Does college pay? It will for the Stanford engineering graduate, but not for the fine arts major from an unselective college — and even less for dropouts. “With unemployment among college graduates at historic highs and outstanding student-loan debt at $1 trillion, the question families should be asking is whether it’s worth borrowing tens of thousands of dollars for a degree from Podunk U. if it’s just a ticket to a barista’s job at Starbucks,” writes Jeffrey Selingo. Meanwhile, workers with community college degrees in technical fields are doing quite well in the workforce.
Most of the fastest-growing jobs don’t require a degree, but don’t pay well either. Personal care and home health aides average less than $21,000 a year and “helpers” in construction aides average less than $30,000.