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Sep 10 2018

Bonanza Ending for Higher Education?

The party might be winding down for the outlandishly expensive boondoggle that higher education has become. This swindle is falling prey to the tight labor market:

Job recruiting site Glassdoor recently reported that companies like Google, Apple, IBM, Bank of America no longer require that applicants have a college degree.

Neither do companies like Costco, Whole Foods, Publix, Chipotle, Home Depot, Starbucks.

Students have been digging themselves ever deeper into debt to finance increasingly useless degrees. The rest of the country is going into debt with them:

Further fueling this college bubble has been an upward spiral of federal grants, aid, subsidized loans and tax credits. College Board data show that federal college aid shot up 93% between 2001 to last year, after adjusting for inflation. …

Over those same years, public college tuitions climbed 72%.

A few parasites are getting very rich at everyone else’s expense.

College administrator jobs have climbed much faster than student enrollment.

Tinseltown is probably the only place on earth where you could find people more absurdly overpaid than educrats.

Prominent Democrats call for free college for everyone at public expense. Meanwhile, college has become ever more a means of staving off adulthood at the cost of wasted years that could have been spent starting families and generating wealth rather than extending adolescence.

Some jobs truly require a college education; most do not. A large part of what is taught in college serves no constructive purpose. Much of it is pernicious.

College isn’t always a scam. Within traditional parameters, it is a critical component of society. It will return to those parameters when only people who have a sensible reason to be there go to college.

That happy day will come sooner if intelligence tests are allowed for job applicants. This would require overturning the Supreme Court’s Griggs v. Duke Power Co. ruling, which determined that intelligence tests are racist because they discriminate against racial groups that are less intelligent. Holding a college degree, which costs many thousands of dollars and wastes precious years of time, is used as a proxy for the inexpensive tests due to political correctness.

Hat tip: Maggie’s Farm.

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