Hillary Clinton points out there are more than three billion people under the age of 30. Young people represent a growing class who are yearning to have their voices heard. But in too many places around the world, the needs and concerns of young women and men continue to be marginalized. Countries are failing to provide young people with the chance to realize even their most basic aspirations. Their political will has too often been suppressed. Yet they are inextricably tied to the problems we all face, from security issues and the economy to changes in governments and society.
The naked truth about colleges is that a college degree is not worth the price of the sheepskin on which it's printed! College education is waste of time and money. The college bubble will burst soon, tearing down all ivory towers. The college degree payback is very long, an expensive education is not a guarantee to higher real wages, and it is not worth going to debt to finance it. A widespread public skepticism is fueled by poor job prospects. Real wages, that is, what you earned after you subtracted inflation and taxes, entered a freefall in the past two decades. Rather than be out of work, most citizens quietly settled for lower real wages.
A college education has a value relative to future earnings, vocational success,
and its ability to lift you above the economic burdens of underemployment and
stagnant earnings. Right now, that equation just doesn't measure up. The reward
to risk ratio of college education is the lowest of all possible investments. http://venitism.blogspot.com
We have all witnessed over the last two years that youth are shaping the political landscape of their countries. Hillary Clinton has seen young people driving innovations and economic and social entrepreneurship in every region of the world. She believes the best solutions to our shared challenges will come from harnessing the energy and creativity of youth.
Peter Thiel, the superstar Silicon Valley investor, has famously dismissed college as a waste of time and money, and even offered students cash to drop out. Thiel has argued that the brightest young minds should strike out on their own and start companies rather than take on crushing debt to pursue a college degree.
Colleges are frauds. Many administrators rob the funds, many professors trade grades for kickbacks and sex, and most students dumb down! Anyone who wants to learn anything can do it much better on the Internet, without retreating to fraudulent concentration camps, called campuses. Allons enfants de la Patrie!
As the importance of faculty research and publication increases, the value of teaching tends to decrease. At research universities, prestige is often measured by how little you teach! This creates an incentive for faculty members to design courses that are closely related to their research. Many courses are based on what the professor wants to teach rather than what the student needs to learn.
Hillary Clintonnotes that as we celebrate the achievements of young people, it is incumbent on the leaders of today in politics, civil society, the private sector, academia, and scientific fields to mentor and to cultivate the next generation. It is only through partnership that we can equip young people with the skills, resources, and networks they need, while also empowering them to be agents of change in their communities. The United States stands with young people everywhere as we work to build a brighter future together.
Colleges have little value, and their graduates cannot find jobs. They are an
embarrassment to education. Sending a child to a university is irresponsible.
Total college education, direct and indirect, including bygone salaries, costs
around 200,000 euros. That money would bring higher reward-to-risk ratio in any
other investment. College years are lost years.
The main effect of government student aid programs is not to transfer wealth
from taxpayers to students, but from taxpayers to academic institutions. That's
because the rise in student subsidies over the decades appears to have fueled
inflation in education costs. Tuition and other college costs have soared as
subsidies have risen. http://venitism.blogspot.com
It is matter of supply and demand. More and more citizens have sought a college
education, which has pushed prices higher. Ordinarily, such upward pressure
would be restrained by consumers' willingness and ability to pay, but as
government subsidies have helped absorb tuition increases, the public's budget
constraint has been lifted. Federal subsidies are seen by colleges as money
that is there for the taking. Tuition is set high enough to capture those funds
and whatever else can be extracted from parents.
Over the past few decades, a vicious cycle has been perpetuated by college
policy. Governments increase subsidies for colleges, inflating students'
purchasing power, in turn allowing universities to raise tuition, which
ultimately increases the demand for more government subsidies. Not only would an
increase in grant funding not break this vicious cycle, but it would also fail
to place pressure on colleges to use resources more efficiently. The
dysfunctional college market is an arms race where vast resources are targeted
toward non-academic purposes such as athletics, building renovations, and
administrative overhead costs in order to compete for students.
Most troublesome of all, continuing to increase subsidies for college raises
questions of equity. Increasing government subsidies for colleges, whether in
the form of grants or student loans, shifts the responsibility of paying for
college from the student, who directly benefits from college, to the taxpayer.
Transferring the burden of student loan financing from university graduates to
the three-quarters of taxpayers who did not attend college is unjust.
Kleptocrats should restructure the grant program so that funding goes directly
to students, not to universities, and should limit access to grants after four
years of undergraduate work.
Dropping out is a smart strategy of cutting losses short! Most top presidents and self-made billionaires dropped out of high school or college! The list includes Bill Gates(Microsoft), Larry Page(Google), Michael Dell(Dell), David Geffen(Geffen Records), Steve Jobs(Apple), Richard Branson(Virgin), Ralph Lauren(Ralph Lauren), Jerry Yang(Yahoo) and Zuckerberg(Facebook). Zuckerberg and Gates went to Harvard.
Page and Yang both attended Stanford. Jobs only completed one semester at Reed
College in Portland, Oregon. Dell left the University of Texas at 19. Geffen
dropped out of three universities before launching his record label. Lauren went
to Baruch College in New York City, but left after two years. Branson, a mild
dyslexic, never made it out of high school. Han Han, the world's most popular
blogger, dropped out of high school in China. Ford Motors founder, Henry Ford,
never had any formal education, outside his training as a machinist. http://venitism.blogspot.com
