In some ways it is like any other commodity; when everyone has something it loses its perceived value.
Why does a barista need a college degree? Hell, why does a B2B Accounts Receivable specialist need a degree… or an MBA? They don’t.
In the meantime we can’t find a mechanic, plumber or electrician. I do most of my own work but occasionally I need a handyman. Dude has a PhD but is a handyman. Makes more than I do as an accountant.
darth_voidptr on
It’s not the uni degree that’s broken.
GreatnessToTheMoon on
At least they’re not In crazy debt like in America
LordMuffin1 on
Of course uni degrees dont pay like thry once did.
We, in the western world,have built a society where you do not get rich by getting a degree and then start working. In western society you get rich by choosing correct parents, by being lucky on the stock market or by finding a way to get money from governments/companies (create a company that sell IT-solutions, AI-stuff, leadership courses, coachning stuff etc). In general, stuff the company doesnt need, and stuff where you cant be heldag responsible if there are no effect.
This idea of working yourself up and get rich or have some kind of economical advancement in society through education, degrees and hard work is just bullshit. We have very clearly in the last 30 years shut all Doors for that kind of movement.
Hairy_Pound_1356 on
When everyone has a degree no one has a degree
most_crispy_owl on
Honestly, the only tangible transferable skills I learnt from my economics bsc was the importance of citations and then public speaking and presentation skills. That’s it.
I picked economics as I thought it was sensible for getting a generic grad scheme, which it did achieve. Now life is harder for younger people
JC1949 on
I hear this often. When I graduated with an undergraduate degree, I made less in my first job than my nurse wife. It led to later opportunities though and let me do work I thought was important and that I loved. Immediate outcome is not the best indicator of how well things go in the long term.
pokedmund on
£9535 a year.
When my older brother went to Uni, it was free for him (approx 1990s). For me, it was like £1250 per year (approx late 90s). My sister was £3000 per year (2000s).
Globally, degrees have started to either become worthless, or you better get the highest marks possible, and also do a masters / PHD afterwards in a degree that leads onto something
mrroofuis on
Isn’t University cheaper in the UK than in the US?
Imagine taking on hundreds of thousands in loans for your degree to be worth jack crap!!
At least their cost of Uni is much lower.
MNEs and large to mid-size companies have been outsourcing like crazy for a long time. Making local markets more competitive and driving down wages
mythic-moldavite on
I don’t think degrees anywhere really pay like they once did. Not to the extent that it’s really important to graduate from university. A lot of jobs after getting a degree start you out at 40,000-45,000 which is insane since we spend half that getting a degree.
I literally just graduated with a degree three days ago and it’s not because I expected it to substantially change my future or lead to a huge increase in pay, it’s just a personal goal because I’ve left school two other times. At 30, I wanted to be able to say I finished it
UnexpectedAnomaly on
I’ve seen a lot of job entries that pay an absurdly low salary like $10 an hour that require 4-year degrees. You almost need one to be homeless.
Far_Point3621 on
Many colleges are shit and many degrees unnecessary BS…
giraffepimp on
I really feel like us plan 2 students were essentially sold a lifelong debt trap. We were 18 and sold a pretty complex loan that we didn’t understand the fine details of. I can’t really believe that’s legal! I would definitely not have gone to uni had I known how much money I’d be paying back, with the insane amount of interest and a threshold that doesn’t move with inflation, average pay etc. I’m in something like £60k of debt with 7.5% interest, I have a good job but don’t even earn enough to pay back the interest added. It’s criminal!
stinkybumbum on
No jobs don’t, not degrees.
The issue is everyone feels like they need one but in reality you don’t. It’s who you know unless you want to get into a specific field, but then most who go to uni aren’t looking for that.
I see it so many times people with a stupid degree with no relation to the job they want, thinking it’s going to make them loads of money out the gate.
It doesn’t work like that
Admiral_Janovsky on
So sad. This is how world intelligence falls down and people become stupid, which those in power and will can use it to manipulate them for their own goals.l for even more wealth and power.
