College grads in AIproof careers like psychology and education are seeing negative returns on their degrees
News Source : Fortune
News Summary
- A new report maps out the estimated payoff of a graduate degree.
- When factoring in the costs, some degree holders are actually coming out the other end with negative returns.
- The worst returns are for psychology graduate degrees, with a -8% cost-adjusted return, or the estimated change in lifetime income after accounting for the cost of attendance.
- The World Economic Forum found earlier this year that AI skills now command a 23% wage premium versus only 8% for a bachelor’s degree in isolation.
Theres a boom in the economy economics papers on the souring prospects of the recent college graduate in the AIera economy of the 2020s. Harvard economists Lawrence Katz and Claudia Goldin found in [+5239 chars]
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