How Did College Education Become So Ridiculously Expensive?

[lumberjack_jeff]

41. Because there are too many workers.

Almost every social ill in the US boils down to that one observation.

In the case of higher learning, for decades people who are out of work have been sold the idea that it's their own fault because "they lack the skills to compete in the new economy". At one time, workers were scarce enough that employers had to train them, and offer incentives (retirement plans) to keep them. Not today. Today, employers require large amounts of arbitrary education to obtain jobs that normal intelligence and a high school reading ability enables workers to perform (did you know that a "bachelor's degree in social networking" is a thing?) This displaces the costs of labor onto the employees, and it's intentional.

Lower the workweek to 32 hours and raise the cost of overtime to 2x. Two simple changes to FLSA law that would fix everything.

It would be simple if the government actually worked for the people.