The Declining Value of College Degrees
Introduction Not long ago, college degrees were the ultimate symbol of academic excellence and professional credibility. Degrees conferred status, opened doors to exclusive job markets, and earmarked people for certain salary levels. However, in today’s fast-evolving world, the value of degrees is increasingly being questioned. With the widespread availability of higher education and the changing dynamics of the job market, many are beginning to wonder: Is a college degree still worth it? The Golden Age A few years ago, degrees were hailed. They were a badge of honour and a beacon of elitism. Universities were fewer, access to formal education was limited, and graduates enjoyed near-automatic access to highly coveted job opportunities. In Ghana, for instance, intellectuals like Dr. J.B. Danquah, a lawyer and politician, were revered because of their education. Lost Glory: The Current State of College Degrees Today, degrees are widespread. According to Statista data from 20...