Is a college education ~really~ all it’s cracked up to be… anymore? Or, why has tuition increased 300% in 30 years?

College costs expose the false meritocracy of the American dream

The cost of an education in America has risen so much that only the wealthy and indebted can attend. The system doesn’t work

Post by Chris Arnade Photography.

Chris Arnade received his PhD in physics from Johns Hopkins University in 1992. He spent the next 20 years working as a trader on Wall Street. He left trading in 2012 to focus on photography. His “Faces of Addiction” series explores addiction in the south Bronx neighbourhood in New York City. Follow him on Twitter: @Chris_arnade

Chris Arnade

theguardian.com, Wednesday 18 June 2014 07.30 EDT

As a college student, Chris Arnade picked Florida watermelons to pay for school. His daughter can’t do the same.
Photograph: Alamy

When I entered Wall Street in 1993 with a PhD, I was an anomaly. One of my bosses was a failed baseball player, another a frustrated jazz musician. One of the guys running one of the most profitable businesses, in both my firm and all of Wall Street, was a former elevator repairman. Their college degrees – if they even had them – were from all sorts of schools, not simply the Ivy leagues.

By the time I left Wall Street a few years ago, the only people being hired were the “play it safe kids”. The ones with degrees from Princetons and Harvards. You know, the ones who had organized a soup kitchen in eighth grade (meaning, really their parents had) to load their resumes. The ones who had gone to the state science fair (meaning their parents or nannies had spent many weekends and nights helping with a science project).

 Few of these hires where rags-to-riches stories. Most had parents very much like those already working on Wall Street – wealthy and dedicated to getting their children whatever they needed, regardless of cost. Many were in fact the children of Wall Street parents.

It is not just Wall Street. Most of the best paying jobs now require a college degree, or post-college degree, and still rarely hire from state schools. They want Ivy schools, or similar. That feels safe.

This is a problem. Businesses have abdicated their primary role in hiring, handing it over to colleges, which have gladly accepted that role, and now charge a shit-load for it. Want a job kid? Pay $60,000 a year for four years. Then maybe pay for another two to get a MBA.

Yet, those best schools do not teach kids anything radically different from what the average colleges do. They do not prepare them better for the day-to-day work of Wall Street. Those finance skills are learned with experience and instinct after two years of training – on the job.

Rather, a prestigious education is a badge given to students who can follow the established rules, run through the maze, jump through hoops, color between the lines, and sit quietly. It shows that they really, really want to be a grown-up. For that, they pay $60,000 per year.

It has become a test. Are you part of the meritocracy?

It also has become a barrier of entry to professionalism – a very costly barrier of entry.

A rigid system of ‘feeder’ schools is in place for parents who want their children to attend schools like Harvard, which have a reputation for then ‘feeding’ major Wall Street firms. Photograph: Porter Gifford/Corbis

Nursing shortage could be compounded by faculty shortage

One of the inevitable consequences of an aging population is the loss of their significant contribution and influence upon society from myriad perspectives.

To account and plan for such inevitabilities is not simply wise, but rather, it is common sense and a hallmark of effective and competent management.

Having been warned of the potential for crisis, we would be wise to double down on solutions.

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Nursing Schools Brace For Faculty Shortage

by Sandy Hausman, WVTF

Listen to the Story Morning Edition; August 3, 2012; [4 min 16 sec] Download; 04:43 am

There have been lots of goodbye parties this year at the University of Virginia School of Nursing. So far, eleven professors have retired. That’s one-fourth of the faculty, and Dean Dorrie Fontaine is in no mood to celebrate.

Nursing students in a simulation lab at the University of Virginia School of Nursing. Photo by: Elizabeth Lee Cantrell/UVA School of Nursing

Over the next few years, the Affordable Care Act will probably boost demand for nurses to take care of the newly-insured, she says, “And I need faculty to teach the practitioners that are going to take care of these uninsured.”

In the last year, more than 76,000 qualified applicants were turned away, in large part because nursing schools didn’t have enough professors. Polly Bednash heads the American Association of Colleges of Nursing. She explains that nurses comprise the oldest workforce in the nation, and many of them kept working during the recession.

“They are going to leave in droves and are already leaving in some places where the economy is getting better,” she says.

Finding professors to

Where the Jobs Are: Is the Nursing Job Market a mixed bag?

Eminent nursing researcher & scholar Dr. Peter Buerhaus, PhD, RN, FAAN has made a career studying Nurses, and suggests that the jobs picture for new nurse grads is good, and that they may be facing one of the best job markets in decades.

A 2009 study he conducted found that, “Registered nurse (RN) employment has increased during the current recession, and we may soon see an end to the decade-long nurse shortage. This would give hospitals welcome relief and an opportunity to strengthen the nurse workforce by addressing issues associated with an increasingly older and foreign-born workforce. The recent increase in employment is also improving projections of the future supply of RNs, yet large shortages are still expected in the next decade. Until nursing education capacity is increased, future imbalances in the nurse labor market will be unavoidable.”

