So argue Richard Vedder and Daniel Garrett at Inside Higher Ed. That is, the study is public relations for the higher-ed industry, just another effort at keeping the bubble expanding a while longer.
The study advises young people that all of the time and money it takes to obtain a college degree is “resoundingly” a good investment because having a degree may give them “an advantage” in the labor market. I think that is bad advice for the large number of young Americans who are not interested in or good at academic pursuits. The costs are high while the benefits are very speculative.