Keith Bradsher of the NY Times reports from China that the obsession with a college degree is not just an American one. He finds a nice, young couple who sacrificed everything so their daughter could go to a fancy college. That would be wonderful, but there’s a glut of college graduates now and no one knows how it will work out for their daughter, a sophomore. Will it all have been for naught?
Bradsher writes about China in a way that no one at the diploma-whipped NY Times could ever write about the good, old US of A:
It isn’t just the cost of college that burdens Chinese parents. They face many fees associated with sending their children to elementary, middle and high schools. Many parents also hire tutors, so their children can score high enough on entrance exams to get into college. American families that invest heavily in their children’s educations can fall back on Medicare, Social Security and other social programs in their old age. Chinese citizens who bet all of their savings on their children’s educations have far fewer options if their offspring are unable to find a job on graduation. …
But high education costs coincide with slower growth of the Chinese economy and surging unemployment among recent college graduates.
See, it’s all okay in America because Social Security and Medicare will take care of us. Sure.
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