But, say you dropped out of high school and went to work full-time at a local factory making $16 hour. You stay at the job, live at home for five years, meanwhile you get annual raises eventually bumping up your salary to $32 an hour. But you've got no debt because you never went to college and your parents let you use there beater of a car to go to and from work each day. Eventually you're promoted to a management position and you're making $50 an hour. Still no debt. Over the course of 10 to 15 years you've made close to $200,000. Meanwhile your friend from high school went to an expensive college that required loans to pay for. Once he graduates, he must take the first job offered to him regardless of it's quality because THOSE LOANS MUST BE PAID. Intrest on those college loans grow exponentially, so if he's not paying them off, that college is costing even more. He's forced to live at home just to make ends meet and his resume is going nowhere because he's got a crappy job. Over the same 10 to 15 year period, he'll make $50,000 to $75,000 in actual money.
Just a thought, I could be wrong or this could be a meaningless hypothesis.

• Posted at 2:20 PM | By  Moderator

I think there's also a lot of hype around the MBA thing, in that a lot of people take their MBA's but don't end up a lot better than they could have without it.
Also, a diploma doesn't really mean you know anything. A lot of businesses concentrate more on what diplomas people have rather than what they actually know and can prove in a job test period.

• Posted at 10:49 PM | By  Anonymous

(a) Grant Miller is exactly right.

(b) I liked your line, "Does it worth it?" Um, I'd say not.

(c) Your statistics are misleading at best. The unemployment rate for university graduates is a lot lower than 35.9% -- maybe the field-specific employment, but that's irrelevant. No one with a philosophy BA gets a philosophy job, but plenty of them get law degrees and become lawyers.

• Posted at 6:57 PM | By  Anonymous