Looking ahead at the next bubble to burst: higher education. Costs keep going up at traditional four-year colleges, in part because professors do not make teaching their prime activity.
While students write poorly, professors prattle instead of teach. Meanwhile, parents pay tuition because it's socially the thing to do—and they've also bought the talk that college graduates earn much more than non-graduates. That's true, but an education economic expert estimates that two-thirds of superior earning comes from the intelligence and character of the earner rather than the degree itself.
by Marvin Olasky
While students write poorly, professors prattle instead of teach. Meanwhile, parents pay tuition because it's socially the thing to do—and they've also bought the talk that college graduates earn much more than non-graduates. That's true, but an education economic expert estimates that two-thirds of superior earning comes from the intelligence and character of the earner rather than the degree itself.
by Marvin Olasky
