-Caveat Lector-
In a message dated 99-07-11 12:38:39 EDT, [EMAIL PROTECTED] writes:
>Real wages have declined most dramatically for those without a college
>degree.
Another fact, which I saw cited in the local newspaper last week:
One third of poor families is headed by a parent who has a college education,
and that percentage is growing. Increasingly, a college degree adds little
in earning potential.
The "global market" is geared toward producing a low-paying, minimum-skills
"service economy," and menial labor constitutes the vast majority of jobs
that account for low unemployment statistics and periodic increases in
employment. College-educated teachers, nurses, and nearly all others in the
"helping" sphere are seeing their social status progressively being eroded,
with new hires in those professions getting less training, lower wages, and
fewer benefits. A college education pays off big only in certain areas,
e.g., for MBA holders in Finance from Ivy League institutions, and in the
high-tech arena, where one may find the upper 10% of wage-earners, a degree
means nothing without proven mastery of other specialized skills not yet
taught in schools.
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