The main reason that nobody's really hit on is that it's super easy to get a college degree now.
Sir Ken Robinson (check out his TED video on creativity) talks about how there's academic inflation. Now most jobs require a master's whereas 5 years ago a bachelor's was enough. With the rise of vocational schools and online ones like Phoenix University, the number of college degrees has gone up, but jobs have not gone up proportionally.
Sir Ken Robinson (check out his TED video on creativity) talks about how there's academic inflation. Now most jobs require a master's whereas 5 years ago a bachelor's was enough. With the rise of vocational schools and online ones like Phoenix University, the number of college degrees has gone up, but jobs have not gone up proportionally.