Think about it, if you ever want any success in having a high pay job you need to go through countless loops and hoops to ever achieve it through schooling. To become a doctor you need like 8-9 years of schooling with god knows how much tuition you will paying at the end of it(especially in the united states). I think this system is relativity outdated I mean what the fuck is the point of undergrad degrees if you don't actually bring you to where you want to go? those are precious years of human life we will never get back it just seems unreasonable.
this is a problem that has fascinated me:
economically speaking, the purpose of education is to put a small pile of resumes on the desk and a larger pile of resumes in the trash can. as a result:
- your level of education is only as meaningful as it is rare relatively to demand. the higher the ratio of diplomas per job, the higher the requirement get.
- the higher the requirement get, the more critical the investment in education becomes, so more people invest in it, the higher the demand for diploma's get.
- the higher the demand for diplomas get, the more expensive the diplomas becomes, and the bigger the loans they need, the longer they'll stay in debt.
this inflation seems to just be getting bigger and bigger, and unless there's some huge system overhaul, it's not going away. within the current system, the only way to change the curve is to increase job growth relatively to the population growth - the more jobs you have per field, the lower you'll go to get people to fulfill those jobs. but job growth is restrained by the cost of employment - theoretically you can always get people together to provide a service for a lower price, and the economy would shift to enable people to gain those services at lower prices. but we have systems to prevent that - minimum wage laws, health coverage laws, calculated legal risks per employee, etc. in a global economy, countries with a higher ratio of certifications per minimum employment fees are going to gain most of the job growth.
i've looked into online education as a solution, but i think it will actually make things worst in a sense - more and more colleges are going to expect students to already have an online education (in addition to their own) prior to certification, while companies that recognize online education certification on it's own right are going to have an even larger pool to get from countries that have a lower employment cost.
i think right now, much of the economy might have to shift to freelancing and personal contracts that enable loopholes within the minimum employment cost. atm this is restricted to online services and sites like taskrabbit, but the problem is that many larger and more critical fields aren't as easily distributed without loosing cost-effectiveness.