Rethinking College – the Times They are a Changing

Two interesting articles in the New York Times (“Plan B:  Skip College“) and the Wall St. Journal (“A Lament for the Class of 2010“) have a similar theme – a college degree is no longer a sure ticket to a good job and economic success.  From the WSJ article:

“They [2010 college graduates] will enter an economy where roughly 17% of people aged 20 through 24 do not have a job, and where two million college graduates are unemployed. . . . there’s always law school. Never mind that applications are at an all-time high and that thousands of legal positions at investment banking firms have disappeared forever. Never mind that recent Ivy League law school graduates are now working as file clerks, substitute school teachers, census takers. Never mind that in order to pay back the $200,000 it’s going to cost you to go to law school, you’ll need to land one of those plum legal jobs at Goldman Sachs or AIG or one of those other firms that are no longer hiring . . . .”