Originally Posted by Melonie
ISpeaking to the larger issue, for decades Americans were raised with the assurance / expectation that if they obtained a college degree that they were guaranteed a piece of the 'good life'. However, in the past decade and especially in the past few years, Americans have learned the 'hard way' that there are a whole lot of people in India and China and eastern european countries who also have college degrees but who are willing to work for 'peanuts' (comparatively speaking).
Thus as many recent graduates can tell you, today a distinct possibility exists that the amount of time and money some Americans invest in obtaining college degrees can no longer be justified on the basis of increased earnings potential after graduation. This is particularly the case with bachelor's degrees, due to the fact that a shrinking number of really 'good' professional jobs in America have applicants with Masters and even PhD's (many from outside the USA) who are willing to work for bachelor's degree pay scale.~