Good Jobs Often Not Matter of College Degrees : College A Rip-Off For Many

New Geography reports:

After all, America boosted per-pupil spending on public elementary and secondary education by 327 percent from 1970-2010 (adjusted for inflation) with no rise in student test scores.

As for the effectiveness of college, a recent Rutgers University report found that barely half of college graduates since 2006 had full-time jobs. And it's not getting better: Those graduating since 2009 are three times more likely to not have found a full-time job than those from the classes of 2006-08. Since 1967, notes one 2010 study, the percentage of underemployed college graduates has soared from roughly 10 percent to more than 35 percent.

What we need to do is rethink the notion, supported by President Obama and others, that the solution to our education woes primarily is “more.” More what? What are the job prospects for the new crop of ethnic-studies majors, post-modern English graduates and art historians, for example, particularly those from second-tier institutions? These kind of liberal-arts degrees are, as the New York Times recently reported, that tend to earn graduates the least, while those degrees that pay the most are largely offered by schools aimed at technology, mining and other “hard skills.”

Another great one from Joel Kotkin.