Another Person Sees that There’s a Higher-Ed Bubble
Writing at Forbes, Jerry Bowyer (a finance guy) looks at costs and returns on higher ed and concludes that it’s bubbling up just like the housing market.
The first comment on the piece is just priceless in its haughty arrogance. No one is suggesting that college education be restricted to only the wealthy. In fact, many kids from wealthy families are the most intellectually disengaged party maniacs of all. Furthermore, even if it were true that India and China are leaping ahead due to increasing numbers of college graduates (in China, there is now a huge glut of underemployed young people with college degrees, as I mentioned in this post), that wouldn’t disprove the argument that we’re wasting resources here by processing lots of young people through college who don’t learn much and won’t get good jobs.