Governments have overestimated the economic returns of higher education
I suspect that at least some of this is due to confusing cause with effect: people see that most highly successful people have a collage degree, and wrongly conclude that anyone with a collage degree will be highly successful.A few of the other problems with this increased drive to send people to collage is that now a collage degree is required -- as the article points out -- as a signal of employability even for jobs where a high school education would suffice; a drive away from trade school, even when a job in the trades pays well and is quite secure; and of course the debt load that comes with collage, even for a degree is in a field with little chance of providing a good return on the cost of the degree.