“For years, you’ve heard about the importance of a college education and were told that any job worth having required one. You heard that higher education was scarce, and a degree in any subject would set you apart from the competition. And, once upon a time, it was true—but in 2013, it’s not.
The current employment crisis is only partly due to the recession. Another part of the problem is that there are fewer and fewer science, mathematics and engineering graduates and more and more art, psychology and communication graduates. Since we are in the midst of the technology revolution, those numbers should be reversed.
A recent study from Georgetown University showed that liberal arts degrees were accompanied by low wages—for the duration of the employee’s career. A college graduate with a bachelor’s degree in art earns about the same salary as a community college graduate. That means those last two years at a four-year school have no value on the job market.”