3 ms·
Demand isn’t fully inelastic. Many people are forgoing college that would’ve gone 20 years ago. It’s not huge yet, but it is happening. The rest of your point
by solarmist 3y ago
Demand isn’t fully inelastic.
Many people are forgoing college that would’ve gone 20 years ago. It’s not huge yet, but it is happening.
The rest of your point stands though.
- toomuchtodo 3y agoAgreed, but they're forgoing college because they better opportunities without acquiring the traditional credential(s) due to a tight labor market, demographics and older folks retiring making trades and non college paths more lucrative, etc. The debt load is not worth the potential opportunity benefit. The whole "get a college degree if you want to be middle class" scam is evaporating, which results in your observation. https://reason.com/2023/03/31/poll-most-americans-dont-think-a-college-degree-is-worth-the-cost/ https://reason.com/2023/03/31/poll-most-americans-dont-think... https://apnews.com/article/skipping-college-student-loans-trade-jobs-efc1f6d6067ab770f6e512b3f7719cc0 https://apnews.com/article/skipping-college-student-loans-tr...