For years government has assumed it's a good thing to go to college. College graduates tend to earn more money than non-college graduates.That's just the warm-up, here's the good part:
Politicians of both parties have called for giving everybody a chance to go to college, just as they called for giving everybody a chance to buy a home.
So government has been subsidizing higher education with low-interest college loans, Pell Grants and cheap tuitions at state colleges and universities.
The predictable result is that higher-education costs have risen much faster than inflation, much faster than personal incomes, much faster than the economy over the past 40 years.
For what have institutions of higher learning accomplished with their vast increases in revenues? The answer in all too many cases is administrative bloat.And they'll keep increasing tuition, and asking for more taxpayer money, as long as they can get away with it.
Take the California State University system, the second tier in that state's public higher education. Between 1975 and 2008 the number of faculty rose by 3 percent, to 12,019 positions. During those same years the number of administrators rose 221 percent, to 12,183. That's right: There are more administrators than teachers at Cal State now.
These people get paid to "liaise" and "facilitate" and produce reports on diversity. How that benefits Cal State students or California taxpayers is unclear.