The primary function of a college degree is to signal desirable employee traits—intelligence, work ethic, and compliance—rather than to impart useful skills. As more people get degrees, the signal weakens, forcing students into an expensive and wasteful 'credential race' for ever-higher qualifications to stand out.
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When the government guaranteed student loans, it removed the risk for colleges. This allowed them to hike tuition prices unchecked, knowing students had access to funding. The resulting flood of graduates has also made a college degree less of a differentiator in the job market.
The unemployment rate for college-educated young men has surged to 7%, matching that of their peers without a degree. This parity indicates that a traditional degree's value in securing entry-level employment is eroding for this demographic, challenged by AI automation and increased competition from experienced workers.
Elite universities with massive endowments and shrinking acceptance rates are betraying their public service mission. By failing to expand enrollment, they function more like exclusive 'hedge funds offering classes' that manufacture scarcity to protect their brand prestige, rather than educational institutions aiming to maximize societal impact.
In an era where any subject can be learned online, the main function of college is providing a structured, semi-independent environment for young adults. It serves as a social transition between living under parental rule and entering the professional world, a role disconnected from its academic purpose.
Schooling has become a victim of Goodhart's Law. When a measure (grades, test scores) becomes a target, it ceases to be a good measure. Students become experts at 'doing school' — maximizing the signal — which is a separate skill from the actual creative and intellectual capabilities the system is supposed to foster.
The traditional value proposition of college is being challenged by AI tools that offer instant, expert-level information. For aspiring entrepreneurs, this shifts the calculus, making immediate real-world experience a more attractive and faster path to success than incurring debt for a formal degree.
Despite average test scores on a consistent exam dropping by 10 points over 20 years, 60% of all grades at Harvard are now A's, up from 25%. This trend suggests a significant devaluation of academic credentials, where grades no longer accurately reflect student mastery.
The frenzy around elite college admissions is a systemic 'collective action trap.' Even parents and students who understand the limited value of prestige are forced to compete due to intense social pressure and status anxiety, amplified by social media. Opting out individually carries too high a social cost.
A recurring historical pattern shows that civilizational decline begins when education pivots from pursuing broad knowledge to a vocational focus on affluent careers. This devalues service professions and leads to the worship of celebrity and wealth, weakening the societal fabric.
The traditional 'learn for 22 years, work for 40' model is broken because the half-life of skills is rapidly shrinking. The future of education must be a continuous, lifelong relationship with learning institutions for constant re-skilling.
