The U.S. lacks a key ingredient that helped propel it to economic dominance in the 20th century: productivity gains from higher education. Figuring out why could help influence the economy’s long-term trajectory once it emerges from the coronavirus crisis.
In 2009, President Obama, worried about the economy’s global standing, set a goal for the U.S. to have the world’s most-educated workforce by 2020.
What do colleges teach the masses anymore related to creating more productive and innovative workers? standards have been eroded so various underrepresented groups can show on paper they are equal.
Is this a rhetorical question?
Gender studies degrees are not productive.
Um, corruption and wealth concentration. Next question?
Maybe because most young people in college shouldn't be, but we push the 'college for all!' mantra because higher education has become a big business every bit as corrupt and deceiving as any other these days.
If everyone has a degree then no one is smart right?
Honestly, it just takes too long to get the credential.
Because a degree is not an education. leftylies
Maybe because the more time you spend in a poor education system, the dumber you get.
Alec, I’ll take Marxist college professors for $200 😂
Because Salaries can only go SO HIGH! Other hand $15.00 Minimum wage , DECREASE exorbitant Executive salaries , Better Professors , Limits Salaries of Public servants would help reduce disparities in the Work force and Nation. $15 Mnimum, doable after corp. tax cuts
Because colleges are not doing their job! Kids pay a fortune for a participation diploma.
Look no further than how michiganstateu has handled this semester. Colleges are political machines that push leftist tenets and put kids in massive amounts of debt before they start their careers.
Because a college degree is simply not necessary for some careers.
College degrees in what? Many degrees are worthless.
Because work ethic isn’t learned in college at frat parties ... duh!
Uh...because so many degrees are useless now as way too many people just end up being 'salespeople' for crap.
Leave it to WSJ to ask why productivity gains are now tepid in an environment of increasing educational attainment while ignoring decades of relative wage stagnation in an environment of increasing productivity.
no hard work
Meaningless degrees!
Maybe not all education is for the purpose of “productivity”?
Which degrees, from where and how easily are those degrees easily obtained and how many been bought and haven't been earned?
Because everybody is looking to hire anthropology majors.
Hypothesis wrong types of degrees = Non Engineering Degrees Non STEM degress
There's a mismatch between what students learn to do in college and what companies actually need them to do.
You have no idea what they have done to those with engineering degrees. They walk on the job with virtually no mentors. They used to be put in Drafting, but drafting is now gone.
Degree inflation. Many people with college degrees wind up working service industry jobs.
Because 95%+ of what you learn in college is not useful.
Because colleges do not teach skills
College is just another high school diploma. Unless yer going for something truly difficult (doctor, lawyer, etc) schools are filled with undeclared or communication majors
Apparently a 35% productivity rate is all that can be expected from employees, college degree or not. This does prompt more employment as it takes 3 to do the work of 1.
Work ethics of millennials is poor
Productivity measured in terms of output per hour labor;capital to labor ratio;share of wages per output unit;profit per unit output etc.precise one Adam Smith first one.depends on tech and best practices of minimising costs to maximising output. China is ahead in many standards?
Useless degrees. Art history, gender studies etc. don't really contribute to productivity.
Automation.
Why don't you look into what proportion of those increasing number of degrees are STEM vs non-STEM?
Colleges are a racket. I'm not fully on board with the economic collapse narrative that Mr. Schiff believes in but he's on to something with his theory that tuition is simply a product of how much federal funds are available to fuel it.
Are they using the degrees? Many go to college and fall out of love with what they got a degree in. They then end up working a shit job with low pay in a ton of debt.
Are they worthwhile degrees? A PhD in gender studies does no good for anyone in the real world.
One might argue that a college degree is not a marker of the same bundle of skills that it once represented.
Profits up wealth gap widening productivity measures geared to rich by experts paid by the rich
They have novelty degrees
Because most of them graduated with sociology and psychology majors.
Because a lot of those degrees are worthless degrees in nonsensical fields like 'Gender Studies'
Because most of the college graduates we see are almost useless.
Because those degrees saddle people with enormous debt loads, which wear them down and affect productivity?
Because college is useless
Gender studies and sociology degrees.
thanks