If the proponents of near-universal higher education get their way, in another couple of decades, more than half of adults will be college graduates — and by definition some of them will be in jobs that pay below average. The higher education establishment will then claim that in our complex world, post-graduate degrees are vital: a master’s in janitorial science, for example. Isn’t this over-credentialization leading to a huge waste of scarce human resources?
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