Posts Tagged ‘Worker Income’

College for all is an economic red herring

April 9, 2015

wages-productivity-educationSource: The Atlantic.

SDT-higher-education-02-11-2014-0-06Senator Rick Santorum was right, or at least partly right.  Only a snob would think that you have to be a college graduate to be a success in life.

Now President Obama didn’t exactly say that in the 2012 campaign, not in so many words, but the focus of his policy is that high schools should make their graduates “college-ready” and that a college diploma is a key to economic success.

This is a red herring.  It is a diversion from the real economic problems, especially the erosion of the wage-earning middle class.

Thomas Geoghegan pointed out in his new book, Only One Thing Can Save Us, that when the President says lack of higher education is the cause of economic inequality, he is writing off the 68 percent of Americans age 24 to 64 who don’t have college diplomas and never will.

Suppose, he asked, that Obama and the Democrats succeed in pushing the college graduation rate up to 35 percent or even 40 percent, which would be hard to do.   Obama is still writing off the majority of working-age Americans.

The President is in effect telling high school graduates that the reason it is so hard for them to find decent-paying jobs is that they didn’t go to college.  And as for the the one in five male college graduates and one in seven women graduates whose income is less than that of the average high school graduate, it is because they attended the wrong college or majored in the wrong subject.

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