>the marginal college graduation should increase the number of white-collar jobs I'm arguing that this degree-required job isn't created ex-nihilo, but rather

>the marginal college graduation should increase the number of white-collar jobs I'm arguing that this degree-required job isn't created ex-nihilo, but rather at the expense of the "best" job that used to not have a degree requirement. In other words, the average price of hiring a college graduate goes down because we're now hiring them as daycare workers and firefighters, and the positional advantage of a college degree now includes eligibility for these jobs.