Reply to Is a college degree the waste of time and money that some people say it is?

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[quote=Anonymous][quote]I don't know about that. I graduated in 2008 and know quite a few comm/liberal arts people who are struggling to find employment of any type. And I know several non college educated people pulling in 80K-120K a year (which is considered a good salary where I now live)[/quote]

While we all know people like this (I graduated in 2010, so I'm not an old person who has no clue), statically, what I said previously is unequivocally true.  Of course we all know the unemployed liberal arts majors and the person without a degree who makes six figures, but in aggregate, these are outliers.  Someone with a college degree earns on average 17K a year more than someone without a degree, and is four times less likely to be unemployed.  For our generation, the gap between the wages of those with and without a degree has increased even more.  In the past twenty years, the gap has been growing.

While people love to talk about how college can be a waste, if you look at the data, it is a much larger risk to not get a degree at all.  While certainly some majors are more lucrative than others, not everyone is cut out to be an engineer.  Of course, some talented people will find a way to make it without a degree--I certainly know some talented programmers who are like this--I think it's important to recognize that they are outliers.[/quote]

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