brerrabbit
Sixth Generation Native Texan
- Joined
- May 12, 2000
- Messages
- 2,609
Well thanks to that college degree and the MBA I got I see the problem as really being this: In economics and finance we studied the idea of supply and demand and a lot and the current problem boils down to there being a ton of supply, people looking for good employment opportunities vs a smaller demand, the availability of good employment opportunities. As a result the price of entry to the market (getting a reasonably good shot at an interview) has increased. The price of entry is a college degree. If the trend continues which is likely the cost of entry in certain areas will continue to increase and include the cost of a graduate degree. The undergraduate degree also afford more options because a change of careers could then be achieved in graduate school which requires generally less time than a new 4 year bachelors degree.
Unfortunate side effects of the price of entry includes more people attending college, which increases cost, the dumbing down of some curriculims, and the need for more prerequisites to thin the population more resulting in less meaningful college course.
I tend to look at a lot of issues in these terms. Again the unfortunate outcome of my education. One can equate the reason that Teachers are underpaid by many peoples standards is explainable this way. Summers off and the idea that prior to our current financial problems a teaching job was a job for life lead a larger number of college bound students to pursue that avenue. Therfore to manage the numbers with the large supply the value (salary) of the product (Teachers) was held down thus discouraging many from pursuing that opportunity. Obviously this has changed with the recession but you get the idea.
Unfortunate side effects of the price of entry includes more people attending college, which increases cost, the dumbing down of some curriculims, and the need for more prerequisites to thin the population more resulting in less meaningful college course.
I tend to look at a lot of issues in these terms. Again the unfortunate outcome of my education. One can equate the reason that Teachers are underpaid by many peoples standards is explainable this way. Summers off and the idea that prior to our current financial problems a teaching job was a job for life lead a larger number of college bound students to pursue that avenue. Therfore to manage the numbers with the large supply the value (salary) of the product (Teachers) was held down thus discouraging many from pursuing that opportunity. Obviously this has changed with the recession but you get the idea.

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