Dominos started falling and its too late to stop it.
No-Special-8335 on
A diploma is great, except when everyone has the same one, which therefore is no longer worth anything 🥲
yksvaan on
Well that’s natural development, more and more people are in adult daycare not producing anything of value, they can’t be paid great salaries. Degrees are just part of it, anyone should be given one to keep the hamster wheel ( and funding) spinning.
DixonLyrax on
This is some horseshit that we’ve been sold since the 80s. A degree isn’t about making you money, it’s about making you a more sophisticated and aware member of society. Education was our right and it’s been yanked away from us .
nobettertimethennow on
Soon we’ll have to start paying people to go so we don’t become completely useless.
MarkG1 on
I don’t regret it, I met some really nice people and it helped me grow and learn a lot of extra skills, but what it didn’t do is help with work or the career I’ve fallen into.
AverageWarm6662 on
I don’t regret going to university, but I would probably be further ahead if I just did an apprenticeship or started my career as a school leaver. But I do feel like it helped me develop a bit as a person
Twiggie19 on
Our whole system / culture around higher education is a total farce.
People rack up 40k of debts to get a degree which offers no value to either them or the employer, just because they dont want to start work for another 3 years.
And we then have the audacity to moan that degrees dont matter anymore. Of course they dont matter when every bloke walking down the street has one. You have to find a better way to distinguish yourself.
Of course degrees aren’t as high paying. If everyone has a degree we’d have to raise the same amount job salaries to maintain the average. More degrees with the same amount of jobs = people with shittt degrees not getting a good salary.
Forward-Pack-900 on
25-40k in the USA a year is the standard. It’s much worse. Don’t get me started on the predatory loans and interests rates. It’s a hellscape
DmitryPavol on
Education is a business, first and foremost. At the same time, academically, this field is quickly becoming obsolete. In the 90s, you could gain relevant knowledge that you could apply. Now, many types of education are becoming outdated, and it’s worth pursuing only to broaden your horizons. I think the problem isn’t even education, but the fact that you won’t even be allowed to work without a diploma, which doesn’t provide the necessary knowledge. Although in new industries, this policy has already changed, and experience has become more important than a diploma.
The_Human_Event on
I studied philosophy so I can think long deep thoughts of being unemployed for the rest of my life.
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25 Kommentare
Same thing has happened in the US.
In some ways it is like any other commodity; when everyone has something it loses its perceived value.
Why does a barista need a college degree? Hell, why does a B2B Accounts Receivable specialist need a degree… or an MBA? They don’t.
In the meantime we can’t find a mechanic, plumber or electrician. I do most of my own work but occasionally I need a handyman. Dude has a PhD but is a handyman. Makes more than I do as an accountant.
It’s not the uni degree that’s broken.
At least they’re not In crazy debt like in America
Of course uni degrees dont pay like thry once did.
We, in the western world,have built a society where you do not get rich by getting a degree and then start working. In western society you get rich by choosing correct parents, by being lucky on the stock market or by finding a way to get money from governments/companies (create a company that sell IT-solutions, AI-stuff, leadership courses, coachning stuff etc). In general, stuff the company doesnt need, and stuff where you cant be heldag responsible if there are no effect.
This idea of working yourself up and get rich or have some kind of economical advancement in society through education, degrees and hard work is just bullshit. We have very clearly in the last 30 years shut all Doors for that kind of movement.
When everyone has a degree no one has a degree
Honestly, the only tangible transferable skills I learnt from my economics bsc was the importance of citations and then public speaking and presentation skills. That’s it.
I picked economics as I thought it was sensible for getting a generic grad scheme, which it did achieve. Now life is harder for younger people
I hear this often. When I graduated with an undergraduate degree, I made less in my first job than my nurse wife. It led to later opportunities though and let me do work I thought was important and that I loved. Immediate outcome is not the best indicator of how well things go in the long term.
£9535 a year.
When my older brother went to Uni, it was free for him (approx 1990s). For me, it was like £1250 per year (approx late 90s). My sister was £3000 per year (2000s).
