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College Education: The Traditional Wisdom Is Wrong

One of US’s most stable myths are that if the more people graduate from college, than the more the economy will grow. For very long time, politicians and higher education leaders have developed that notion.
For instance, in the first famous speech President Obama said that to build a stable economy, we need to increase the percentage of the people that has earned university degrees.

The concept is well, but it is mistaken. We cannot grow the economy up with the help of increased spending on college education, even if those help to increase amount of people with university degrees, which it won’t.

People often connect success in college or university with general success in life. And accordingly, people who achieved college degrees earned more than those who don’t. Based on the information, many Americans believe in a pair of illogical conclusions: that success in college determined the successful to be successful, and second that those who don’t go to college can become successful if only we would spend the money to put them through.

Successful people used their intelligence and drive to become successful, but not the fact that they finished enough subjects to get credits for their degree.

Contrarily, we attract huge amount of young Americans to attend college these days with the idea that if they earn their degree, they will enjoy a large earnings boost.

Unfortunately, high school grads do not learn even the most basic life tools – students don’t read well, don’t write well, and cannot solve basic math.

Most professors and politicians want to make us believe that higher education spending can stimulate the economy. The problem with this statement is that you can find a small connection between how much country spends on college education and how much human capital it can get. In fact, the relationship between state college education spending and economic growths can be negative. As huge government spending on university does nothing with actual teaching of undergraduates with necessary knowledge and skills.
Some readers may think about that nowadays more and more work positions need a college degree. In credentials sense companies often insist that applicants should have a college degree if they want to be considered, even for positions that don’t require any education skills.

However, in the knowledge sense there are few entry-level jobs that require such knowledge that graduates are not able to learn. Contrarily, many young people are forced to spend many years and big amounts of money in obtaining not very necessary degree. An even after achieving degree, many feel lack of basic skills that companies are desperately is looking for.

The US certainly have a serious education problem, namely because for many students, their 12 university years make them absolutely unprepared for the work or secondary education. And rising of state spending on college education is a costly and ineffective way to deal with it. Therefore, more and more students begin investing in more affortable online education programs.