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January 29, 2025
Key Points Executive Summary State governments have significantly exacerbated the phenomenon of degree inflation, where jobs increasingly require college degrees that were not previously necessary. State hiring practices and stringent occupational licensing laws perpetuate this trend. These policies restrict access to various professions, create labor shortages, and reduce the return to a college education for…
December 2, 2024
Key Points Executive Summary Higher education suffers from barriers to entry. Though the ranks of students at traditional colleges have grown by 29 percent over the past three decades, the number of active institutions has declined. Four in five students today attend an institution that was founded before 1970, and virtually none attend a school…
October 2, 2024
Executive Summary and Introduction: For generations, society has told high school students that college is a great investment. The case is familiar: college graduates typically earn more money than their peers without degrees, and a college education is necessary for the 21st century labor market. For low-income students especially, college has been sold as a…