Wednesday, November 6, 2013
College is a Waste of Time and Money
I am always surprised to hear about the enrollment statistics at local colleges. As college is deemed worthless by employers, why do so many people still enroll, incurring debt in the process? It is as though they and their parents assume that nothing has changed since 1940, and a college degree remains the stepladder into the middle class. The reality is quite different now. There are a lot of people with Bachelor's and even Master's degrees that cannot find anything other than minimum-wage jobs. In reality, there is more to be gained by working at McDonalds for four years than incurring debt for four years. At least at McDonalds, no debt will be incurred, and some amount of money will be earned. There is always the possibility of becoming a store manager as well. I think the real reason kids still go to college is that an expectation has been to baked into their minds by our culture. There remains this almost religious awe of getting a college degree. After all, that may be how their parents moved up the ladder, back in the day when the economy was working. Graduation into the world of highly educated unemployment or under-employment or menial labor will come as a rude shock.