The decline of college as we know it

The headlines are coming in fast and furious. The Wall Street Journal had this one two weeks ago: "College Grads in Minimum Wage Jobs". Apparently as many as 284,000 young Americans who have graduated with a college degree over the past three years work as restaurant waiters, store cashiers, and lifeguards - because, in spite of their college degree, these are the only jobs they could get. What's worse, 37,000 of them have advanced college degrees.

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