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I'm torn on the degree issue. I think the more people that have the opportunity the better. Though I don't think anyone should feel obligated to get a degree.
I only went and completed school because "that's the good and proper thing to do." And now I want to go on for even more education.
I actually think having the market value of a degree fall is a good thing. It just means that the baseline educational level of our population is rising. The bad thing is that academic standards are also being lowered.
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