The simplest way to describe what inflation is, is by saying that it is the loss of value in a particular thing. 

When talking about inflation, we are often referring to money and the economy. Not in this episode though. 

In this episode I am actually talking about what I call Academic Inflation, which would be the decrease in the value of a college degree.

If you haven't noticed by now... a lot of college graduates are having a much more difficult time finding worthwhile jobs with their degrees than graduates did in, let's say, 1985. 

This is because while the price of college has been going up and up and up, the actual value held within that degree has gone down drastically. 

The reason? Supply and Demand. 

Very similar to how inflation works in the economy, the supply and demand of college education has greatly affected the actual worth of the degree. 

Find out more by listening.

--------

Justin Phillips: 

YouTube:  https://www.youtube.com/channel/UC_moctBGU-tfwSANYXl9OCg 

Facebook: https://facebook.com/jrpbusiness

Instagram: https://instagram.com/jrpbusiness

Twitter: https://twitter.com/jjustinrp

Website: https://justinrp.net/