November 30, 2010

Expectations for College

My next question along the lines of "expectations" is in regards to college. And I'd like your help.

Because children are expected to go to college if they want to get a good job one day. So, in their minds, college = good job. Obviously, that's changing as the new economy breaks that reality. But, that idea was never real to begin with.

College does not = good job. Comparative advantage = good job. If you had a higher learning degree in the past, you were in a minority of the labor force more likely to do good work. But if one day, everyone has a college degree, who do you choose?

That's why the political promise of giving every kid a college education means nothing to me. Oh good, we have 2 million new English majors? That's going to help a lot.

Let's change the next generation's expectations of how you can have a great job growing up. I'm leaning toward the idea of "specialization" within a broader market, and being one of the best within it.

Because it's either being specialized, or being cheapest. And the second one sucks.
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November 24, 2010

Expectations for Divorce

We touched on the idea of "expectations" nearly three years ago after I read the book, "It Takes a Family" by former Pennsylvania Senator Rick Santorum. Yeah, I know. You probably don't like the guy.

But, the book was incredibly thought provoking for me at the time - providing statistical evidence for the idea that children will become what they're expected to be. That idea continues to shape me. And I see evidence of it everywhere. For instance, yesterday, I sought out statistics to see if children of divorce parents have a greater likelihood of divorce.

They do. By 40%. Partially because of how their parent's experience has influenced their expectations of marriage.

More on expectations next time. Hope you have a wonderful Thanksgiving!
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