the familiar assumption — graduate from college and prosperity will follow — has been disproved in this century.I have been warning students about that broken relationship ... for years. The American Dream is not a guarantee, when all over the world people are working hard to achieve their own versions of the American Dream. But, hey, nobody listens to me :(
The editorial continues with this:
The problem is that the economy does not produce enough jobs that require college degrees. Private-sector white-collar jobs can increasingly be moved offshore and automated, while public-sector jobs that require degrees, notably teaching, have been decimated by deep layoffs and feeble hiring. Business investment and consumer spending have suffered in the busts of recent decades, and government spending has not picked up the slack, leading to chronic shortfalls in demand for goods, services and employees. One sign of the downshift is that much of the recent job growth has been in lower-paying occupations. Worse, there is little evidence of a turnaround. In the past five years, postings for jobs that do not require a college degree have steadily outpaced postings for those that do.I have been worrying about this forever, it seems like. As I noted recently, quoting from my op-ed from four years ago, "I try to make students understand that any job that can be sent to a different country will be sent, and that any job that can be automated will be automated." But, who listens to me, right?
The result is lower-quality jobs and lower pay for college graduates. Take, for example, the roughly one-third of college graduates who spend their work lives in jobs that do not require a degree.
In fact, in the summer of 2007, I attacked the college hype itself--the first of my op-eds along these lines was published, and the title says it all: "Does U.S. oversell college?" To which an academic in town authored in the same paper a knee-jerk response filled with cliches about the virtues of a college degree and while attacking me. Oh well ... Apparently he listened to me!
Reading those sentences in the NY Times convinces that me all the more that if I, a nobody at a podunk university, have been correctly reading the tea leaves for years, then certainly the truth was right there, staring at all of us. Either we chose to ignore it--denial--or it was one heck of a conspiracy to hide the truth that is finally coming out into the open. "I told you so" is of no use at this point!
I do a full-disclosure of sorts in classes and when talking with students. I tell them that earning an A in my class would not even get them a cup of coffee at Starbucks. It will not directly lead to a job, I tell them. But, if they paid attention to my approach, which might seem like Mr. Miyagi's "wax on, wax off" instructions to the kid who wanted to learn karate, then it will all work out, I assure them. But then--you know what is coming now--nobody listens to me!