Do We Spend Too Much on Education?
In 1970, an applicant with a college degree was among an elite 11 percent, but now almost 3 in 10 adults have a degree. Given that a high school diploma, a bachelor’s degree and even graduate school are no longer a ticket to middle-class life, and all these years of education delay the start of a career, does our society devote too much time and money to education? Discussions: “College Doesn’t Create Success” by Peter Thiel, co-founder of PayPal; “A Smart Bet, but No Guarantee” by Judith Scott-Clayton, education economist, Columbia University; “Spending Triples; Results Slide” by Richard Vedder, director, Center for College Affordability and Productivity; “Investing in a Better Life” by Cecilia E. Rouse, education economist, Princeton University ;”A Good Use of a Few Years” by Jeffrey Jensen Arnett, professor of psychology, Clark University; “Spend Smarter, Not Less” by Stephen Joel Trachtenberg, president emeritus, George Washington University; “Tailoring to Students’ Interests” by Sandra Stotsky, professor of education reform, the University of Arkansas; “Is It a Priority to Teach the Poor?” by Pamela Burdman, education policy analyst ; and “Preparation for Work” by Barbara Hofer, professor of psychology, Middlebury College.
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by Peter Thiel, Judith Scott-Clayton, Richard Vedder, Cecilia E. Rouse, Jeffrey Jensen Arnett, Stephen Joel Trachtenberg, Sandra Stotsky, Pamela Burdman, Barbara Hofer, The New York Times.