The writer’s conclusion that the statistics he’s looking at indicate that far more people ought to be getting BA degrees seems absurd, since we know that quite a large number of college grads now wind up doing jobs like aerobics instructor. So where is the problem in the stats? Here’s a possibility — they lump together people who earned their degrees decades ago, before the great dumbing down of college so it would appeal to almost everyone, with recent grads.
The writer also mentions the possibility that O’Keefe and Vedder discuss briefly in their recent paper on the impact of Griggs v. Duke Power, namely that the credential mania has squeezed those without college degrees into competing for a shrinking number of jobs avenues, few of which usually lead to high incomes.
I’d like to see what Charles Murray and Rich Vedder would say in response.