For me, I think this proves that a masters degree is the new bachelors degree. For the next generation, will everyone need a Phd to get an ROI out of school?
For decades we have argued about education’s merits and ills, real or imagined. But while there was still a positive return, demand grew and we were able to educate our nation and workforce.
We have now reached a tipping point. The ROI of education has diminished for all and become negative for many. We have lost the ubiquitous positive financial return on education.