The Economics of Education

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Screenshot taken from this Craigslist Ad

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CL ad is nuts

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In this economy, the desperate search for jobs can lead people pretty much to do anything. More and more, recent college graduates are seeing the job market get smaller and smaller and are more likely than not working in the service industry or some other field that's not related to their major and making far less money than they would have say, ten years ago.

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The problems are many and diverse, so much so that, in such a troubled economy, people have found a way to make money off of all those unemployed kids sitting on their parents' couch. The whole idea of spending six figures on a tuition when you'd be incurring that debt for years go come has to weigh on the minds of many a college student (even the wealthy ones), and fill them with (at worst) anxiety and (at best) the desperate urge to succeed where so many others have failed.

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Or as a student at Tulane or Loyola, you could circumvent your education and just put an ad on Craigslist offering $200 for a 30 page accounting term paper (not including sources) and completely lose the sympathy of any and all people (including fellow students) working hard to pay off debts or string enough freelance part-time jobs together to pay the rent. (Context: One could make more writing a 1,000-word feature story than doing this).

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