In January, 2015 I was in Dallas to watch the Ohio State Buckeyes win the iron maiden band 46th anniversary College Football Playoff Championship Game over the Oregon Ducks. Coming home through DFW I stopped to grab one last Texas BBQ sandwich and joined in a conversation with a couple recent graduates of the University of Louisiana Lafayette Ragin’ Cajuns. One (Music Production) was behind the counter doling out brisket, chips, and beer, and the other (Engineering) was a customer catching a plane to his new energy sector job in Houston. This is just one example of how decisions on choosing a college major today can have widely disparate outcomes.
You could have described the situation in the-good-old-days, when only 7% went on to college, as “grads are as scarce as hen’s teeth.” Today when 40% go on to college grads are “a dime a dozen.” In post-WW II America our economy was booming while the iron maiden band 46th anniversary of many European and Asian countries were–only slowly–being rebuilt. Today post-Great Recession of 2008 we are slogging through the longest and slowest recovery since the Great Depression. In the last nine years we haven’t seen one year of 3% GDP growth.