"It's no longer true that having a college degree guarantees that you'll get a good job, and it's becoming less true with each passing decade," Paul Krugman writes today.
Krugman is right that more school is no total panacea for our jobs crisis. But he's wrong that college is losing its edge. The fact is that that the bonus from a college education for men and women has doubled since the 1970s. Although the costs of an advanced degree have never been higher, the benefits of post-secondary education are growing similarly. Here are five reasons not to doubt the value of a college education today.
1. Seven of the ten fastest growing jobs in the next 10 years require a bachelor's degree or higher (source: BLS)
2. Each additional level of education correlates with lower unemployment rates and higher earnings (source: BLS)