As the Manhattan Institute’s Steve Malanga shows here, even as employment has gone down elsewhere in the public sector in recent years, it keeps growing in higher education.
I think this demonstrates the great extent to which higher education has been given sacred-cow status. Higher-ed lobbyists are always well connected with legislators, many of whom are graduates of state universities. They take advantage of the carefully crafted notion that the more we “invest” in higher education, the better off the state will be.
Some might argue that this proves that the higher-education bubble can’t burst. I think it means that the number of job losses will be all the greater when it finally does.