Don't Buy The Hype, College Educati

Don't Buy The Hype, College Education Is Not An
Investment

By George Leef
Many studies claim that college is “worth it” and “still a good investment.” The
technique of studies is to compare average earnings of workers who have college
degrees with average earnings of workers who don’t and conclude that because the
first group does significantly better, having gone to college was a good investment.

That analysis is misleading. The flaw is that it draws a conclusion about future
conditions (earnings that people who go college now can expect) from data based
on earnings for college graduates going decades back. The future won’t be similar
to the past for many college graduates and telling young people that college will be
a good investment is careless and irresponsible.

In truth, going to college isn’t an investment at all.

No one receives good payment merely for finishing college. Employers do not
reward workers just for having passed enough classes to earn a degree. They reward
workers for their productivity. Going to college might increase a person’s
productivity, but it’s neither necessary nor sufficient for that.

Let’s consider three students to make that point.

Student A was diligent in high school and enrolls in college with an excellent
academic foundation. He concentrates on his work and substantially raises his level
of knowledge and skill. After graduating, he finds a good job in his major field and
continues to advance. For him, college was worthwhile because it helped augment
his human capital.

Student B got through high school with a minimum of effort. He has little interest
in academic pursuits, but still he enrolls in a college because he’s heard that getting
a degree will boost his earnings. Thanks to grade inflation and the weak curriculum,
he finally gets a degree in some undemanding field. After graduating, the best job
he can find is working in a computer retail shop, selling computer peripherals, such
as mice, keyboards, and thumb drrives. He has nothing show for his college years
but a piece of paper and lots of debt.

Student C was a good student in high school, but instead of enrolling in college, she
earns several badges and certifications in things she’s interested in, such as
computer programming and Portuguese. She assembles an online portfolio with
those and other material showing what she can do. Shortly after her 20th birthday,
she’s offered a job by a Brazilian importer that needed a capable American
representative.

To conclude, having that degree was a competitive advantage in landing a job, but
success always depended on personal performance rather than educational pedigree.
College itself isn’t an investment, just one way of increasing your value.

George Leef is Director of Research at the John W. Pope Center for Higher
Education Policy. He is a gradufate of Carroll University in Wisconsin and Duke
University Law School.

ผลลัพธ์ (มัลทีส) 1:

M'għandekx Buy Il Hype, Edukazzjoni Kulleġġ Jinsab Mhux An
Investiment Billi George Leef Bosta studji jsostnu li kulleġġ huwa "worth it" u "xorta investiment tajjeb." Il- -teknika ta 'l-istudji huwa li jitqabblu dħul medju ta' ħaddiema li għandhom kulleġġ gradi bi dħul medju ta 'ħaddiema li ma jagħmlux dan u jikkonkludu li minħabba li l -ewwel grupp ma aħjar b'mod sinifikanti, wara li marret għall-kulleġġ kien investiment tajjeb. Dik l-analiżi hija qarrieqa. L-difett huwa li jiġbed konklużjoni dwar futuri kundizzjonijiet (qligħ li nies li jmorru kulleġġ issa tistenna) mill dejta bbażata fuq il-qligħ għall-gradwati kulleġġ deċennji jmorru lura. Il-futur mhux se jkun simili għall-passat għal ħafna gradwati kulleġġ u tinforma lin-nies żgħażagħ li kulleġġ se jkun investiment tajjeb huwa Ŝejjed u irresponsabbli. Fil-verità, se kulleġġ mhix investiment fil-livelli kollha. Ebda wieħed jirċievi ħlas tajba sempliċement għall-irfinar kulleġġ. Min iħaddem ma jippremjaw ħaddiema biss talli klassijiet għaddew biżżejjed biex jaqilgħu grad. Huma tippremja ħaddiema għall-produttività tagħhom. Se kulleġġ jistgħu jiżdiedu ta 'persuna produttività, iżda huwa la neċessarja u lanqas biżżejjed għal dan. Ejja jikkunsidraw tliet studenti li jagħmlu dak il-punt. Student A kienet diliġenti fl-iskola għolja u enrolls fil-kulleġġ ma 'eċċellenti fondazzjoni akkademika. Huwa jikkonċentra fuq ix-xogħol tiegħu u sostanzjalment tqajjem livell tiegħu ta 'għarfien u ħiliet. Wara li jiggradwaw, isib xogħol tajjeb fil-qasam ewlieni tiegħu u tkompli bil-quddiem. Għalih, kulleġġ kien utli għaliex għen jkabbru l-kapital uman tiegħu. Student B kisbu permezz iskola għolja b'minimu ta 'sforz. Huwa għandu ftit interess fil pursuits akkademiċi, iżda xorta huwa enrolls fil-kulleġġ għaliex hu sema 'li jkollna grad se jagħtu spinta lill-qligħ tiegħu. Grazzi għall-inflazzjoni grad u l-kurrikulu dgħajfa, huwa finalment gets grad f'xi qasam m'humiex iebsa. Wara li jiggradwaw, l-aħjar impjieg huwa jista 'jsib qiegħed jaħdem fil-ħanut bl-imnut tal-kompjuter, bejgħ periferali tal-kompjuter, bħal ġrieden, tastieri, u drrives thumb. Huwa għandu xejn juru għas-snin kulleġġ tiegħu , iżda biċċa karta u lottijiet ta 'dejn. Student C kien student tajjeb fl-iskola għolja, iżda minflok li rreġistraw fil-kulleġġ, hi jaqla diversi badges u ċertifikazzjonijiet fl-affarijiet hi interessat fi, bħal kompjuter ipprogrammar u l-Portugiż. Hija timmonta portafoll online ma 'dawk u materjal ieħor li juru liema hi tista' tagħmel. Ftit wara birthday 20 tagħha, hi tal offruta impjieg minn importatur Brażiljan li hemm bżonn ta 'American kapaċi rappreżentattiv. Biex wieħed jikkonkludi, li dak il-grad kien vantaġġ kompetittiv fis inżul xogħol, iżda s-suċċess dejjem tiddependi fuq il-prestazzjoni personali pjuttost milli pedigree edukattiv. College innifsu mhix investiment, biss mod wieħed ta 'żieda valur tiegħek. George Leef huwa d-Direttur tar-Riċerka fil-John W. Papa Center for Higher Education Policy. Huwa gradufate ta Carroll Università Wisconsin u Duka Università Law School.