Students are running out of reasons to pursue higher education. Here are four trends documented in recent articles:
Graduates have little to no improvement in critical thinking skills The Wall Street Journal reported on the troubling results of the College Learning Assessment Plus test (CLA+), administered in over 200 colleges across the US.
According to the WSJ, ‘At more than half of schools, at least a third of seniors were unable to make a cohesive argument, assess the quality of evidence in a document or interpret data in a table’. The outcomes were the worst in large, flagship schools: ‘At some of the most prestigious flagship universities, test results indicate the average graduate shows little or no improvement in critical thinking over four years.’
There is extensive literature on two mechanisms by which college graduates earn higher wages: actually learning new skills or by merely holding a degree for the world to see (signaling). The CLA+ results indicate that many students aren’t really learning valuable skills in college.
As these graduates enter the workforce and reveal that they do not have the required skills to excel in their jobs, employers are beginning to discount the degree signal as well. Google, for example, doesn’t care if potential hires have a college degree. They look past academic credentials for other characteristics that better predict job performance.
This post was published at Ludwig von Mises Institute on June 14, 2017.