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by throwaway894345
1525 days ago
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I don't think it's as malicious as you're implying. Educators went to school at a time when people who went to college earned dramatically more than those who didn't and they were pretty much guaranteed job placements. That's still true today in aggregate, although probably to a lesser extent. They also didn't anticipate that universities would become predatory with respect to ballooning costs and stagnating or declining educational quality. Moreover, they didn't realize that the kids they were referring to college were part of a flood of students who would saturate the job market with degree-holders (lowering the value of a degree with respect to job placement). Further still, they didn't know that the subprime mortgage bubble existed much less that it would burst in '07-'08. |
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