The Last Leg Universities Stand On Is Collapsing - Foundation for Economic Education

The Last Leg Universities Stand On Is Collapsing - Foundation for Economic Education.
"Universities are dying.

• They have long ceased being the best way to gain knowledge.
  
• More recently, the degrees they confer have ceased being the best way to signal employability...
• The final leg universities stand on is the mythology of social status. That’s it. That’s what gives them what waning power they have.

I can’t count the number of parents I’ve talked with who recognize that college is one of the worst places to learn and degrees are one of the weakest ways to try to get hired, but who still needlessly bite the bullet and send their kid anyway.
Often, they shackle themselves or their children to tens of thousands in debt along the way. 

...Why?
Because they value the decaying social status indicator of a degree. 

They want a shortcut to communicate to the world that they are good parents and their kids are better than most...Read all!