mrstickball said:
Its not surprising. I've said it a thousand times, but looking at bachelor's degree statistics by decade is very eye-opening. Here's a link: http://nces.ed.gov/programs/digest/d11/tables/dt11_300.asp From 1976-7, approximately 919,000 million degrees were conferred to men and women. In 1989-90, it was 1,050,000, or an increase of 10,000 degrees per annum. From 1989-90 to 1999-2000, it jumped to 1,237,000, or an increase of 18,700 degrees per annum (a 87% increase in the growth per annum in just 10 years). From 1999-20 to 2009-10, it jumped to 1,650,000, or an increase of 41,300 degrees per annum - an increase of 120% in 10 years.
What should that tell you? The growth of degrees conferred has ballooned 413% in just 20 years. Just like home ownership, that creates artificially high prices, meaning our students are over-paying and under-recieving when it comes to college. Even worse, the critical STEP degrees are doing horrible. There has been virtually no growth in the number of students in ~30 years. Those are the degrees that *really* matter, as they create technologies that drive our economy forward. |
That's not how you compute an increase or a rate of growth..
An increase of 120% over 10 years like you write it would mean 2.7 million degrees in 2009-10.








