by Cato 8/27/14
These two graphics are closely related. Unfortunately. Too many junk majors coming out of colleges and universities; too few STEMs. And current federal policy … legislative, regulatory, fiscal and monetary … is making robust economic recovery ever less likely.
The longer we over-produce commercially useless BAs, and the longer that federal policy set continues, the more entrenched each of these dislocations becomes; the more damaging they become, and the harder it will be to turn them around.
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