Just Say No to College

College has never cost more. At the same time, the quality of education, especially in the liberal arts, has never been lower. But you have to have a college degree to get a good job, right? That depends on what you consider good. I spend most of my day blogging and reading the blogs of others because what I am paid to do is so mind-numbingly boring and most of the people I work for so mind-bogglingly stupid, that if I didn't do something else, my head would simply explode. Fifty years ago, a college education was a sizable advantage to the size of your paycheck. Twenty-five years ago, I was told that a college degree would soon be required for any entry-level job. A lot of other kids must have been told the same thing because college enrollment exploded. Without looking up the answer, what does standard economic theory say about the price of a good when its supply increases? What happens to the price of a good when demand for it decreases? What happens when both happen at the same time? Think about that, then go read this.