The College Degree
When we hear the term “valuable commodity” we might think about oil or gold. Yes, these are undoubtedly commodities (though their value has fluctuated over time), but many other less concrete objects are also considered commodities in our society today. A commodity is defined as “A raw material or primary agricultural product that can be bought and sold, such as copper or coffee.” But the second definition is “a useful or valuable thing, such as water or time”.
Based on the second definition, one of the most valued commodities available in modern society is a college degree. While it may sound odd to refer to a diploma as a commodity, there’s no denying that a college education is a “useful and valuable thing” in today’s society. As our economy continues to struggle and the job market is fiercer than ever, a college degree is one of the most valuable assets an individual can hold. See: How much difference does a College degree make in the unemployment level?
That being said, there is considerable concern over the topic of academic inflation and grade inflation in the world of higher education today. Credential Inflation: College Graduates Just Not Sizing Up
As our economy has continued to struggle, the issue of [Read more...]