There's a serious danger that the college education bubble may burst. As more and more people get college degrees, which inevitably have to become easier to get in order to increase the amount of graduates beyond its realistic levels, the market will eventually figure out that the degree doesn't mean what it used to. It will become less useful as a heuristic for intelligence and achievement. And college graduates will find themselves with an asset-a degree-whose value is dropping while their debt remains high.
John CarneyRelated topics
beyond burst college danger debt degree easy education find heuristic high increase intelligence less market mean order value while remainsRelated quotes
I find it expressed in various passages of Scripture that the fact that God knows things while in a state of possibility, when their existence belongs to the future, does not change the nature of the possible in any way; that nature remains unchanged; and the knowledge of the realisation of one of several possibilities does not yet effect that realisation. This is likewise one of the fundamental principles of the Law of Moses concerning which there is no doubt nor any dispute.
Maimonides
Nothing which consists of corporeal matter is absolutely light, but that is comparatively lighter which is rarer, either by its own nature, or by accidental heat. And it is not to be thought that light bodies are escaping to the surface of the universe while they are carried upwards, or that they are not attracted by the earth. They are attracted, but in a less degree, and so are driven outwards by the heavy bodies; which being done, they stop, and are kept by the earth in their own place.
Johannes Kepler
Since trade ignores national boundaries and the manufacturer insists on having the world as a market, the flag of his nation must follow him, and the doors of the nations which are closed must be battered down. Concessions obtained by financiers must be safeguarded by ministers of state, even if the sovereignty of unwilling nations be outraged in the process. Colonies must be obtained or planted, in order that no useful corner of the world may be overlooked or left unused.
Woodrow Wilson
In ancient times there was no public education, except that of the forum, the theater, and the street, and the general degree of illiteracy was very high.... the early men of science were left very much to themselves and such a phrase as "the scientific culture of Alexandria in the third century B. C." does not cover any reality. In a sense, this is still true today; the real pioneers are so far ahead of the crowd (even a very literate crowd) that they remain almost alone...
George Sarton
When America was first made known to Europe, the part assumed by France on the borders of that new world was peculiar, and is little recognized. While the Spaniard roamed sea and land, burning for achievement, red-hot with bigotry and avarice, and while England, with soberer steps and a less dazzling result, followed in the path of discovery and gold-hunting, it was from France that those barbarous shores first learned to serve the ends of peaceful commercial industry.
Francis Parkman