A 2004 study of his said that, “Wage increases, relatively high national unemployment, and widespread private-sector initiatives aimed at increasing the number of people who become nurses has resulted in a second straight year of strong employment growth among registered nurses (RNs). In 2003, older women and, to a lesser extent, foreign-born RNs accounted for a large share of employment growth. We also observe unusually large employment growth from two new demographic groups: younger people, particularly women in their early thirties, and men. Yet, despite the increase in employment of nearly 185,000 hospital RNs since 2001, the evidence suggests that the current nurse shortage has not been eliminated.”

Most recently, research he worked upon which was published in the December 2011 issue of Health Affairs found that “because of this surge in the number of young people entering nursing during the past decade, the nurse workforce is projected to grow faster during the next two decades than previously anticipated.”

In essence, “...the nurse workforce is now expected to grow at roughly the same rate as the population through 2030.”

They also cautioned however, “that the dynamics of the nursing workforce are more complex than sheer numbers.”

Lead researcher and RAND health economist David Auerbach said, “Instead of worrying about a decline, we are now growing the supply of nurses.”

Here’s something very interesting, however.

In that same issue of Health Affairs, a survey conducted by Christine Kovner of New York University examined the low “mobility” of new RNs. The most striking finding was that

First, it’s all about the sex. Then, you learn you gotta’ get along. Here’s some help on the getting along part.

It’s been said concerning marriage, that folks are attracted to each other because they make each other horny – if for no other reason.

Then, they get married – ’cause they think 0ne another other “hot.” And, that they are. It’s a case of pure, raging hormones. “Estrogen calling testosterone… come in testosterone. Oh… there you are!”

The sex comes easy. Then, to stay married, they figure out and learn how to live with each other.

And that requires a whole lotta’ work and forgiveness.

How do we treat one another?

How do we want to be treated?

How do we need to be loved?

Marriage Guide for Busy Couples

By Ellen Wachtel, JD, PhD

Marriages start out tender and loving… but demanding careers and the daily job of running a home and raising children turn too many relationships into cold, methodical business arrangements.

As a marital therapist for more than 25 years, I’ve found that most couples have little time or energy for the complicated “relationship exercises” that are frequently suggested by some therapists. So I’ve developed very simple strategies built on basic truths about what makes love last. These strategies can be integrated easily into everyday life to reverse negative relationship patterns and build on positive ones.

They are effective even if just one spouse starts practicing them.

* Make your spouse feel good about himself/herself — and then your spouse will feel good about you. In strong, loving relationships, couples make ego-boosting comments to each other every day.

* Look for admirable qualities in your partner. It becomes too easy to

New Registered Nurse Grads Face Tough Job Market

For the first time in many years, new Registered Nurse graduates face a contracted job market, and may face tough employment prospects, adding to an already dismal national economic portrait.

Researchers such as Vanderbilt University’s Dr. Peter Buerhaus, PhD, RN, FAAN, the U.S. Bureau of Labor Statistics (BLS) and others have warned about the impending Nursing shortage. However, because of the poor overall economic conditions of the United States, many experienced RNs have foregone retirement, and or have come out of semi-retirement or translated part-time and PRN jobs into full-time status and have therefore made many hospitals flush with Nurses.

Previously, many experienced Nurses would have taken PRN (Latin for “pro re nata,” meaning “as needed”) or part-time positions, working anywhere from one shift every two weeks, 12 hours weekly, or in some cases no more than 24 hours weekly at most. Most Nurses are hospital-based employees, and work 12-hour shifts, and a typical full-time work week for Nurses is three, 12-hour shifts in a 7-day (one week) period.

Nursing has been, and continues to be a predominately female-populated profession, so the indicator of hospitals flush with Nurses is indeed a fascinating observation on at least two accounts. It speaks volumes about dire national economic conditions because women have found themselves in the unenviable position of having to work, and in many cases being their family’s primary breadwinner.

In an article published by Alabama & New Jersey’s State Nurses Association, Dr. Buerhaus shared his perspective on “The Short and Long-term Outlook for Registered Nurses in the US.” He wrote in part “that once the jobs recovery begins and RN’s spouses return to work, many currently employed RNs could leave the workforce.”

He noted further that while RNs’ employment prospects continue to be… To read more, click here.

UAH President Dr. David Williams to resign

The good president cannot recover from this coup de grace, and will be forced to resign amidst public outcry from the students, their parents, the university’s employees (faculty and staff) while the Board of Trustees remains curiously silent.

In the coming days and months, the university will face significant losses from civil lawsuits over