Re:The Lasting Consequences of Student Debt
by snarf21 on Tuesday April 04, 2017 @11:13AM
(#14033473)
It is very unfortunate that this happened and was a perfect storm. Money for college loans became too easy and too lucrative and made the supply of college educated workers too large for the demand. This also happened at the same time that good paying non-college jobs started to decline, mostly to automation and partly to globalization. Then students said, "Well, I'll invest more and get a Masters" and then there were too many of them, plus all the extra debt. In a lot of verticals, the same has happened with the PhD.
Software really is eating the world and we need to find a solution or it will eventually lead to revolt as people will have no other option. If someone isn't going to college for something medical or STEM, they shouldn't bother. Go learn a trade or start a small sole proprietor business while you live at home.
Re:The Lasting Consequences of Student Debt
by lr4444lr on Tuesday April 04, 2017 @11:37AM
(#14033784)
And as a corollary, the humanities that escape the downsizing can purge themselves of the downward drag of people who aren't cut out for college work, and raise their standards again.
Software really is eating the world and we need to find a solution or it will eventually lead to revolt as people will have no other option. If someone isn't going to college for something medical or STEM, they shouldn't bother. Go learn a trade or start a small sole proprietor business while you live at home.