«It is not immediately clear that distributing more graduation diplomas will make us rich, any more than telling the Royal Mint to print more £10 notes would. According to Hesa (the Higher Education Statistics Agency) 57% of Greek 20-year-olds are at university and only 10% of Danish. Which is the wealthier country? You don't need a Greek degree in economics to answer that.»
Richness aside, does sending people to college make them smarter? Does it make them more educated and informed instead of merely more schooled?
In my times of moderate cynicism, I sometimes think that most of the problems in US schools are because of US society's strange non-educational current expectations of them -- things like "everyone who's not actually retarded should be able to get a high-school diploma", "if you didn't go to college, you clearly aren't that bright", and "vocational education is for dumb people", to say nothing of the weird ideas about how high-school's highest mission is preparing people for college (which these days means cramming them with as many of those fetid AP classes as possible) -- instead of, say, making them well-rounded and capable people.