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Google’s Eric Schmidt reacts sharply to tech critics who call college overrated

Mark Zuckerberg dropped out of college to create the revolutionary ‘Facebook’. Was it a mistake? If we go by what Google chairman Eric Schmidt feels, it probably is a mistake!

Promoting his new book, The New Digital Age, Google’s chairman Eric Schmidt expressed his views on the importance of higher education. Disagreeing to some recent claims made by a few tech critics who called college ‘overrated’, he said, “There are various people who run around and make claims that higher education is not a good use of your time: they’re just wrong.”

The most recent claim was from Facebook investor, Peter Theil, who called higher education a bubble. He has been working towards offering fellowship to exceptionally talented kids who want to become entrepreneurs instead of going to college. Another tech investor, James Altucher called ‘college a scam’.

Schmidt justified his stand by saying, “The economic return to higher education over a lifetime produces significant compound greater earnings.” But when the audience grilled him further on the growing wages of colleges making it difficult for many to afford, he said, “I appreciate it’s expensive and we need to fix that. We have to figure out a way to do it.”

According to Schmidt, regardless of a student’s goal, college is worth it. “If all you care about is money, you should go to college. If all you care about is culture and creativity, you should go to college. If all you care about is having fun, you should go to college. Go to college. I can’t be any clearer.”

Do you agree? Write to us what you feel about it…

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Source: Tech Crunch

Kalpana Sharma

She has worked with some of the esteemed publications in India like Times Life- the Sunday supplement of India’s leading daily, Times of India and EFY- BenefIT magazine.


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