Globally, degrees have started to either become worthless, or you better get the highest marks possible, and also do a masters / PHD afterwards in a degree that leads onto something
Isn’t University cheaper in the UK than in the US?
Imagine taking on hundreds of thousands in loans for your degree to be worth jack crap!!
At least their cost of Uni is much lower.
MNEs and large to mid-size companies have been outsourcing like crazy for a long time. Making local markets more competitive and driving down wages
I don’t think degrees anywhere really pay like they once did. Not to the extent that it’s really important to graduate from university. A lot of jobs after getting a degree start you out at 40,000-45,000 which is insane since we spend half that getting a degree.
I literally just graduated with a degree three days ago and it’s not because I expected it to substantially change my future or lead to a huge increase in pay, it’s just a personal goal because I’ve left school two other times. At 30, I wanted to be able to say I finished it
I’ve seen a lot of job entries that pay an absurdly low salary like $10 an hour that require 4-year degrees. You almost need one to be homeless.
Many colleges are shit and many degrees unnecessary BS…
I really feel like us plan 2 students were essentially sold a lifelong debt trap. We were 18 and sold a pretty complex loan that we didn’t understand the fine details of. I can’t really believe that’s legal! I would definitely not have gone to uni had I known how much money I’d be paying back, with the insane amount of interest and a threshold that doesn’t move with inflation, average pay etc. I’m in something like £60k of debt with 7.5% interest, I have a good job but don’t even earn enough to pay back the interest added. It’s criminal!
No jobs don’t, not degrees.
The issue is everyone feels like they need one but in reality you don’t. It’s who you know unless you want to get into a specific field, but then most who go to uni aren’t looking for that.
I see it so many times people with a stupid degree with no relation to the job they want, thinking it’s going to make them loads of money out the gate.
It doesn’t work like that
So sad. This is how world intelligence falls down and people become stupid, which those in power and will can use it to manipulate them for their own goals.l for even more wealth and power.
Dominos started falling and its too late to stop it.
A diploma is great, except when everyone has the same one, which therefore is no longer worth anything 🥲
Well that’s natural development, more and more people are in adult daycare not producing anything of value, they can’t be paid great salaries. Degrees are just part of it, anyone should be given one to keep the hamster wheel ( and funding) spinning.
This is some horseshit that we’ve been sold since the 80s. A degree isn’t about making you money, it’s about making you a more sophisticated and aware member of society. Education was our right and it’s been yanked away from us .
Soon we’ll have to start paying people to go so we don’t become completely useless.
I don’t regret it, I met some really nice people and it helped me grow and learn a lot of extra skills, but what it didn’t do is help with work or the career I’ve fallen into.
I don’t regret going to university, but I would probably be further ahead if I just did an apprenticeship or started my career as a school leaver. But I do feel like it helped me develop a bit as a person
Our whole system / culture around higher education is a total farce.
People rack up 40k of debts to get a degree which offers no value to either them or the employer, just because they dont want to start work for another 3 years.
And we then have the audacity to moan that degrees dont matter anymore. Of course they dont matter when every bloke walking down the street has one. You have to find a better way to distinguish yourself.
Of course degrees aren’t as high paying. If everyone has a degree we’d have to raise the same amount job salaries to maintain the average. More degrees with the same amount of jobs = people with shittt degrees not getting a good salary.
25-40k in the USA a year is the standard. It’s much worse. Don’t get me started on the predatory loans and interests rates. It’s a hellscape
Education is a business, first and foremost. At the same time, academically, this field is quickly becoming obsolete. In the 90s, you could gain relevant knowledge that you could apply. Now, many types of education are becoming outdated, and it’s worth pursuing only to broaden your horizons. I think the problem isn’t even education, but the fact that you won’t even be allowed to work without a diploma, which doesn’t provide the necessary knowledge. Although in new industries, this policy has already changed, and experience has become more important than a diploma.
I studied philosophy so I can think long deep thoughts of being unemployed for the rest of my life.