{"id":27785,"date":"2011-08-12T15:01:20","date_gmt":"2011-08-12T15:01:20","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/csm_the_higher_education_bubble_has_popped\/"},"modified":"2011-08-12T15:01:20","modified_gmt":"2011-08-12T15:01:20","slug":"csm_the_higher_education_bubble_has_popped","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27785","title":{"rendered":"(CSM) The higher education bubble has popped"},"content":{"rendered":"<p>A college degree once looked to be the path to prosperity. In an article for TechCrunch, Sarah Lacy writes, &#8220;Like the housing bubble, the education bubble is about security and insurance against the future. Both whisper a seductive promise into the ears of worried Americans: Do this and you will be safe.&#8221;<\/p>\n<p>But the jobs that made higher education pay off during the inflationary boom, kicked into high gear by Nixon waving goodbye to the last shreds of a gold standard, came primarily from government and finance.<\/p>\n<p>In 1990, 6.4 million people worked for federal, state, and local governments. By 2010, that number had grown almost 6 times \u201d\u201d to 38.3 million \u201d\u201d with many of these jobs being white-collar&#8230;.<\/p>\n<p><a href=\"http:\/\/www.csmonitor.com\/Business\/Mises-Economics-Blog\/2011\/0810\/The-higher-education-bubble-has-popped\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A college degree once looked to be the path to prosperity. In an article for TechCrunch, Sarah Lacy writes, &#8220;Like the housing bubble, the education bubble is about security and insurance against the future. Both whisper a seductive promise into<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27785\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,101,582,149,111,133,98,593,129,596,137],"tags":[],"class_list":["post-27785","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-children","category-consumerconsumer-spending","category-economy","category-education","category-history","category-marriage-family","category-personal-finance","category-psychology","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-young-adults"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27785"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27785\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}