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Old 05-09-08, 04:00 PM   #16 (permalink)
gunner
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Re: Human Capital versus the Screening Hypothesis

Quote:
Originally Posted by Scucca View Post
I don't think its that simple. The youngster is typically rational. They will often, for example, have a vague idea about the returns to specific university degrees.

You'd have to suggest that tertiary education is not an investment but a consumption good. Media studies becomes "a jolly", as 3 years of fun replaces the nastiness of labour force effort. But hasn't that always been the case? A chance for the middle classes to escape their boarding schools and meet the odd lass...
I was being sum what facetious, but there's a train of thought who often suggest that there is a percentage who actually do choose "Media studies" as apposed to a more Math based subject for ease. I feel this is reflected in the reality culture that has spawned of late, The fascination of being famous.
I'm not convinced its your "Middle classes" who are fuelling the trend, but of course your definition of "Middle class" may conflict with mine [Another topic].
Degree courses are [until tuition fees] get out of hand open to far more school leavers than in previous generations, So in return your getting lower bench mark admissions for the easier type degrees on offer, so in effect your getting a lower caliber of student, a watered down version of old.

Paul.
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