Reply to Why Do We Keep Pushing Four Year Colleges for All Students?

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[quote=Anonymous][quote=Anonymous]I'm not going to argue with those who see no value in an education.[/quote]
And I *shouldn't* be arguing with someone who has no concept of the most basic economics, but here goes.

Right now we're pushing people into college, and debt, who would be better off not going. The six year graduation rate is 59% overall. At open admission colleges (where most of these folks will go when pushed), the rate is 32% vs 88% at selective colleges. (NCES.ed.gov) This means a lot of people are putting money into degrees they won't finish and that the education system is over built (and therefore more costly) than it needs to be.

Think what would it would mean if magic happened and suddenly everyone was a college graduate. Would everyone suddenly be making above average incomes? Nope, you'd have college educated burger flippers and pay for higher paid professions would drop due to market saturation. A country where everyone goes to college and gets a degree would be so mind bogglingly disastrous, and is extremely contrary to even the most basic economic principles. [/quote]

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