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by g_sch 2239 days ago
I think the idea that workers need "profitable" degrees to work "profitable" jobs isn't as obvious as you think.

It used to be said that a college degree was a ticket to a well-paying job. Now, a few decades later, we're told to get a STEM degree, because other degrees are worthless. Who's to say that the criteria won't get even narrower in the future?

Degrees aren't a symbol of skill nearly as much as they are a way for the market to allocate well-paying jobs, and the allocation is getting smaller all the time.

2 comments

> It used to be said that a college degree was a ticket to a well-paying job

I have never actually heard this said. Can you provide some sources or any kind of quote for this? I've heard references to this having been said, but never an actual source.

This is anecdotal, but even my older family members saw college as meeting gating requirements for some jobs, not a promise of getting those jobs.

> Now, a few decades later, we're told to get a STEM degree, because other degrees are worthless.

I don't think a STEM degree promises you a job, nor is a STEM degree inherently valuable unless you otherwise have the qualifications to work in a STEM field.

> Degrees aren't a symbol of skill nearly as much as they are a way for the market to allocate well-paying jobs

They're a form of gating, agreed.

> and the allocation is getting smaller all the time.

That's not clear. For some fields like being a Doctor that seems to be true, but for many fields like being an engineer that's obviously not the case. That being said, I would be surprised if there's a compiled data set that accurately tells us one way or another - the BLS data might be the closest.

> I have never actually heard this said. Can you provide some sources or any kind of quote for this? I've heard references to this having been said, but never an actual source.

This is like asking for a source for the expression "You get what you pay for". There isn't a source - it's a folk saying. That doesn't make it either right or wrong, it's just a thing some people say.

> I have never actually heard this said

I usually heard it phrased slightly differently: "Without a college degree you will be stuck doing low wage work."

>It used to be said that a college degree was a ticket to a well-paying job. Now, a few decades later, we're told to get a STEM degree, because other degrees are worthless. Who's to say that the criteria won't get even narrower in the future?

A degree was never a ticket to a well paying job. Showing that you have critical thinking skills and the ability to learn and a base level of organization/discipline in your life is what a degree might have meant when they were more rigorous and scarce.

Now that there are a billion schools offering a billion bullshit degrees in exchange for money, one way to cut through that is to bet on people who can do calculus and chemistry and physics, as those are better measures of analytical skills and whatever else employers are looking for.