"Even if the 'stimulus' package doesn't seem to be doing much to stimulate the economy, it is certainly stimulating many potential recipients of government money to start lining uop at the trough. All you need is something that sounds like a 'good thing' and the ability to sell the idea. A perennial 'good thing' is education. So it is not surprising that the leaders of the Association of Public and Land Grant Universities have come out with an assertion that 'the US should set a goal of college degrees for at least 55 percent of its young adults by 2025.' ... Apparently the implicit assumption is that education is a 'good thing' that it is always better to have more of. But, if that is the case, why 55 percent rather than 75 percent, 95 percent or 100 percent?", Thomas Sowell at Townhall, 24 June 2009, link: http://townhall.com/columnists/ThomasSowell/2009/06/24/another_good_thing.
Yes, TS, why not 100%? The STEDCs never consider opportunity costs. I conclude, contra our Harvard professors, that too many Americans go to college now and the money they spend on it is a consumption expenditure, like buying candy bars.