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Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: College degree value||Date: 5/1/2013 5:03 PM|
|Author: SeattlePioneer||Number: 49254 of 64899|
<<1 - Are there too many people getting college degrees? Will the countries that dominate world economics in the future need fewer people with advanced education? I find this idea ludicrous. In a world economy, knowledge and expertise has significant value wherever it occurs. Limited knowledge and expertise limits participation in the global economy to menial labor pursuits.
This is your own bias. A glut of anything reduces its economic value.
There have been plenty of countries that have graduated a glut of college graduates, many of whom became public nuisances because they couldn't find suitable work.
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