Mainstream Press Notices Devaluation of College Degrees
Slowly the realization is spreading: America has oversold higher education. This Time story quotes Marty Nemko, who says, “That piece of paper no longer means very much, and employers know that. Everybody’s got it, so it’s watered down.”
My quibble is that the piece treats college education as a monolith. It isn’t “the college degree” that has lost value. They’re as valuable as ever for hard-working students who are focused on learning something. The trouble is that many college students these days simply coast along, accumulating the necessary credits in a jumble of courses that don’t require much effort. We have a big oversupply of that sort of graduate.