Why The Value Of Education Is Overblown
Is education a waste of time and money?
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Show Notes
We hear all the time about the gap between those with college degrees and those without. In 2015, the gap hit a record high: people who finished college earned 56 percent more than those who didn’t (other sources have the percentage even higher, including scholar Bryan Caplan). Over the past few years, then-President Barack Obama and Senator Bernie Sanders proposed bills to either increase college attainment or make public colleges tuition-free for all.
But Caplan is a contrarian on this topic. He says that “the world might be better off without college for everyone,” and believes it’s time to rethink our current approach to higher education.
Caplan is a professor of economics at George Mason University, and author of “The Case Against Education: Why The Education System Is A Waste of Time and Money” On this week’s show, he talks to us about why so many college graduates struggle to find a job, why employers increasingly require college degrees (or higher) from job applicants, and why he thinks that cutting government funding for education is the best solution.