Economic Stratification and College Admission

“American politicians are demanding that college be free and open to everyone, but at the same time they are helping to create a political economy that demands a college degree even for lines of work that should not require higher education at all. As this country makes the unfortunate transition from an entrepreneurial market economy to one that is becoming increasingly dependent upon political power, college takes on an oversized role. The greatest irony is that higher education in the USA is becoming as important to one’s financial future as it was in the former Soviet Union even outside the so-called professions.”

https://mises.org/wire/economic-stratification-and-college-admission