Monday, May 17, 2010

CCAP Making an Impact

CCAP has been making an impact in getting the public to question the mantra that everyone needs to go to college. Several major media outlets have ran related stories recently that included remarks by Richard Vedder. Be sure to read the full stories.

The Associated Press ran a story last week begging the question, College for All? Experts Say bit Necessarily
Richard Vedder blames the cultural notion of "credential inflation" for the stream of unqualified students into four-year colleges. His research has found that the number of new jobs requiring college degrees is less than number of college graduates.

Vedder's work also yielded something surprising: The more money states spend on higher education, the less the economy grows — the reverse of long-held assumptions.

"If people want to go out and get a master's degree in history and then cut down trees for a living, that's fine," he said, citing an example from a recent encounter with a worker. "But I don't think the public should be subsidizing it."
The New York Times' Jacques Steinberg wrote a provocative piece over the weekend entitled, Plan B: Skip College. Several other major outlets picked up on the story, including the SF Chronicle.
“It is true that we need more nanosurgeons than we did 10 to 15 years ago,” said Professor Vedder, founder of the Center for College Affordability and Productivity, a research nonprofit in Washington. “But the numbers are still relatively small compared to the numbers of nurses’ aides we’re going to need. We will need hundreds of thousands of them over the next decade.”

And much of their training, he added, might be feasible outside the college setting.
Professor Vedder likes to ask why 15 percent of mail carriers have bachelor’s degrees, according to a 1999 federal study.

“Some of them could have bought a house for what they spent on their education,” he said.

1 comment:

Tom said...

It was just a few years back that economists like Dr.Vedder were promoting outsourcing of high tech jobs. Claim then was there weren't sufficient number of Americans with skill to do that job. Now the problem is too much education?

Thanks to Dr. Vedder and others who promote outsourcing of good jobs overseas, I will likely end up one of those mail carriers with a degree.