“We should be doing everything we can to put a college education within reach for every American,” President Barack Obama told Denver college students last week. “College isn’t just one of the best investments you can make in your future. It’s one of the best investments America can make in our future.”
College is a good investment only if students get high-tech degrees, responds Michael Graham in the Boston Herald. The “Everybody gets a cupcake” crowd doesn’t get it, he snarks.
In 2009, American colleges handed out more business degrees than engineering, computer and biology degrees combined. We graduated about the same number of engineers as we did “Visual And Performance Arts” grads.
. . . What the crybabies of Generation Cupcake want — a good paying, white-collar job right out of college — is available . . . if you’re willing to do the hard work of earning a valuable degree. But because these little snowflakes can’t do calculus, they end up burying themselves under 50K in college debt for a degree in Womyn’s Studies.
Half of current college kids are “mediocre students” who will earn “meaningless degrees” and “wind up working as the assistant manager at a TGI Fridays.”
Who ends up getting screwed? The rest of the students who actually belong in college. Because demand is artificially high, so are college costs — up 8.3 percent in just the past year at public colleges.
And because there are so many more degree holders, each degree is worth less.
Actually, there are very few Womyn’s Studies majors and the average college debt per bachelor’s degree remains under $30,000, though estimates keep rising. Business is a very popular major because students think it will get them that good white-collar job. Mediocre students in math-lite, writing-lite business majors will be lucky to make assistant manager at TGI Fridays.
Update: STEM graduates often take jobs in business, finance, consulting and health care, where the pay is considerably higher for people with quantitative skills, according to the Wall Street Journal‘s Generation Jobless series.