In 1970, only 11 percent of adult Americans held college degrees. These degree holders were viewed as the nation's best and brightest. Today, over 30 percent hold college degrees, with a significant portion of these graduates not demonstrably smarter or more disciplined than the average American. Declining academic standards and grade inflation tend to confirm employer perceptions that college degrees say little about job readiness.
-Walter E. Williams
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https://www.lewrockwell.com/2017/08/walter-e-williams/a-college-education/