Small Classes

When PhDs Engorge Welfare Lines
& Dropouts Dream of Hitting It Big

The confirmation, last week, of the number of jobless workers with some college now exceeding those with a high school diploma or less, has reignited the age-old debate about what’s more important in the marketplace, a degree or professional expertise. Both, one would say, but things are rarely that simple.
While there are many billionaires who never finished college or who quit school early on, lack of formal education is still an excuse, at least for job recruiters, to cut down the ever increasing stack of resumes they receive. Besides, billionaires are less than one percent of the population, as the Occupy Wall Street movement helps us remember.
Still, at a time when many consider playing Lotto part of their retirement plan, while others dream about fame and fortune despite staggering odds stacked against them, it’s no wonder that the super rich example finds its way to any debate about unemployment and education, even though it has little to do with either.
Educators, political scientists and even populist politicians all routinely puzzled over the undeniable benefits but less clear practical advantages of having a degree. Specially in the U.S.’s current toxic environment for independent thinking, scientific knowledge and high-end academic achievement, all commonly associated to the number of years one spends at school.
Also, putting aside the increasing cost, rampant student debt and declining funding for research factors, however relevant to any discussion about education they may be, it’s instructive to note that if geniuses can’t be artificially raised, they hardly ever sprout without nurturing conditions.

Thus, it’s an understatement to celebrate the outstanding personal Continue reading