Thanks for posting this article, Stephen.  "professional proletariat" - love
it.

Randall does a good job of describing the process as it evolved, along the
lines of "the house that jack built", so that I was reminded of supply chain
management of the academic world.  Is that a fair description?

If so, I have to confess to a cynical opinion of management in the
nonacademic world becoming an exercise in balancing "just in time" inventory
of qualified credentialed hires against noncredentialed hires.  Oh well,
people as commodities.  It's not a new thing.

I guess if you accept the following early paragraph, the rest of the article
can be accepted whole:

For example, in the 1960s and '70s, as competition for managerial positions
grew among those who held bachelor's degrees, M.B.A.'s became increasingly
popular and eventually the new standard for access to corporate jobs.
Holders of such degrees have attempted to justify the credential by
introducing new techniques of management - often faddish, yet distinct
enough to give a technical veneer to their activities.  Similarly,
credentialed workers in other occupations have redefined their positions and
eliminated non-credentialed jobs around them.  THUS, THE SPIRAL OF
COMPETITION FOR EDUCATION AND THE RISING CREDENTIAL REQUIREMENTS FOR JOBS
HAVE TENDED TO BE IRREVERSIBLE.

...especially if the closing paragraph is not challenged:

Eventually, the inflationary trend gets going again.  As a society grows
richer, it can afford to allow more people to spend time competing in the
education marketplace instead of directly in the workplace.  BUT CREDENTIAL
INFLATION AND ECONOMIC GROWTH ARE NOT PERFECTLY SYNCHRONIZED.  In an era of
poor job prospects, the educational system plays an important role in
warehousing people and keeping them temporarily off the job market - thus
holding down unemployment.  It may even serve as a hidden welfare system,
doling out support in the form of student loans and subsidizing work-study
programs.

Such results occur whether government budget-makers are aware of what they
are doing or not.  In that sense, we may have entered a period in which we
can't politically afford to stop the processes that feed credential
inflation

I will leave it to the others who have more personal investment in this
discussion to argue whether we should intervene with policy or allow the
free market to takes its course.  Great food for thought - and your timing
couldn't have been better.  -  Karen Watters Cole
[EMAIL PROTECTED] wrote:
> Why do we think that people earn higher degrees to earn more money?  Maybe
> the love of learning and understanding drives them.
>
>> From: William B Ward [mailto:[EMAIL PROTECTED]]
>> I have been associated with some good schools and some mediocre ones and
>> can attest that doctoral degrees are more a measure of tenacity than any
>> basic intelligence. Why is it that Michael Dell and Bill Gates could drop
>> out as undergraduates and do so well? ...
>>
>> I remember some years ago a Canadian article that pointed out that
>> not one
>> of the Canadian bank presidents across the Dominion had completed
>> university...
>> high IQ's as related to professional competence
>> are not the be all, and end all, of the discussion.
>>
Keith had written:
>>> the pace of innovation means that high-IQ
>>> individuals with high level technocratic skills is becoming
>>> increasingly required.

Here's an interesting piece that seems to me to put things
into a useful perspective. (I pass it on since it may not be
readily available to all.)

It raises the question whether we only think we see high
level skills and high IQs, whereas they are really a mirage
caused by a steady inflation in credentials (which tends to
be accompanied by a devaluation of each credential itself).
I know for a fact that my father studied Botany, German,
Latin, mathematics, etc in his rural Ohio high school almost
100 years ago at a level now only available in college or
university. One of his boyhood friends who dropped out in
Grade 10 to go sweep up at the bank became - you guessed it
- president of the bank and a very succesful man.

In any case, the discussion below seems to get many things
right while remaining at the level of socialized individuals
and not requiring any hypotheses from evolutionary
psychology or biology, not needing Pinker or Dawkins.

best wishes,

Stephen Straker

<[EMAIL PROTECTED]>
Vancouver, B.C.
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