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Education inflation.

PotBelliedGeek
Posts: 4,298
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1/22/2014 10:38:39 PM
Posted: 2 years ago
As the number of educated people increases, the value of education decreases. What are the potential result of this, and what are the potential solutions?
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Dazz
Posts: 1,163
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1/23/2014 3:26:44 PM
Posted: 2 years ago
At 1/22/2014 10:38:39 PM, PotBelliedGeek wrote:
As the number of educated people increases, the value of education decreases. What are the potential result of this, and what are the potential solutions?

Yes in HRM side when due to limited vacancies (lower Job Supply from corporate sector) but excessive applicants (greater Job Demanded by Educated heads), you experience the inflation in JObs Market, hence it increases the price level of JOB means less salary. So a lower salary as a functioning parameter of paid PRICE (substitute of currency) is another name of decrease in value of SALARY= low salary or lower value of your education.

I don't think there is a solution because if you would have to increase the supply here that is of JOBS you would invest into the industrial area that would again render the currency inflation in the market, so once you come out of Educational inflation, you would face currency inflation. In both cases purchasing power is decreased. Before your salary was low, now your currency value is low. Both have same impact on the person's life with a minor difference that educational inflation would be on the screen in short run period but currency inflation will come in afterwards in long run.
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darkkermit
Posts: 11,204
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1/26/2014 6:43:26 AM
Posted: 2 years ago
At 1/22/2014 10:38:39 PM, PotBelliedGeek wrote:
As the number of educated people increases, the value of education decreases. What are the potential result of this, and what are the potential solutions?

Yes,based on what Dazz said. The obvious solution is to either make credentials more difficult or to remove government aid to colleges and/or students, but the gov't will never do that.
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ArslanSaeed
Posts: 1
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2/9/2014 10:47:24 AM
Posted: 2 years ago
At 1/22/2014 10:38:39 PM, PotBelliedGeek wrote:
As the number of educated people increases, the value of education decreases. What are the potential result of this, and what are the potential solutions?

Since last few years, students across the globe started facing an immense threat to their future careers in the form of increasing number of degree-holders in their society, this resulted in a lot of changes in our environment such as the strong competition in getting a job, changes in the students' visions about education.

Make sense?