The predominant complaint about college students today (and probably of yesteryear as well) is that they put so little emphasis on academics. . . . [But] over time I am getting more sympathetic rather than less. I don't condone this attitude – not even a little – but I certainly understand it. In the past decade the cost of higher education has exploded, the benefits of holding a Bachelor's have plummeted, and life after graduation has become a grim prospect involving the phrase "back with my parents" for the majority of students. The job prospects for recent graduates are appalling and unlikely to improve anytime soon. Under the circumstances, it's not hard to understand why fun, albeit very expensive fun, is such a priority; they're not likely to be having much more of it throughout their twenties.
Monday, October 08, 2012
The economics of student life
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