Stephen
Kershnar
Winnowing Out Weak Majors
Dunkirk-Fredonia Observer
April
30, 2018
Some college majors are clearly worthwhile.
For others, it is less clear. With college becoming an increasingly risky
investment, weaker majors should be discouraged.
Consider college as an investment. According
to the National Student Clearinghouse, roughly half (53%) of students who in
2009 were enrolled in U.S. colleges and universities graduated within six
years. Jaison Abel and Richard Dietz of the Federal Reserve Bank of New York
found that in 2010, 62% of U.S. college graduates had a job that required a
college degree. Thus, roughly a third of students who enroll in college
graduate in a reasonable time and get a job that requires a college degree. According
to The Institute for College Access & Success, the average college graduate
who borrows money owes roughly $30,000 in loans. Many people would be hesitant
to purchase an investment that cost so much, but was unlikely to generate a positive
return.
There
is also a significant opportunity cost for going to college and not graduating
or graduating and being unable to find a job that requires a college degree. Giving
up years of income and on-the-job training in one’s 20’s is a serious cost.
This is in addition to tuition, room, and board. These costs matter to society
because oftentimes other people pick up the bill. Taxpayers pay through the
nose for other adults to go to colleges. Writing in The Atlantic, University of Colorado Law Professor Paul Campos
reports that in 2014 the federal and state governments spent roughly $7,500 per
college student ($160 billion total). Listening to college administrators whine
about lack of government support involves such a break with reality that one
wonders if they are sniffing glue.
In
addition, Americans as a group owe far more in college loans than they owe in
credit card debt. More than one in nine people with student loans default. When
they do, someone has to pick up the tab. This is usually other people who
borrow money. Ominously, taxpayers back up the debt.
Enter
the problem of weak majors. Weak majors have some combination of these
features: lower salaries, higher unemployment, weaker students and a less
important subject matter. They include art (drama, music, studio, and visual
arts), communication, education, ethnic and gender studies, foreign languages, and
recreation (physical fitness and, also, parks, recreation, and leisure). Stronger
majors include accounting, economics, engineering, mathematics, and physics. Some
majors are harder to categorize. Consider, for example, English, psychology,
and sociology.
Government
dollars are a scarce resource. Spending them on college major that has less
value to the student who majors in them, less value to society, and less knowledge-related
value results in taxpayers getting less bang for their buck. This also results
in fewer dollars to spend on first responders, infrastructure, medical care, or,
more importantly, to be returned to long suffering taxpayers. Federal and state
governments should discourage weaker majors by lessening, if not eliminating,
the number of public colleges and universities that are permitted to offer such
majors, transferring some of the subsidies from students with weaker majors to
those with stronger ones, and when supporting private colleges favoring those that
concentrate on stronger majors.
The
argument for families and professors discouraging students from declaring these
majors is that they are often a poor choice for all but those who are most
committed to or who most enjoy those majors. No parent wants to see her child
unemployed, underemployed, or frustrated by graduating but being unable to find
a suitable job. Similarly, professors want the best for their students and
should advise accordingly.
According
to Georgetown University’s Center on Education and the Workforce, the lower
paid majors include the art, education, recreation, and psychology. This
applies to both recent college graduates and those with significant time in the
workforce. The pattern for graduate work on these fields has a similar pattern (with
sociology added to the list). The unemployment rates for recent graduates for
some of these fields are high, although some of them reverse course later in
their career. Consider, for example, art.
Several
of these majors tend to have students with lower IQs than other majors. IQ here
is estimated by average SAT scores for majors. Here, again, we see some of the
usual suspects: art, communication, education, and psychology.
Some
of the more difficult calls have to do with a field’s importance to knowledge. This
seems relevant in that majors in comedy, martial arts, and sex might be popular,
but lack content that is sufficiently important. Subjects such as English,
psychology, and sociology are important to our knowledge of ourselves as
people, animals, and members of groups. On some accounts, although not ones
that focus on economic value, the importance of a field of study in part makes
it worthwhile, even if it has a lower return on investment than other fields.
The
weaker fields are sometimes ones that depend on other fields. For example, communication
does not have its own body of knowledge or methodology, but instead depends on
other fields such as economics, literature, philosophy, psychology, and
sociology. The same dependency is true for education, ethnic and gender
studies, and recreation. The upshot of this is that their contribution to our
understanding of ourselves and the world is less than the fields on which they
depend. Some of the fields (consider, for example, gender and ethnic studies)
focus in part on social justice and activism, which detracts from their value. Still
other fields, such as foreign languages, not only depend on other fields, but also
teach skills readily available in the market.
Lavish
education buffets cost real money. The people who pay some, or all, of the bill
should ensure that the buffet excludes substandard dishes. They should do so by
discouraging majors that are less valuable to the students who major in them,
less valuable to society, and that have less knowledge-related value.
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