The acceptance ratio is a poor measure, because applying to multiple schools is easy. Likewise, I first remember skyrocketing ratios of applicants to job openin

The acceptance ratio is a poor measure, because applying to multiple schools is easy. Likewise, I first remember skyrocketing ratios of applicants to job openings when laser printers became ubiquitous. In between college versus apprenticeship, students could apply for both and then pick the one that seems like the best deal.