Congratulations on Getting that Masters Degree, Now What Are You
Going To Do?
by Robert Wenzel
rate for 20 to 34 year olds with masters degrees is up to 4.2% from
2.9% in June 2007, according to WSJ.
any sector of the economy that the government has been promoting
aggressively, from housing to education, is collapsing. It is all
a manipulated mess. Think about it. The government has twisted the
American Dream into being about owning a home and getting a "good"
education, even if you can't afford either and don't know what to
do with either if the government hands you the money to get both.
pumped up both products, so that many people using government money,
or government guaranteed money, have bought into the pumped up dream,
without understanding what it is really all about. With out working
and toiling hard for something, they have just grabbed what government
has handed to them. When it doesn't work out, they just walk away.
These people ended up with an inferior product that would have never
appeared in a non-manipulated market.
they bought are falling in price like a rock, some are even being
abandoned. And everyone knows degrees aren't what they used to be,
even graduate degrees. I know a math major who has a PhD and I seriously
wonder if this person knows what the square root of nine is. I know
another person with a masters degree that has no idea of how to
construct a proper sentence. Recently, and I am not making this
up, I had to explain to a person with an MBA from the University
of Chicago the difference between election primaries and the general
election. I had to explain to a Wharton grad (who is a bank analyst!)
how the Fed creates money.
The world is
changing and everything government has touched is collapsing. If
you are thinking about getting a graduate degree because it is important
to have a "good" education, forget about it. The government
has loaded so many flunkies into these programs that those graduating
out of these programs are getting little respect, and will be getting
even less respect in the future. These degrees will be like owning
a house in Detroit.
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© 2010 Economic Policy