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How many college graduates does it take to fix the economy?

I have an op-ed published in my college newspaper, The Michigan Daily, discussing the problems with President Obama’s plan to boost the college graduation rate:

In that case, college degrees are a product — an expensive, time-consuming product — with a remarkably high failure rate. If a third of the cars coming off the line at Ford Motor Company were defective, would anyone still buy Fords? Would we urge the state to invest huge sums of money in a faulty manufacturer?

Apparently, Obama would. Melody Barnes, a White House policy advisor, made the president’s case for higher education in a Huffington Post article just last week, reiterating Obama’s goal to boost the U.S. college graduation rate to 90 percent by 2020. Barnes noted, somewhat bizarrely, that half of today’s 30 fastest-growing jobs require a college degree — as if the statistic strengthened her case. But this also implies that half of the 30 fastest-growing jobs do not require a college degree. In other words, graduating from college provides about as many opportunities as not graduating from college, but the Obama administration still wants everyone — or nearly everyone — to go for the degree. This is lunacy, not policy.

Read the whole thing here.

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