Friday, August 23, 2013

Quote of the Day

Economist Richard Vedder, being interviewed by Allysia Finley for The Wall Street Journal, on the topic of college cost containment. One problem Vedder sees:
Thirty-percent of the adult population has college degrees. The (U.S.) Department of Labor tells us that only 20% or so of jobs require college degrees. We have 115,520 janitors in the United States with bachelor's degrees or more. Why are we encouraging more kids to go to college?
We've too many English majors, Communications majors, and Women's Studies majors. Or for that matter, History majors and Philosophy majors. A few of these can become high school teachers, a thankless task.

As we have noted in earlier blogs, the baccalaureate was a mark of distinction when it was rare, it is no longer rare. Now it behooves a young person to pick a major for which there are employers recruiting. Accounting, finance, or computer science, teaching, or perhaps nursing have been examples within recent memory.