"it is universities themselves that have undermined the worth of the education..."

[coureur]

<br>

<blockquote>
<p>I certainly agree that it is indeed used as a signal: a signal that employers obtain for free, with the costs offloaded to the students. After all, employers don’t pay the costs of education, except only indirectly through higher corporate taxes to support state subsidies. So it’s obviously a fantastic deal for them.<<</p>
</blockquote>

<br>

<p>Are you suggesting that employers reimburse the newly-hired employee for whatever s/he spent of earning a college degree? Wow, if you think it’s tough for the new graduate to land that first job today, just think how much tougher it would be if hiring him/her came with an average of >$100,000 price tag for the privilege. Hiring say ten new employees would cost a company a million bucks before even one day’s work was completed. Hiring new graduates fresh out of college would become a thing of the past.</p>