The USA needs a million more graduates with 200k in debt and an Art Appreciation, Sociology or Minority Studies degree.
If not for robots avoiding the raised minimum wage by replacing wage earners, these people almost could have qualified for order-taking jobs at McDonalds.
No it means more college grads who are low paid.
And in debt.
It also doesn’t mean the college grads are any smarter than they were before.
“Why, anybody can have a brain. That’s a very mediocre commodity. Every pusillanimous creature that crawls on the Earth or slinks through slimy seas has a brain. Back where I come from, we have universities, seats of great learning, where men go to become great thinkers. And when they come out, they think deep thoughts and with no more brains than you have. But they have one thing you haven’t got: A DIPLOMA.” - Wizard
It would push down earnings for college grads.
It would push down earnings for college grads.
Why should it? In fact it might mean lower pay for those without a college degree because many jobs usually associated with non-degreed people would be filled with those with a college degree.