May 21, 2003

Robert Reich Warns Against Graduate School

Both the AccidentalAdmin at the Financial Aid Office and King at SCSUScholars are linking to this opinion piece by Robert Reich:

This spring's college graduates are entering the worst job market in 20 years. With few good jobs on the horizon, many graduating seniors think it is time to get an advanced degree. They should think again.

....But the market value of advanced degrees is unlikely to rise enough to make the investments worth it, especially after the supply of people with such degrees expands. Even before the economy foundered, the median take-home pay of lawyers and doctors was dropping, and many newly minted Ph.D.'s couldn't find university appointments.

-- Robert B. Reich, "Get a Job"

Posted by Invisible Adjunct at May 21, 2003 08:14 PM