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Sunday, August 30, 2009

Article "It's time to study the value of college"

Excellent piece by David Frum. Here are two paragraphs from his commentary:

"Over the past decade the cost of college tuition has approximately doubled, faster at private colleges. This rapidly inflating investment is yielding a declining return. The earnings of bachelor-degree holders have been dropping this decade. After inflation, B.A. holders earned more than $54,000 in 2000. That dropped 5 percent over the next four years.

What happened? Some point to international trade. It used to be only blue-collar workers who faced international job competition. Today, so do bookkeepers, software engineers and certain health care technologists."

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