“Gradually, making things in the US became less and less profitable. So, if you wanted to earn a good salary you had to go somewhere else. Finance, administration, accounting, law, education, or health care. The good jobs in these industries required college. That’s why you’re here. But wait, there’s more to the story. Unlimited credit also made it easier to support zombies and parasites. Government connived with industry to create quasi-monopolies, cartels, subsidies, guarantees and price supports. And the feds could add bureaucracy, controls, rules and regulations. For example, the education industry added few teachers, but lots of ‘educators’ and policy coordinators.”
http://moneyweek.com/college-is-a-con/
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