My recent article at Intellectual Takeout:

Zachary First, Managing Director of the Drucker Institute at Claremont Graduate University, opines at PayScale.com on just how misguided is the question: “Can we, in economic terms, justify investing in a degree in the humanities?”

Barely a decade ago, the conventional wisdom held that a law degree was, beyond a reasonable doubt, a smart investment. While many sectors of the economy were in upheaval, law firm hiring was on the rise and entry level salaries in large urban areas were surpassing $150,000, according to the American Bar Association Journal.
Then, the bottom dropped out.

Such are the vicissitudes of the economy: Even if you can document the demand at a particular point in time for certain degrees, there’s a good chance things will change, and then what do you do?

Read the rest here.

 

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