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| Permalink View Article Stats The Higher-Education Bubble Has Popped Quicklink submitted by Darren Wolfe (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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Students and their parents are investing in the higher-order good of a college degree, in the mistaken belief that plenty of jobs await college graduates at the end of four or six or seven years. However, time preferences haven't changed. The demand for consumer goods remains, and that's where the jobs are. The boom in demand for bankers, barristers, and bureaucrats is over. |
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