MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
This is a simple case of inflation: When you artificially pump up the supply of something (whether it's currency or diplomas), the value drops. The reason why a bachelor's degree on its own no longer conveys intelligence and capability is that the government decided that as many people as possible should have bachelor's degrees.
There's something of a pattern here. The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle class people go to college and own homes, then surely if more people go to college and own homes, we'll have more middle class people.
But homeownership and college aren't causes of middle-class status, they're markers for possessing the kinds of traits -- self-discipline, the ability to defer gratification, etc. -- that let you enter, and stay in, the middle class.
Subsidizing the markers doesn't produce the traits; if anything, it undermines them. One might as well try to promote basketball skills by distributing expensive sneakers.
Professional basketball players have expensive sneakers, but -- TV commercials notwithstanding -- it's not the shoes that make them good at dunking.
Read more at the Washington Examiner: http://washingtonexaminer.com/opinion/columnists/2011/12/sunday-reflection-higher-ed-bubble-bursting-so-what-comes-next/1969376#ixzz1gAQLr0zu
Comments
When the Berlin came tumbling down, I moved out of the military-industrial-complex into the civilian world. Networking was just in its infancy and my military experience was a good match. In about 5 years, all of a sudden certification was necessary to move forward. As it turned out, there were many people cramming study materials and passing examinations to get ceritified. The side-effect was no matter how many certifications one had, without hands on experience certification meant you were papered certified which caused lots of problems with us seasoned veterans. Needless-to-say, just about every place needing networking specialist demanded certification as if it were on the same level as a college degree. Of course since local school systems were pumping out mulri-certified high school graduates as well as the local unemployment services, the market quickly became saturated with seasoned papered certified individuals all more than willing to accept wages and benefits far below the base line levels those of us in the field were earning. Also, it turns out many of those who took the certification process rather than the college route incurred huge student loans above what a college degree would have cost them and their current market wages aren't high enough to pay off the debt.
The problem is the business sector is looking for specific experience for the immediate now rather than general experience with the ability to adapt and move forward as new opportunties present themselves. In short, better to hire someone from the outside with the experience you need now instead of training and promoting within.
by Beetlejuice on Sun, 12/11/2011 - 6:15pm
I remember all those Novell network certification classes from the late 80s but my own disenchantment with certifications and the regulations that required them came earlier with the Series 7 exam required to be a licensed stockbroker. Brokerage firms paid for candidates to take a week long cram course of memorizing answers to questions known to be on the test. Also, students were asked to try to remember and bring back as many questions as they could on their own tests.
We definitely could use a better system of credentialling. I just do not know what it is.
by EmmaZahn on Mon, 12/12/2011 - 1:26pm