A Succinct Look at the ‘Great Degree Scam’

by Thomas A. Shakely

Richard Vedder, director of the Center for College Affordability and Productivity, joined Andy Nash in this week’s episode of InsideAcademia.tv. Vedder drove home the point that much of the problem with college — probably the core factor leading to a “higher-ed bubble” — is simply that ”number of graduates is growing faster than the number of jobs.”

At the five-minute mark, Vedder also hits on an under-discussed issue: that despite high subsidies in many states for public colleges and universities, states are still experiencing lackluster economic growth.

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