Kokomo Tribune; Kokomo, Indiana

Breaking News

Columns

July 21, 2013

ED VASICEK: On college, Twinkies and BB guns

Human nature can be quite fascinating

The best way to make a small fortune in the stock market is to start out with a large one. Economics are not what they once were, and modern economics are impacting our colleges and universities.

One of my favorite “futurists,” Thomas Frey, projects that more than half of colleges will close their doors by 2030. With the popularity and convenience of online courses, rising costs, and a host of other factors, many traditional institutions will simply vanish.

He shares some surprising statistics:

“Last year 284,000 college graduates, including 37,000 advance degree holders in the U.S. were working minimum wage jobs in 2012,” he told the Wall Street Journal.

Out of 41.7 million working college graduates of 2010 in the U.S., 48 percent worked jobs that didn’t require a bachelor’s degree, according to the Huffington Post.

In China, a recent study projected that more than half of the 94 million Chinese earning college degrees between 2010 and 2020 will be working blue-collar jobs because of an oversupply of talent, the International Business Times reported.

Despite changing times, a college education — particularly if it is in the right field — can make a major difference. Of course there is no guarantee that today’s demand cannot be tomorrow’s glut.

We are certainly still reeling from the economic meltdown that began in 2008, so we are not in the ideal position to determine what the new “normal” might be. The national unemployment rate stands at 7.6 percent for June, yet many working Americans are not in the financial position they once were.

The Kokomo Tribune recently reported annual average family income in Indiana dropped from $79,599 in 2000 to $57,148 in 2011. That’s more than a fourth. In addition, some costs have risen since 2000. Because of rising health costs, rising taxes and lowered income, many of us now experience a lower standard of living than we once did. My suspicion is that, as the economy improves (if it does), college degrees will become more valuable than they now are, yet not as valuable as they once were (unless rightly targeted).

Text Only | Photo Reprints
Columns
  • DAVE BANGERT: Indiana's new chief justice and court's 'mom question' Two years ago, as Loretta Rush ascended from Tippecanoe Superior Court 3 judge to the state’s Supreme Court, I dropped this line in a column celebrating someone who had earned her place.“Across the state, the headline will be: ‘[Mitch] Daniels Choose

    August 14, 2014

  • JEFFREY McCALL: POTUS promises of transparency fail to materialize The United States system of government relies on citizens having full access to information that can be used in self-governance. Journalists and other First Amendment advocates were enthused when the Obama administration came into office with convinc

    August 14, 2014

  • Rob Burgess House of Burgess: RIP Robin Williams

    I was re-watching the 2006 movie “Little Miss Sunshine” Monday when I heard my phone buzz. After the credits had rolled, I looked at the screen and found myself shocked.It was a news alert that Robin Williams had died that morning at the age of 63 of an apparent suicide.

    August 13, 2014 1 Photo

  • ANDREA NEAL: 'Paddle Your Own Canoe' is a Hoosier inspiration

    Editor’s note: This is one in a series of essays leading up to the celebration of the Indiana Bicentennial in December 2016. James Whitcomb Riley was the most acclaimed, but he wasn’t the first Hoosier poet to gain national fame. Sarah T. Bolton dese

    August 13, 2014

  • DAVE BANGERT: Rokita, illegal immigration, Ebola outbreak and context At first listen last Monday, there was something so unsavory about our congressman, Todd Rokita, whipping up two full-fledged crises — Central American children at the U.S. southern border and the African scourge of Ebola — into one pungent sound bit

    August 12, 2014

  • DAN COATS: Let's give nonprofits relief from IRS delays A flurry of scandal has recently surrounded the Internal Revenue Service.Over the past few months, we have learned about missing emails from IRS employees and revelations of clear bias and hostility by a top IRS official towards organizations with ce

    August 12, 2014

  • BRIAN HOWEY: Pitchforks and pikes in our summer of discontent Congress is ... embarrassing. Our political system is failing us. On an individual basis, many of us have respect for members of our delegation. We can have a common sense conversation with a senator, congressman or congresswoman, and then they go ba

    August 11, 2014

  • DICK WOLFSIE: Enough reminders to forget It began with a simple phone call to my friend, Auri, a computer geek I asked to help me with my very successful website, which right now is attracting up to three visitors a month. To have a strong online presence, you have to spend several hours a

    August 11, 2014

  • ED VASICEK: Outsourced jobs, health crises in foreign lands The other week, my Internet was giving me trouble. I called the support number, and — to my surprise — I spoke to a representative who sounded as American as apple pie. It turned out the technical problem was an oversight on my end and fixed quickly.

    August 10, 2014

  • MICHAEL HICKS: Dodging corporate taxes Corporations are among our oldest institutions. Something like a joint stock company probably triggered the earliest formal written communication — the accounting ledger. It should be unsurprising that the early traders of Mesopotamia used a corporat

    August 10, 2014

Latest news
Featured Ads
Only on our website
AP Video
Changes Coming to No-Fly List Raw: IDF Footage Said to Show Airstrikes Police: Ferguson More Peaceful Raw: Aftermath of Airstrike in Gaza Raw: Thousands March on Pakistani Parliament Raw: World's Oldest Man Lives in Japan Fire Crews Tame Yosemite Fire Raw: Police Weapon Drawn Near Protesters, Media Raw: Deadly Landslides in Japan Raw: Explosions in Gaza As Airstrikes Resume Arrests Witnessed in Ferguson Charter Schools Alter Post-Katrina Landscape Texas Gov. Perry: Indictment 'a Political Act' US Officials: Video Shows American's Beheading Video Shows Ferguson Cop Months Before Shooting Water Bottles Recalled for Safety Researcher Testing On-Field Concussion Scanners
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller