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'43% of recent college grads are underemployed'? A cynic might rephrase as '43% of a trillion-dollar industry's customers were swindled out of massive amounts of money by false promises and media hype about the economic value of a college degree'https://twitter.com/FT/status/1061861920632922112 …
PPS making college 'free' (paid from worker taxes rather than student debt) would obviously inflate the whole credentialist bubble to an absurd degree, so employers would soon require masters degrees rather than BAs as entry-level credentials.
Is this what happens in other places where tuition is provided by the government?
It's certainly happened in Britain, where I worked in academia for 9 years.
This is already functionally the case in many areas because people with masters are competing for those same spots
Also having taxpayers fund 4 year holiday retreats for the wealthiest Americans is a pretty regressive scheme of you ask me.
Depends on how hard it is to get in.
Control that bubble by raising entrance requirements. Further, improved output through superior input. Numerus Clausus.
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