The most scandalous statistic in higher ed

Richard Vedder reveals in the Chronicle of Higher Education what he thinks is “the single most scandalous statistic in higher education”:

Approximately 60 percent of the increase in the number of college graduates from 1992 to 2008 worked in jobs that the (Bureau of Labor Statistics) considers relatively low skilled — occupations where many participants have only high school diplomas and often even less.

That stat alone, he writes, reveals “many current problems and ones that will grow enormously as policymakers mindlessly push enrollment expansion amidst what must become greater public-sector resource limits.

Read the full story here — his article The Great College-Degree Scam.