To be fair, a Ferrari will normally retain its value, assuming you don't damage it. A degree on the other hand, even with the utmost extreme care, becomes worthless the day you drive it off the lot. Guaranteed. In fact, it is likely less than worthless as you will no doubt have to pay someone to dispose of the piece of paper for you.
So, yes, you make a good point. The employer is, all else equal, most definitely not selecting the degree holder if hiring is done based on financial resolve. Imagine dumping all those resources into a degree that has no resale value – literally worthless – only to apply to a job that identical people without degrees are also applying to. Not a display of financial literacy, that is for sure.
To be fair, a Ferrari will normally retain its value, assuming you don't damage it. A degree on the other hand, even with the utmost extreme care, becomes worthless the day you drive it off the lot. Guaranteed. In fact, it is likely less than worthless as you will no doubt have to pay someone to dispose of the piece of paper for you.
So, yes, you make a good point. The employer is, all else equal, most definitely not selecting the degree holder if hiring is done based on financial resolve. Imagine dumping all those resources into a degree that has no resale value – literally worthless – only to apply to a job that identical people without degrees are also applying to. Not a display of financial literacy, that is for sure.