Reason, Liberty, & Culture

Employment gap less than high school vs. bachelors degree narrows in 2018.
Employment gap less than high school vs. bachelors degree narrows in 2018.


Why Many People Shouldn't Get a 4-Year Degree

by Lewis Loflin

Let's make hamburger helper out of a sacred cow right: most people should not attend a four year college. Unless one is very smart in math, science, engineering etc. many liberal art degrees are worthless. Even hi-tech jobs are threatened by a deluge of foreign workers imported into the country to displace American workers with cheap labor. In the past government employment created most of the jobs for college graduates, that's over with due to budget problems. Notice the above chart, it's not me, but The New York Times. Look at it real hard!

To quote Dr. Walter E. Williams on the problem of education fraud,

How necessary is college anyway? One estimate is that 1 in 3 college graduates have a job historically performed by those with a high school diploma. According to Richard Vedder, distinguished emeritus professor of economics at Ohio University and the director of the Center for College Affordability and Productivity, in 2012 there were 115,000 janitors, 16,000 parking lot attendants, 83,000 bartenders and about 35,000 taxi drivers with a bachelor's degree.

One must be realistic with their skills and what the jobs market is looking for. See Intelligence Predicts Economic Social Outcome.

We must look at cost versus outcome. Many are claiming one can earn and $1 million over a lifetime with a 4-year degree. Maybe or maybe not. Many liberal art degrees or general degrees won't do that. An imported H1b engineer makes perhaps $30,000 a year something an American citizen straddled with over $100,000 can't afford to take. What about a graduate with a worthless liberal arts degree working as a bartender. Two-thirds of bartenders have a college degree.

According to www.savingforcollege.com a four-year degree will cost the following:

Type of Institution Projected 4-Year Tuition and Fees

Private College: 2012 $127,100, 2030 $362,800

Public/University (in-state resident): 2012 $37,800, 2030 $108,100

2 Years Community College & 2 Years Private College: 2012 $73,700, 2030 $210,400

They also note: "The figures above do not include other costs your child will incur as a college student, such as room and board, books, supplies, equipment, and transportation. These additional expenses can increase your child's cost of attending college by a substantial amount."

I'd further add in the cost of interest on those loans most people get stuck with plus four years or more out of the labor force (at $20-$30,000 a year) those costs could double or triple. All of this in addition to the risk of being replaced by an imported foreign worker.