RECOMMENDED READING
Policy in Brief: Financing Higher Education
Policy Brief: Self-Financing by Colleges
Policy Brief: Student Debt Relief the Old-Fashioned Way

Globalization’s ailments were supposed to have a ready cure. Education would prepare American workers to take advantage of the dynamic and well-paying careers of the future, even as many jobs that once supported families and communities headed overseas. American firms, employing this increasingly skilled workforce, would outcompete foreign rivals and expand into new markets.

When these things did not happen — when wages stagnated, cheap imports flooded domestic markets, and American exporters struggled to gain footholds abroad — many assumed the problem must be with education too. Employers lamented “skills gaps” that left them unable to find the talent they needed.

Colleges, already receiving more than $200 billion in public funding each year, demanded greater resources. Economists and pundits devised creative euphemisms to sound original as they repeated ad nauseum their prescription of education and training and, when those didn’t work, more of the same.

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Oren Cass
Oren Cass is the executive director at American Compass.
@oren_cass
Recommended Reading
Policy in Brief: Financing Higher Education

On this episode of Policy in Brief, Oren Cass and Chris Griswold discuss how we should finance higher education in the U.S.

Policy Brief: Self-Financing by Colleges

Place higher education’s risks on institutions, not students

Policy Brief: Student Debt Relief the Old-Fashioned Way

Make student debt dischargeable in bankruptcy instead of canceling loans