As I mentioned in an earlier post, the local university is transitioning to a trimester system so that students can theoretically obtain their bachelor’s degree in three years. This is a bit of a misnomer, because there are certain degrees where that’s likely to be impossible, given the technical content and other requirements, and the university is soft-pedalling those possibilities for the moment.
One of the other aspects of this “degree speed up” that bothers me, and more than a few in the higher education community, is that the push for getting degrees faster represents the commodification of higher education and the fact that the emphasis is getting to be more and more upon the degree as a credential. In turn, these forces represent a growing mindset that having that degree is a guarantee of a better job and higher income.
While statistics show that this correlation was true in the past, there’s an old saying that correlation is not causation.
The fact is that higher education represents an opportunity for economic and personal improvement, but even in the past it was not an absolute guarantee of either, or necessarily of economic success. Today, and in the years to come, with the growing glut of college degrees among the younger generation, blanket economic opportunity for degree holders is certainly not guaranteed. Some studies indicate that, today, there are twice as many college graduates each year as there are jobs for them that require a college degree. After WW II, by comparison, only about ten percent of high school graduates received a degree, while now seventy percent of all high school graduates go to college, and four in ten Americans have at least an undergraduate degree.
The one guarantee that does exist is that those Americans without either higher education or specialized technical or trade training will be largely frozen out of decent-paying occupations, but with the growing number of college graduates, the increase in computerization and automation of many former white collar jobs, the number of higher paying jobs is not growing nearly as fast as the number of graduates seeking those jobs.
And that means that a college education isn’t nearly the guarantee of economic and professional success it once was, and far less of a guarantee than people now believe. It’s more like a high-priced gamble where the odds are only slightly in favor of the degree holder.