Wednesday, October 5, 2022

Reconsidering the Value of a College Education

College enrollment declines for third straight year since pandemic
https://www.washingtonpost.com/education/2022/10/20/college-enrollment-declines-since-pandemic/


Some Colleges Don’t Produce Big Earners. Are They Worth It?
https://www.nytimes.com/2022/08/20/business/college-graduate-earnings.html

Is College Worth the Cost? That Depends
https://www.wsj.com/articles/college-worth-cost-debt-major-computer-science-11636142138
 
Is College Worth It? A Comprehensive Return on Investment Analysis
https://freopp.org/is-college-worth-it-a-comprehensive-return-on-investment-analysis-1b2ad17f84c8
The median bachelor’s degree is worth $306,000 for students who graduate on time. But the median conceals enormous variation. Some fields of study, including engineering, computer science, nursing, and economics, can produce returns of $1 million or more. Others, including art, music, religion, and psychology, often have a zero or even negative net financial value”.
 

Why Have College Completion Rates Increased? An Analysis of Rising Grades
https://www.nber.org/papers/w28710

The Quantity versus Quality Debate 

Rising Risk of a Financial/Economic Shock


Impact of Remote/Hybrid Work

Working From Home Is Not an Urban Escape Hatch
https://www.bloomberg.com/opinion/articles/2022-10-05/working-from-home-is-not-an-urban-escape-hatch
Contrary to popular perception, the nation’s WFH hotbeds are big-city neighborhoods and expensive suburbs, not mountain retreats and beach cottages.
 
‘It’s just not worth it’: why employers still can’t get staff back to the office
https://www.theguardian.com/business/2022/oct/01/back-to-office-say-bosses-staff-prefer-working-from-home
 
The remote work revolution is already reshaping America
https://www.washingtonpost.com/business/2022/08/19/remote-work-hybrid-employment-revolution/ 

Tuesday, October 4, 2022

Asia's Economic Potential

From Singapore to Thailand, Asia dangles visas to lure high-fliers
https://asia.nikkei.com/Spotlight/Asia-Insight/From-Singapore-to-Thailand-Asia-dangles-visas-to-lure-high-fliers
New programs kick off as companies struggle to find skilled workers
 
Thailand to introduce 10-year visa for skilled workers, investors
https://asia.nikkei.com/Economy/Thailand-to-introduce-10-year-visa-for-skilled-workers-investors2
 
Asia has over 950 billionaires, outnumbering all other regions
https://asia.nikkei.com/Spotlight/Datawatch/Asia-has-over-950-billionaires-outnumbering-all-other-regions 

Roubini’s Gloomy Outlook

The Stagflationary Debt Crisis Is Here
https://www.project-syndicate.org/commentary/stagflationary-debt-crisis-is-here-by-nouriel-roubini-2022-10
The Great Moderation has given way to the Great Stagflation, which will be characterized by instability and a confluence of slow-motion negative supply shocks. US and global equities are already back in a bear market, and the scale of the crisis that awaits has not even been fully priced in yet.

Related:
U.S. National Debt Tops $31 Trillion as Rising Rates Add to Fiscal Burden
https://www.nytimes.com/2022/10/04/business/national-debt.html

Misunderstood Teachers and Struggling Gen Z Students

What Americans Don’t Understand About Teachers and Professors

An Illustration of What Truly Ails Today’s Higher Education System:
At N.Y.U., Students Were Failing Organic Chemistry. Who Was to Blame?
https://www.nytimes.com/2022/10/03/us/nyu-organic-chemistry-petition.html
The entire controversy seems to illustrate a sea change in teaching, from an era when professors set the bar and expected the class to meet it, to the current more supportive, student-centered approach.

Martin E. Ross, Boston (The writer is professor emeritus of marine and environmental sciences at Northeastern University):
https://www.nytimes.com/2022/10/04/opinion/letters/nyu-tough-professor.html
A key factor is Professor Jones’s observation that about a decade earlier he noticed a loss of focus in students. I noticed the same phenomenon starting about 15 years ago in the university students I taught, long before the deleterious impact of the pandemic on students’ performance.
Overpampering of children by parents and teachers combined with soaring tuition has turned students into entitled customers demanding to be catered to as such. The student-professor interaction has become far more transactional than in previous years, with administrators increasingly inclined to side with their customers.
Students expect their professors to be like either Mister Rogers or Stephen Colbert, and woe to those less entertaining ones who dare to assign poor performers the grades they deserve.  


What’s Wrong with Gen Z?
https://www.theatlantic.com/newsletters/archive/2022/04/american-teens-sadness-depression-anxiety/629524/
Derek Thompson notes:
Anxious parents, in seeking to insulate their children from risk and danger, are unintentionally transferring their anxiety to their kids.
I want to pull out two points from Julian’s complex essay. First, children are growing up slower than they used to. Today’s children are less likely to drive, get a summer job, or be asked to do chores. The problem isn’t that kids are lazy (homework time has risen), or that scrubbing dishes magically dispels anxiety disorders. Rather, Julian wrote, these activities “provide children with two very important things”: tolerating discomfort and having a sense of personal competence.
Second, researchers have noted a broad increase in an “accommodative” parenting style. If a girl is afraid of dogs, an “accommodation” would be keeping her away from every friend’s house with a dog, or if a boy won’t eat vegetables, feeding him nothing but turkey loaf for four years (an actual story from the article). These behaviors come from love. But part of growing up is learning how to release negative emotions in the face of inevitable stress. If kids never figure out how to do that, they’re more likely to experience severe anxiety as teenagers”.

The Crisis of Men and Boys 
https://www.nytimes.com/2022/09/29/opinion/crisis-men-masculinity.html
David Brooks:
If you’ve been paying attention to the social trends, you probably have some inkling that boys and men are struggling, in the U.S. and across the globe.
They are struggling in the classroom. American girls are 14 percentage points more likely to be “school ready” than boys at age 5, controlling for parental characteristics. By high school, two-thirds of the students in the top 10 percent of the class, ranked by G.P.A., are girls, while roughly two-thirds of the students at the lowest decile are boys. In 2020, at the 16 top American law schools, not a single one of the flagship law reviews had a man as editor in chief.