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warning signs of higher ed bubble

The parents are paying $50,000 plus for their kids to sit in a lecture that starts with “telegram” and ends with “kilobyte”. The random abuse from the prof in between is not the real story.

Parents are willing to pay this because other parents are willing to pay it. This will crash someday.

Just for the record, I draw the line at showing up for class in pajamas and then snoring. A sharp rap on the knuckles with my ruler generally wakes them up.

Then there’s this on people in non-college jobs, with college degrees. Interesting, but hardly damning. Doesn’t adjust for age, and there are many reasons to get a degree that have nothing to do with careerism. I do wonder what these people majored in though – has anyone seen data on that?

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