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: The Buck Stops Here

Quote of the Day

By Stuart Buck

From Randall Collins, "Credential Inflation and the Future of Universities," in The Future of the City of Intellect: The Changing American University, ed. by Steven Brint (Stanford Univ. Press, 2002), p. 26: Credential inflation is largely supply driven, not demand driven; it is driven by the expansion of schooling, like a government printing more paper money, not from demand by the economy for an increasingly educated labor force. The opposing theory, that rising educational requirements have been determined by the functional requirements of jobs in the modern economy, does not hold up under the evidence. I summarized that evidence twenty years ago . . . and have seen nothing since then that leads me to believe that educational requirements are any more demand-driving in our era of educational hyperinflation ...continue to full post

Full post as published by The Buck Stops Here on February 28, 2008 (boomark / email).