This shouldn't be news, nor should for-profit colleges be singled out for derision: lots of people waste borrowed money on useless degrees.
After graduating from the Art Institute of Fort Lauderdale, Carrianne Howard hoped to find a job in the video game industry.She did -- kind of. For $12 an hour, she worked as a recruiter for video game companies. And then her position was eliminated. So now, she's working as a stripper.
According to Bloomberg, Howard spent $70,000 on her degree from the for-profit Art Institute of Fort Lauderdale, the parent company of which is owned in part by Goldman Sachs. She told Bloomberg that upon a pre-enrollment visit to the school, a campus tour guide "made it sound like [she] was going to make hundreds of thousands of dollars."
Heck, at UCLA they had a whole department dedicated to studying women, but it sounds like Howard it going to eat their lunch.
(HT: RD.)
Is the enrollment decline of men in college caused (in part) by the decreased sociological pressure upon men to be successful and productive in order to provide for a future wife and family?
Women are no longer required by society to mate with only one man or risk future poverty associated with an out-of-wedlock pregnancy. Women, by virtue of the pill and to a lesser degree, abortion, are free to engage in sex with whom ever they prefer. And the criteria need no longer include the males likely hood of being willing or able to provide for her in the future.
And so, with no need to commit, the women choose alpha males (to a large degree) to have sex with, leaving the beta males with no incentive to produce any more than is required for their simple material needs and comfort.