Jack Nalbandian wrote: > > Oh, but I thought "corporate management can never be wrong."
I never said that. Corporate management can indeed be wrong - but not for long. Slowly but eventually, the free market adjusts. For example, right now, what if Harvard all of a sudden got really easy - easy to be admitted to, easy to graduate from, just all-around easy? For a few years, people wouldn't know and those guys who happened to be Crimson during that time would be living it up, because people would be thinking that they're just as good as previous alum, when they're not. But eventually word would get out, and the value of that degree would plummet. The same thing happened with the ccie. It took awhile for information about the 1-day change to filter out, but eventually it did and now all new CCIE's are, unfortunately, paying the price. And just like what would happen if Cisco decided to restore the rigor of the exam - for awhile, nobody would notice but eventually people would discover that the new ccie's really are surprisingly good and they would adjust accordingly. But I know where you're going, you want to take this back to the old discussion of how you believe companies are slowly changing to de-emphasize the college degree for hiring purposes (see, I have my own decoder ring too). Unfortunately, I cannot find any evidence of such a change, and if anything, I am finding the exact opposite. Consider the following articles: "...the wage ratio between college and high school graduates reversed and began a long-term rise. By 1985, the ratio had reached 1.6, and by 1994, it reached nearly 1.8. This pattern has also appeared in other countries..." http://www.hawaii.gov/dbedt/hecon/he11-98/value.html "The main index of the return to human capital investment, the Dow Jones Average of the labor market as it were, is the wage premium paid to workers with a college degree relative to the wage for those with just a high school diploma. In 1980, this premium was about 35 percent (close to its all time low); by the mid–1990s, the college wage premium had risen to an all time high of over 70 percent (roughly double its level just fifteen years earlier). The rise in the college premium was mirrored in other educational returns as well. The premium for a graduate degree, like those being conferred on many of you here today, has also doubled, from roughly 45 percent in 1980 to more than 90 percent by the mid–1990s. Hence, measured broadly, the economic value of higher education roughly doubled in the fifteen years from 1980 to 1995, a rather incredible change. " http://www.uchicago.edu/docs/education/record/5-28-98/451convocation.html Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=71419&t=71143 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
