I missed this column by Richard Vedder from early April. In it, he points out great information about the value –or lack of value — of a college degree.
Fourth, the number of new college graduates far exceeds the growth in the number of technical, managerial, and professional jobs where graduates traditionally have gravitated. As a consequence, we have a new phenomenon: underemployed college graduates doing jobs historically performed by those with much less education. We have, for example, more than 100,000 janitors with college degrees, and 16,000 degree-holding parking lot attendants.
Moral of the story: Be careful and realistic when making a decision about education, training, and interests. Make sure that your kids and grandkids explore all options, and not just the cookie-cutter path of a four-year degree from a traditional institution.