Two studies released Wednesday are warning that California could face a shortage of college-educated workers because less than half of young adults in the state are enrolled in colleges and universities ---- institutions that are already strapped for cash.
This is all true, but honestly, it's always been like this.
Only the top 25% of Americans go to college to begin with, and thats a vast improvement from how it used to be. In the world, it's an even lower percentage.
College attendance rates could be improved if there were more colleges, but in general, to go to college takes a lot of sacrifice and determination, and if you are poor then it takes a lifetime of sacrifice and determination. Not everyone is willing to sacrifice their youth to studying, not everyone is determined enough to keep going to school.
It's a fight to get into college, it's a fight to stay in college, and it's a fight to graduate from college. It's an even bigger fight to get into grad school, an even bigger fight to stay in grad school, and it's the biggest fight to graduate from grad school.
How many people actually have a masters degree? A whole lot less than have a bachelors. The key to success, culturally, is not to focus on the "degrees" or even the "status", but to always focus on being in the top 5% of the population. If you can get into the top 5%, you'll be alright, you'll be just fine. If you can't, then you'll be locked into a bad environment, bad jobs, etc.
It's your quality of life at stake, you fight to be in the top 5% of any field, and you stay there, and if you don't have top 5% talent, then you need a top 5% education.
If we want to measure statistics. Get data on the global population, a number. Get data on the amount of people globally who have a masters degree, then a bachelors. You'll see that the people who do have masters degrees are literally the worlds smartest most successful people. Literally in the top 2%, with people with PHDs being in the top 1%. Do you need a PHD to be considered smart? or successful?
No, you don't, but if you aren't an artist, an actor, an athelete, a cop, fireman, or talented at doing your own thing and running your own business, then you'll need the status of a degree.