{"id":324353,"date":"2021-08-14T15:40:24","date_gmt":"2021-08-14T12:40:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/more-students-chasing-graduate-degrees-isnt-good-for-society\/"},"modified":"2021-08-14T15:40:24","modified_gmt":"2021-08-14T12:40:24","slug":"more-students-chasing-graduate-degrees-isnt-good-for-society","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/more-students-chasing-graduate-degrees-isnt-good-for-society\/","title":{"rendered":"#More students chasing graduate degrees isn&#8217;t good for society"},"content":{"rendered":"<p>&#8220;<strong>#More students chasing graduate degrees isn&#8217;t good for society<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Between 1980 and 2017, the share of adults with at least a four-year college degree <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hamiltonproject.org\/assets\/files\/increasing_college_completion_with_federal_higher_education_matching_grant_pp.pdf\">doubled<\/a>, from 17 percent to 34\u2009percent. The Great Recession intensified the trend; from 2010 to 2019, the percentage of people 25 and older with a bachelor\u2019s degree or higher increased by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nces.ed.gov\/programs\/coe\/indicator\/caa\">6 percentage points<\/a>, to 36 percent, where it sits today.\u00a0<\/p>\n<p>At the same time, the college degree is declining in status. It\u2019s not just metaphorical to say that a master\u2019s degree is the new bachelor\u2019s degree: about 13 percent of people aged 25 and older have a master\u2019s, about the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2011\/07\/24\/education\/edlife\/edl-24masters-t.html\">same proportion<\/a> that had a bachelor\u2019s in 1960.\u00a0<\/p>\n<p>A graduate degree is enticing for various reasons. Not only does it give the recipient bragging rights, it helps find stable employment, gives more of a boost into higher-level positions and, most decisively, leads to a fatter paycheck. While workers holding a bachelor\u2019s degree can no longer expect higher earnings as much as they once did, master\u2019s graduates have been h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ily watching their salaries rise. As a result, more graduates with a BA have crowded the high-end labor market, causing even more students to pursue a master\u2019s or Ph.D.\u00a0<\/p>\n<p>This paper chase has put young people and their parents in a demoralizing, self-perpetuating arms race. Postgraduate degrees are expensive, which usually means student loans. Though graduate students are only 19 percent of student borrowers, they account for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.americanprogress.org\/issues\/education-postsecondary\/reports\/2020\/01\/13\/479220\/graduate-school-debt\/\">40 percent<\/a> of student debt.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/what-now-graduates.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Bachelor\u2019s degree holders can no longer expect higher earnings as much as they once did.\" class=\"wp-image-19125562\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/what-now-graduates.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/what-now-graduates.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/what-now-graduates.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bachelor\u2019s degree holders can no longer expect higher earnings as much as they once did.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>But for American society as a whole, this hyper-credentialism is a slow-motion disaster, with the biggest losers at the bottom of the labor market. Many jobs that used to be available to high school grads only a decade or two ago now demand at least a four-year degree, bringing more despair in working-class communities and more polarization in the country. According to The Wall Street Journal, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/american-factories-demand-white-collar-education-for-blue-collar-work-11575907185\">more than 40 percent<\/a> of manufacturing workers now have a college degree, up from 22 percent in 1991.\u00a0<\/p>\n<p>Degree inflation also widens the nation\u2019s class divide. The prospect of debt deters low-income students from pursuing degrees that could lead to a lucrative career, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.asanet.org\/inequality-and-opportunity-perfect-storm-graduate-student-debt\">according to a 2020 paper<\/a>, \u201cInequality and Opportunity in a Perfect Storm of Graduate Student Debt.\u201d\u00a0<\/p>\n<p>Universities are the prime culprit in driving this hyperactive credentialism. Over the past decades, many colleges have struggled to balance their books amid state cuts, regulatory requirements and a customer base resistant to hikes in already obscene tuitions. Graduate programs are their solution to the cash shortage: Graduate students can borrow considerably more federal money than undergrads can.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/job-apprentice.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Both young people and their parents yearn for alternatives to college, such as apprenticeship programs.\" class=\"wp-image-19125580\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/job-apprentice.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/job-apprentice.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/job-apprentice.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Both young people and their parents yearn for alternatives to college, such as apprenticeship programs.<\/figcaption><figcaption><span class=\"credit\">Shutterstock<\/span><\/figcaption><\/figure>\n<p>Meanwhile, employers, universities and students seem to have convinced themselves that credentials are a proxy for skills. But as the Urban Institute\u2019s Robert Lerman <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=lmG1oqZoEE4\">observes<\/a>, an academic\u2019s idea of \u201cskills\u201d doesn\u2019t really provide trade workers \u2014 or, say, occupational therapists \u2014 what they need in order to do their jobs well.\u00a0<\/p>\n<p>The next generation is desperate for alternatives to higher education, such as technical training and apprenticeships, and parents want these options, too. Gallup found that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/news.gallup.com\/poll\/344201\/nearly-half-parents-noncollege-paths.aspx\">46 percent<\/a> of moms and dads prefer other secondary options to college for their kids \u201ceven if there were no barriers to their child earning a bachelor\u2019s degree.\u201d In other words, even if parents easily could afford a college degree, almost half would prefer their children to take a different educational route.\u00a0<\/p>\n<p>And yet, Annelies Goger of the Brookings Institution found that federal funding for public colleges and universities was $385 billion in 2017\u201318, compared with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.brookings.edu\/research\/desegregating-work-and-learning\/\">$14 billion<\/a> for employment services and training.\u00a0<\/p>\n<p>Like so much else with higher education, the math just doesn\u2019t make sense.\u00a0<\/p>\n<p><em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.city-journal.org\/contributor\/kay-s-hymowitz_90\">Kay S. Hymowitz<\/a> is a City Journal contributing editor, the William E. Simon Fellow at the Manhattan Institute, and the author of \u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.manhattan-institute.org\/manningup\/\">Manning Up: How the Rise of Women Has Turned Men into Boys<\/a>.\u201d This piece is adapted from City Journal.<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/08\/14\/more-students-chasing-graduate-degrees-isnt-good-for-society\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#More students chasing graduate degrees isn&#8217;t good for society&#8221; Between 1980 and 2017, the share of adults with at least a four-year college degree doubled, from 17 percent to 34\u2009percent. The Great Recession intensified the trend; from 2010 to 2019, the percentage of people 25 and older with a bachelor\u2019s degree or higher increased by&#8230;<\/p>\n","protected":false},"author":1,"featured_media":324354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/college-graduates.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[114240,67890,83176,72134],"class_list":["post-324353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-14-21","tag-college","tag-college-degree","tag-debt"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=324353"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/324353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/324354"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=324353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=324353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=324353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}