Impromptu What college costs — and what it’s worth
17 snips
May 2, 2025 Heather Long, an economics columnist at The Washington Post, dives into the rising costs of college and the complex value it holds today. She discusses how inflation and student debt are changing perceptions of higher education, questioning its return on investment. The impact of AI on job opportunities is also examined, sparking debate about the necessity of degrees. Long highlights the social benefits of college, like personal growth and networking, while suggesting a shift towards skill-based education as viable alternatives gain traction.
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A Hard-Earned College Grade
- Drew worked hardest in a medieval Spanish architecture course abroad, earning an A.
- He doubts he’d pass the exam today, showing how knowledge fades over time.
Value of College Amid AI
- College degrees still usually lead to lifetime earnings about a million dollars higher than non-degree holders.
- But with AI changing job markets, deciding on college has become more complex.
Stable College Wage Premium
- The college wage premium has fluctuated but remained stable since the 1990s.
- This stability partly arises because non-college workers’ wages have dropped significantly.