Is Education Becoming Overrated?
I recently read a post: Peter Thiel: We’re in a Bubble and It’s Not the Internet. It’s Higher Education. and it had me thinking back to when I was younger. Education was (and still is) everything to my family. I also image that it’s high on everyone’s list as well.
In an economy that is falling and failing, education appeared to be the only thing that a person could fall back on. It was the one safety net that a person put in place if all other avenue’s fail. But these days, everyone has an education and now most have more than you.
What happens when the job that you want / need that used to require just an Associates or a BA now require a M.A. or Ph.D? It seems that we are educating ourselves out of our own market.
In 15 or 20 years, when our own children are in the market for a job, I wonder what would be the requirement for them, since everyone will have an undergraduate degree. Would education be summed up from applying the knowledge or will just common sense put one person ahead of another?
Based on an exclusion type education that we have now, I’m sure that will still look up for the ultra wealthy and talented. But for the little guys, what would the job market look like?