The Great Recession's Lost Generation

Discussion in 'Off-Topic Discussions' started by b4cz28, May 19, 2011.

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  1. b4cz28

    b4cz28 New Member

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  2. Phillip M. Perry

    Phillip M. Perry New Member

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    Those troubling stories raise anew the question about the value of higher education. I found this story in The Economist insightful:

    Higher education: Is it really the next bubble? | The Economist

    One idea explored in the story is that college education is still valuable. The 2009 unemployment rate was 9.7% for high school grads; 5.2% for college grads with BAs. The other side of the coin is cost: Tuition is getting too expensive for some people, and we are perhaps seeing a "bubble" in education similar to real estate.

    Yet another story suggests that private businesses in health care and education contributes to bubbles:

    Higher-education bubble: Blowing up grad school | The Economist

    Both stories intend to stimulate a dialog on the issues rather than provide answers.

    I tend to like the idea of a young person getting a Masters in a chosen field, then getting a Masters in finance/marketing. Then starting a business rather than seeking employment. Why push someone else's cart? And you can't fire yourself.
     

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