August 03, 2011
Every bubble breaks, from the one created by the child's bubble wand to the one created by government's association with any entity beyond the Beltway. The real estate bubble, not just popped, but exploded, and the economy has not recovered, nor has government tinkering helped. The next bubble to detonate, as Americans struggle with the basic costs of food, fuel and government gluttony called taxation, is the education bubble.
The cost of a four-year degree is simply too much. How can that be? Let's face it, anyone can go to college now. That statement sounds sinister doesn't it. Let's try it again:
Anyone can go to college.
Hum?
Well, yes, the statement is true. And it has to be true. Federal law says so. No one can be discriminated against. That's a good thing, but why then does the statement: "Anyone can go to college†have a certain obtuse ring? I suspect that most people who are ‘aware' recognized the fact that there are some people who shouldn't be in college. There are some people who should be at trade school or an apprenticeship. Nothing wrong with that. Most people need a plumber before the need a brain surgeon.
Every graduate from high school is exhorted to go to college. A "college education is the only way to get a good paying job.†We know that is simply not true. The college graduate with the psychology or computer science degree working in retail is a prime example of the fallacy of "college education is the only way to get a good paying job.â€
So, what is the problem? The problem is "Anyone can go to college.†Anyone can enter an institution of higher education. Not necessarily a college or university of their choice, but there is some institution somewhere who will accept a student, even if that student barely escaped the bondage of the government mandated public education system. We know the marginal quality and the success of that system. The studies and statistics abound.
The problem with "Anyone can go to college†has lead to education as business or rather Big Education. I'm not even touching on the inappropriate activities of unions involved education or public education's rabid groping for money. I am saying higher education from the state university to the ivied halls. The access to money is out of hand and has been for decades especially when a four-year degree cost tens if not hundreds of thousands of dollars, and the fact that that four-year degree may take five years to earn.
Every year institutions increased their tuition rates, and this coincided with government increases in financial aid. Simple, isn't it? This has been going on for decades. Those days of working one's way through college end about the end of the Sixties, and now, education is big business.
But the jig is up. The economy is in ruins. The government is still spending though there is no money left, and a degree in general studies or history or education for that matter, just isn't worth the personal debt. The bubble will burst, and then numerous academics will join the ranks of the unemployed. How many of them well be suit to perform a productive job? Most people need plumbers.
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