Quote:
Originally Posted by Lanny_McDonald
There is an ebb and flow to education and enrollment. When the job market is good, enrollments tank. When the job market is tight, enrollments are up. We're in a good job market, so enrollments are down.
There is also a cycle to employers going outside the traditional educational requirements for employees. Employers will go this route and be happy with the temporary outcomes because they have the foundation of traditionally educated staff to rely upon. The blend is important as they can act as a driver for each group of employees. At some point the pendulum will swing back the other way because of the benefits that come from going through the grind of earning a degree and the benefits employers get from employees who have spent time in the education crucible, learning discipline and structure.
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I do think there is more than that going on. I'm seeing a lot of young people taking focused college diploma courses, as opposed to full 4 year bachelor programs. There's also a lot more young people starting their own businesses these days. Overall, it's starting to be more of a hustle initially, instead of the direct get a degree, get a job path.
That seems to be happening with a lot of people with degrees too. Unpaid internships are becoming more and more common. This raises other issues with social mobility, as people with financial support from parents are more likely to be able to take advantage of an unpaid internship opportunity.
A lot of companies are starting to use different models towards hiring too. For example I have friends that work at Expedia. They hire just about everyone for low paying account management type jobs, and then promote the best employees in a pyramid type ladder scheme. I do imaging you'd run into a glass ceiling eventually without a higher level business management degree.