[roxtar10870]

@JDPKRevolution Meh - There are graduating lawyers that can't find jobs, and I highly doubt that one needs a degree to teach anything worth learning.

[urbman29]

@JDPKRevolution Agreed

[frogsoda]

@JDPKRevolution I would add engineering and architecture to that list but I agree 100%

[ArrogantAmerican333]

Costly as college is, people need to stop treating it like some kind of human necessity. The reason most people want a college degree is not because its needed to perform their job, but because it gives them a leg up on someone who doesn't have one.  The only reason so many businesses will only hire people with college degrees is the fact that so many people have them today. It used to be a high school degree was enough, and if ppl stopped going to college so much, it would be that way again.

[ArrogantAmerican333]

@ArrogantAmerican333

*by enough I mean enough for most jobs. Obviously there are some jobs you really do need to go to college to perform.

[roxtar10870]

@ArrogantAmerican333 I think we're starting to see a trend away from businesses only hiring people with college degrees in favor of people that are just as smart but are willing to work for less.

[Siegetower]

@ArrogantAmerican333 In Australia there are now so many graduates that some organisations only take people with Masters Degrees. A friend started at a government department through his special skills and he was the only non Masters holder. Some of the people starting on his intake had PhD's. And this is for a basic govt. office job in the 'graduate' stream where they're basically answering the phones and working on the Ministers' projects. We're overeducated, it's futile.

[ArrogantAmerican333]

@Siegetower

Totally. The liberals are right that greed is the problem with the Western world today, but not in the way they think. We Westerners have become too greedy in that we are labelling too many things as entitlements and necessities.

[bobbytiger]

I continue to wonder as to why this subject is not more often addressed.  College costs are out of control, tenured professors making $150+K annually + benefits, "teach" 1 to 2 classes per semester (with graduate-student help of course). Yet, few seem to care.

As an Arlington County, VA resident, (where our public school teachers make in excess of $70K per yr on average, (per school year), somebody needs to draw a line in the sand, and say "no mas". The cost is killing, & the education poor.

[hppyhckr]

Scary...  So glad I'm self taught.