A hundred and fifteen thousand of them, to be exact, according to Ohio University economist Richard Vedder. That’s what you get when you major in gender studies, sucker.
Meanwhile, the usual Democrat blather about pushing more people through college by handing out cheaper and cheaper loans is fueling an academic arms race that can only end poorly:
“The colleges raise their fees more than they otherwise would,” Vedder says. “This provides extra income for the colleges, which goes for a ton of different things — luxury facilities, more administrators, higher pay for people, and the like — and makes college less affordable.
“So the president, who is now talking, and says, “Gee, we ought to do something about this,” is instead of saying, “Well, let’s get to the root cause of this. Let’s get” — the one thing he can control or Congress can control — “let’s get rid of these programs, or let’s downsize them in some fashion,” instead is saying, “No, we want to keep these programs.”
Make them even bigger and badder. Wormtongue is such a genius.
“I think markets work,” says Vedder. “Sometimes they work slowly. Sometimes they work inefficiently because of subsidies and taxes and regulations imposed on markets that distort them. But I think kids are starting to say no. Enrollments are falling. They’re not rising right now in American higher ed.”
Via Instapundit.
THE TEXAS SCRIBBLER 