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Market Failure

Updated on January 30, 2012

Problematic Markets

A market failure that we are experiencing today is the unemployment rate after college. Students are majoring in fields that will not give them a high enough salary so that they would not be able to pay for all the student loans after they graduate. It is claimed that an education is a person’s right and that he/she should be able to go after their degree. I know that times are hard, but I firmly believe if you want a better life for yourself, than college should be your foundation for a better and brighter future. I know for sure that you can’t reap a harvest, if you don’t sew a seed. It is just theoretically impossible.

I believe that is important to want to achieve success and better your life, but sometimes others have a different perspective about those things. The author of this article states that…”Slots will have to be reserved for students that can actually profit from them, restoring graduation rates to where they were before colleges were flooded with people who don't belong there, including illiterate freeloaders.” I find this author to be a little irrational, if you will. Sometimes students are mind boggled when they graduate from high school. They have their whole lives ahead of them and they are overwhelmed and full of confusion. There are so many opportunities and they just don’t know what direction to go in.

By having the marketing failure with education, proves that nothing is written in stone. You may very well graduate and get a job that has totally nothing to do with what you’ve majored in. I guess sometimes it just turns out that way. Although hire learning may not lead you to the job or career of your dreams, it stills gets you in the door before someone who does not carry a degree. Things just tend to turn out that way, I guess.


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