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Education
See other Education Articles

Title: Why Did 17 Million Students Go to College?
Source: Chronicle
URL Source: http://chronicle.com/blogs/innovati ... n-students-go-to-college/27634
Published: Oct 22, 2010
Author: Richard Vedder
Post Date: 2012-01-10 10:46:20 by lucysmom
Keywords: None
Views: 6940
Comments: 16

Two sets of information were presented to me in the last 24 hours that have dramatically reinforced my feeling that diminishing returns have set in to investments in higher education, with increasing evidence suggesting that we are in one respect “overinvesting” in the field. First, following up on information provided by former student Douglas Himes at the Bureau of Labor Statistics (BLS), my sidekick Chris Matgouranis showed me the table reproduced below (And for more see this).

Over 317,000 waiters and waitresses have college degrees (over 8,000 of them have doctoral or professional degrees), along with over 80,000 bartenders, and over 18,000 parking lot attendants. All told, some 17,000,000 Americans with college degrees are doing jobs that the BLS says require less than the skill levels associated with a bachelor’s degree.

snip

...the growing disconnect between labor market realities and the propaganda of higher-education apologists is causing more and more people to graduate and take menial jobs or no job at all. This is even true at the doctoral and professional level—there are 5,057 janitors in the U.S. with Ph.D.’s, other doctorates, or professional degrees.

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Begin Trace Mode for Comment # 15.

#6. To: lucysmom (#0) (Edited)

I recall seeing something like this a year or so ago somewhere. I found that the premise is somewhat flawed in that it seems to assume a "permanency" to any job a person may take.

The Summer prior to coming to NY, I worked for Yellow Freight unloading and jockeying trucks at their Lancaster, PA terminus. I left Lancaster that August and then worked for my dad's HS taking tickets at Football games until the end of September. At the time of so doing these jobs, I had an undergraduate degree and 6 semesters of graduate study.

To say that X number of waitresses or a parking attendents have a degree and then maintain that number as fixed and thus an indictment of Higher education is a logical fallacy. Most of those so employed as such, will most likely not be so employed in a year. Or have done so as a second job. Many waitresses in my local restaurants are, in fact, also school teachers.

war  posted on  2012-01-10   12:22:17 ET  Reply   Untrace   Trace   Private Reply  


#9. To: war (#6)

To say that X number of waitresses or a parking attendents have a degree and then maintain that number as fixed and thus an indictment of Higher education is a logical fallacy. Most of those so employed as such, will most likely not be so employed in a year. Or have done so as a second job. Many waitresses in my local restaurants are, in fact, also school teachers.

I was thinking of a certain person who is in the habit of ridiculing janitors when I posted that article.

lucysmom  posted on  2012-01-10   12:32:19 ET  Reply   Untrace   Trace   Private Reply  


#14. To: lucysmom (#9)

I was thinking of a certain person who is in the habit of ridiculing janitors when I posted that article.

My dad's first job after he was freed from the constraints of military service after WWII ended, was as a janitor. He also had a degree in structural engineering.

Eric better watch out, a degree in engineering doesn't initially guarantee one a great job.

mininggold  posted on  2012-01-10   13:00:29 ET  Reply   Untrace   Trace   Private Reply  


#15. To: mininggold (#14)

Eric better watch out, a degree in engineering doesn't initially guarantee one a great job.

In the late 60s the federal government cut back funding for research - many PhDs ended up pumping gas as a result.

lucysmom  posted on  2012-01-10   13:26:06 ET  Reply   Untrace   Trace   Private Reply  


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