May 29, 2012

HOW ACADEMICS INVENTED A NEW MIDDLE CLASS: “Why does this ‘attend college’ mania flourish despite ever more graduates struggling to find jobs worthy of a college degree? Many factors are involved, but one deserves special mention, namely how modern social science altered the definition of ‘middle class’ so just getting the degree, it was claimed, secured the American Dream. And with this new definition in place, a government committed to economic improvement began pushing as many young people as possible into college. What an uncomplicated solution to generating wealth–just award scholarships, build more colleges, hire more faculty, and just watch as the American Dream comes to everyone.”

Of course, that ran into Reynolds’ Law.