That's because college degrees have lost intrinsic value.Originally Posted by Kali
Two things create value for a college degree - utility and scarcity. Forty years ago, colleges were not as populous as they are now. The majority of people going out of high school just entered the work force. To get a college degree was to invest your time and money for an assuredly higher payoff years later with a career above that of factory work or whatever. Nowadays, everyone goes to college it seems. There has been a saturation of college degrees in our society, and not enough growth in the white-collar segment to provide for them.
Also, utility plays a factor. If you go get a degree in art, music, or some other liberal arts subject, you should not expect to go around flashing your papers and walk into a good paying job. That's what business, engineering, law, and medicine degrees are for.
Whatever.Again in the real world not everyone can push a broom. Kinda hard to do if you have no arms!!