Last Friday, the New York Times ran one of those standard pieces on how American prosperity is “threatened” by the fact that some other nations now have a higher percentage of young people with college degrees than we do. I’m not surprised by the piece, but I am somewhat surprised that the writer didn’t even bother soliciting any dissenting views or casting doubt on the claim that we need more college graduates by pointing out that for years, large numbers of college-educated people have been taking low-skill, low-paying jobs.
Like its advocacy of Keynesian economic theory, it’s evidently an article of faith at the NYT that more formal education is always good.