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THE DWINDLING POWER OF A COLLEGE DEGREE
Until the early 1970s, less than 11 percent of the adult population graduated from college, and most of them could get a decent job. Today nearly a third have college degrees, and a higher percentage of them graduated from nonelite schools. A bachelor's degree on its own no longer conveys intelligence and capability. To get a good job, you have to have some special skill - charm, by the way, counts - that employers value. But there's also a pretty good chance that by some point in the next few years, your boss will find that some new technology or some worker overseas can replace you. The article was in The New York Times Magazine.