John Carney
John Carney is the managing editor of Clusterstock and a contributing writer at The Business Insider.
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Our technological revolution is quickly making degrees irrelevant for many of even the top jobs. Bill Gates didn’t graduate from college. Tumblr founder David Karp dropped out of high school. So did blip.tv founder Mike Hudack. Dropping out of the standard school curriculum is not a dead end if it leads you toward a trade where you can earn a living and be proud of your achievements.
There’s a serious danger that the college education bubble may burst. As more and more people get college degrees, which inevitably have to become easier to get in order to increase the amount of graduates beyond its realistic levels, the market will eventually figure out that the degree doesn’t mean what it used to. It will become less useful as a heuristic for intelligence and achievement. And college graduates will find themselves with an asset—a degree—whose value is dropping while their debt remains high.
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