Dr. Richard Vedder
Dr. Richard Vedder, Distinguished Professor Emeritus of Economics at Ohio University, authored a column in Forbes headlined “The Triple College Crisis: Crisis #3. Too Few Good Jobs.”
College enrollments have fallen for seven years in a row and a growing number of schools are closing. While many blame demographics (a sharp decline in American fertility rates) or high college tuition fees, I think prospective students are reassessing the entire collegiate value proposition and, in growing numbers, concluding that going to college is a risky and sometimes losing investment, not at all the sure-fire ticket to financial success implied by some of the more exuberant propaganda from the College for All crowd.
Read more of his column in Forbes.
This is part of a series of many posts over several months on the state of American higher education, planned around his forthcoming book, Restoring the Promise: American Higher Education Today, out May 1 from the Independent Institute.
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