Ohio University prof Richard Vedder is the director of the Center for College Affordability and Productivity, and “has taught college economics since 1965″.
Yes, yes, I know that sounds like the invention of an especially droll satirist: “I took out a quarter-million dollars of debt getting my degree in College Economics,” etc. Nevertheless, Professor Vedder has some sobering statistics in this weekend’s Wall Street Journal:
“Thirty-percent of the adult population has college degrees,” he notes. “The Department of Labor tells us that only 20% or so of jobs require college degrees. We have 115,520 janitors in the United States with bachelor’s degrees or more. Why are we encouraging more kids to go to college?”
I note at the end of my weekend column the waste of America’s human potential and the diversion of more and more of the workforce away from activities that add real economic value. The remorseless expansion of “higher” “education” is a big part of that national tragedy.