June 12, 2014

HIGHER EDUCATION BUBBLE UPDATE: Obama’s New Student Debt Plan Will Exacerbate America’s Widening Skills Gap. “President Barack Obama’s new plan to decrease student debt will only make the problem worse since there is a deficit of workers in skilled trades, but a surplus of people with college degrees. Neal McCluskey of the Cato Institute reported last week that a third of graduates with a bachelor’s degree are in jobs that don’t require the credential. Underemployment is even worse for people with graduate degrees.”