Jack Hough makes an argument similar, in some ways to the one that Charles Murray has been making of late. College is no longer a sure economic proposition. That’s a crude way of looking at it, but given the state of things, we should also add that nowadays it often is not, in fact, a sound educational proposition either.
The question we need to ask is not simply whether, from an economic standpoint, whether college is worth the cost. (As a practical matter, that is a genuine question, even if, a true eduction is priceless). The question we need to ask is what can we do to raise the real, as opposed to monetary value of education. As our republic presumes the presence of an informed citizenry, improving the schools is imperative, or we’re sunk.