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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (65402)7/6/2006 4:18:11 PM
From: Pravda  Read Replies (1) of 110194
 
While I agree with your point, a college degree is now required for all sorts of occupations that once only required a high school diploma, such as flight attendant. This is simply because high school diplomas are viewed as attendance diplomas, and show no underlying achievement.

The PhD is the new bachelor's degree. The net result is Americans spend more time and money in school and less time creating economic value through work. Yet another way Americans are becoming poorer.

Pravda
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