The Left desperately wants this further giveaway by Uncle Sam. One of the strongest arguments against it is provided in this post by GMU economics professor Bryan Caplan — it will exacerbate our problem of credential inflation.
He explains: “When the share of college graduates rises, the availability of good jobs barely changes. The more degrees job seekers have, the more degrees job seekers need to keep their applications out of the garbage can. When formal education expands, students need college degrees to get the same jobs their parents got with high school degrees – and their grandparents got with even less.”
Caplan refers to his incendiary book The Case Against Education, where he set forth his strong reasons for believing that pushing education on society is mostly a waste of resources that benefits the providers but makes the nation worse off.
Read the whole thing.