A while back, people ascribed the “need” for a college degree to politics of the day. Undergraduates/graduate students didn’t/don’t count as part of the “labor

A while back, people ascribed the “need” for a college degree to politics of the day. Undergraduates/graduate students didn’t/don’t count as part of the “labor force”, https://www.thebalance.com/labor-force-definition-how-it-affects-the-economy-4045035 https://www.thebalance.com/labor-force-definition-how-it-aff... and thus didn’t count as “unemployed”…leading to an lower official unemployment rate. More (employable) young people in college, lower official unemployment rate. Politicians in power are happy, but some young people end up getting implicitly incentivized to earn “junk” college degrees.