An article in the New York Times this week reported on the surge in education after the Great Depression. The article said, “In 1930, only 30 percent of teenagers graduated from high school. By 1940, after a decade in which there often was nothing better to do than stay in school, the number had jumped to 50 percent.” The article went on to say, “In a historical echo, the share of young adults in recent years who graduated from college happened to be about 30 percent.” Longtime readers of our publications know that we’ve been discussing the growing pro-profit...
