Summary Response

I. Evolving view of college – introduces Cappelli book – history versus reality II. HCT: more college ＝ more rewards —˃ does this hold up? – partially true – Pay Scale – benefit is there, not as big as it used to be – tremendous variation III. Screening theory: applies, but differently than in the past – dilution of degrees – institution: arms race – skill differential IV. Harder for grads to get a job: changing workforce – lower number of high paying jobs – harder for grads to get high paying job – changes to workforce (ie AI, hiring changes) – hard for students to know how to chose a major wisely, changes happening quickly V. Conclusion: – more grads would still have a problem finding jobs – realism necessary – establishes benefit: why college should be promoted (social mobility) – suggesting policies to decrease college costs – reframes issues