Heh, indeed.

We’ve noted the higher education bubble a few times here before, but today’s news story from FuelFix, an online publication of Statoil, is worth chortling over:

South Dakota’s New Mining Grads Beat Harvard for Pay.

Harvard University’s graduates are earning less than those from the South Dakota School of Mines & Technology after a decade-long commodity bull market created shortages of workers as well as minerals.

Those leaving the college of 2,300 students this year got paid a median salary of $56,700, according to PayScale Inc., which tracks employee compensation data from surveys. At Harvard, where tuition fees are almost four times higher, they got $54,100. Those scheduled to leave the campus in Rapid City, S.D., in May are already getting offers, at a time when about one in 10 recent U.S. college graduates is out of work.

I’ll save Glenn Reynolds the trouble: Heh.

JOHN adds: This comes as no surprise, of course, to us South Dakotans.


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  1. JessicaHof says:

    Interesting sign of the times.

    • I thought so as well, says a lot about how well fracking is working.

      • JessicaHof says:

        Indeed – and, from me, a good morning my friend :)

        • Such a lovely way for mine to be ending, my friend :-)

        • JessicaHof says:

          That’s nice – in work now :)

        • I see, I’m back but you’re working, I’d guess. :-)

        • JessicaHof says:

          Yes, I was :) x

        • Something we all have to do :-) x

        • JessicaHof says:

          Yes indeed. I am on a short lunch hour now – which is nice :)

        • Quick chance to check up on things, eh? :-)

        • JessicaHof says:

          Yes, for once I have a chance to shut myself away at lunch rather than have the world and his wife wander past demanding my attention.

        • “have the world and his wife wander past demanding my attention.”

          A wonderful turn of phrase, that.

        • JessicaHof says:

          Thank you kind sir :) it is certainly how it has been feeling these past few days :)

        • Mine, the last few day hasn’t been bad, but I surely know the feeling, Maam. :-)

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