Linked by Thom Holwerda on Thu 6th Dec 2012 17:01 UTC
Thread beginning with comment 544583
To view parent comment, click here.
To read all comments associated with this story, please click here.
To view parent comment, click here.
To read all comments associated with this story, please click here.
Features
Linked by Thom Holwerda on 06/13/13 14:35 UTC
Linked by Thom Holwerda on 06/11/13 17:07 UTC
Linked by Thom Holwerda on 06/10/13 23:13 UTC
Linked by Thom Holwerda on 06/08/13 14:57 UTC
Linked by Thom Holwerda on 06/07/13 11:40 UTC
Linked by Thom Holwerda on 06/04/13 12:45 UTC
Linked by nfeske on 05/31/13 10:12 UTC
Linked by Thom Holwerda on 05/29/13 16:59 UTC
Linked by Thom Holwerda on 05/24/13 17:26 UTC
Linked by Thom Holwerda on 05/21/13 21:38 UTC
More Features »
Sponsored Links



Member since:
2011-01-28
Neolander,
I agree with all that.
We've been focusing on the cost/skill dynamics on the employer's side, but there's a similar dynamic on the employee side. The wages haven't remotely kept up with the educational costs required to attain the prerequisite degrees.
https://www.studentloan.com/pay_for_college/risingcost_education.htm
http://www.huffingtonpost.com/2011/10/28/college-costs-are-rising-_...
I don't think the rise in education price is arbitrary or "staged". It's dictated by supply and demand, when the economy weakens, more people go to school by taking on more debt. This phenomenon is pretty clear in the charts.
These numbers are alarming. It was already prohibitively expensive for me and my wife. Our degrees kept us in tuition debt for 8 years with help from my parents. If future wages don't catch up to tuition, our children could be in education debt for 30 years or more. If the projections hold, our daughter might just be paying off the final instalments of her degree in her 50s. Then she can get a 30 year home mortgage and pay it off into her 80s.
Meanwhile, our social security payments are officially projected to return $0.60 on the dollar.