Saturday, March 17, 2018

My Comment To "You Can’t Work Your Way Through College Anymore" in WSJ Opinion.

My published comment to The Wall Street Journal Opinion, "You Can’t Work Your Way Through College Anymore: In 1956, I waited tables for $1 an hour. That was enough to pay for one-sixth of my Yale education." by Richard R. West, March 16, 2018:
The lack of high paying employment opportunities without a college degree increased the demand for degrees, reduced university price competition, and increased tuition. Additionally, in 1971, the US Sup Ct in Griggs v Duke Power effectively outlawed aptitude testing of employees as discriminatory, made the college degree the major source of signaling competency and removed the major alternative career path to a degree. The anti-discrimination employment laws passed to increase minority hires were used to question dismissals due to underperformance. Employers became more cautious in hiring and increased their education requirements. Fed loans are a response and not the main cause of higher tuition.