Greg Ip of the WSJ writes, ‘A four-year college degree, seen for generations as a ticket to a better life, is no longer enough to guarantee a steadily rising paycheck.” The article (free via AZCentral) then goes on to highlight the declining value of a college degree in the US.
There are many factors behind this (the massification of college degrees, technological change, economic change, etc.), but what the article neglects to mention is that a degree only has value if you know how to leverage it. In other words, you must have an entrepreneurial mindset.
The people covered in the article bitch and moan that their degree is not getting them jobs that they once could easily get. Duh! In order for your education to work for you, you must work to differentiate it, sell it, etc. Again, you must have an entrepreneurial mindset.
So even if you are not starting a new firm and plan to take a more traditional career path, you must be able to spot opportunities, organize people and resources, and basically make your own destiny, if you are going to hold a position that the author and others once considered ‘guaranteed.’
At WSJ they have some other interesting links related to this idea of the declining value of a college degree.