As I repeatedly say on this blog, you can’t figure out the problem of education people by looking at the education system by itself. You also have to look at the society the system purports to serve. People go to college to get a degree yes, but that is not their only consideration. In many cases it is the first step of a long term plan to enter a career field. (of course not everyone goes to college with a plan)
So it is with this in mind that I present this nifty graph. (H/T minyanville)
Can anyone make an argument that this will have no effect whatsoever on higher education?