| > In the words of Syndrome "if everyone is super, no one is". If every one has a BS/BA , masters, PHD then in a real sense no one really does. This is a very small minded view of the world. If I have a PhD, and everyone else does too, it's like I don't have one? No! I learned many things during my PhD, and that knowledge doesn't disappear because others have more knowledge too. It seems the only thing you consider is jobs, but even there you're wrong. The job market is not zero sum. > Yet governments may actually be overestimating the economic benefits of higher education. While universities are places of learning, they are also social sorting mechanisms. Yes, so? The universities being a social sorting mechanism does not stop them from also being places of learning. This is American anti-intellectualism 101. |
But I do think that the social signalling aspect is the dominant factor for most people's decision to get higher education. Imagine a world in which it was mandated that degrees were not allowed to be made public, to employers or anyone, and the presence or absence of a formal degree was not allowed to be a deciding factor in employment. Employers would likely find informal proxies to test for skills (either basic competence or specialized knowledge). Would-be students probably wouldn't go to college. And there's nothing wrong with that, because most jobs -- and most people's lives -- don't need the kind of degreed education that colleges are providing.