Education: Cost -Benefit Analysis in a Pre-Collapse Economy

(via Syd O) Coming out of law school with a lot of debt has opened my eyes to the cost-benefit educational analysis I never did. I've even encouraged several people not to go back to school. Obviously a temporary economic downturn wouldn't make it wise to forgo higher education, but what if it's not temporary and a new post-collapse economy is approaching? That's the gist of this article by ex-professor Carolyn Baker. Aside from describing the lackluster student ethic found at undergraduate universities, the piece does a good job of asking the question of whether "skills" for an infinite-growth, petroleum-based economy is something a youngster should invest $150,000 in. It's a question worth asking.