College Degrees — The Business of College vs. the Reality of Graduate Jobs

Two articles caught my eye this morning with divergent messages for Idaho Legislators, Taxpayers, and college students.

The first sets out the income reality, debt, costs, and current job prospects for college grads when “(n)early 50 percent of recent college graduates are working in jobs where a college education isn’t typically required.”

Is the other 50 percent enough justification for perpetually increased taxpayer expenditures on colleges?…reers

The next article sets out the perceived need for a higher education because a degree has “… the most immediate economic impact on a community.”

Just what is the economic impact on a community if Idaho taxpayers throw another, say, $5 million a year at higher education?….html

The Statists (and the institutions themselves) would have us believe that increasing ‘investment’ of taxpayer money in higher education is the only way to keep student costs and debt down while improving our economy for the future.

Is this necessarily true? And where is the statistical basis for the “immediate economic impact”?

This is, of course, just another complex issue, but this isn’t the economy of the sixties nor is it even of the 20th Century. Is increased allocation of taxpayer money in anything, let alone colleges, always an overall societal benefit? Is it that simple?