I'd like to thank those who helped most - Susan of Texas, Crooks & Liars; and most of all, Kate Beckinsale's Butt Implants.
And, as always at a
Which in this case, sadly means having to deal with Megan McArdle. Oddly enough she states a lot of obvious truths. College is wasteful, and getting more expensive. Credentials have no inherent value. We graduate way too many lawyers.
So, simply because it's McArdle, does that mean it's rubbish? Of course it does!
First, to state the bleeding obvious - is going to work in a coal mine at 18 how you want to spend your life? Isn't there value in taking a couple years to get perspective and have a little fun?
Second - Blaming the victim!
Eighteen-year-olds demand amenities—high-speed Internet, well-upholstered classrooms, world-class fitness facilities—and in order to stay competitive, college administrators happily provide them. Then they raise the tuition for which the 18-year-olds are obediently borrowing the money.
Yes! Administrators pay themselves 6 & 7 figure salaries because The Kids Demand It!
Third - Why do people without degrees do so poorly?
Because entitled bozos like McArdle make sure that the Lower Orders are prevented from banding together and claiming a decent wage commensurate with their contribution.
And the chance of really doing well without a degree remains near zilch:
Alas, this is more important than any of that:
running on coal. Either they hit the wall soon, or global warming gets Sofa King out of control we go into cannibal meltdown.