College degrees are declining in value, but you don’t have to take this conservative critic of higher education’s word for it. Here’s a chart from the Progressive Policy Institute showing income levels for Americans age 25 – 34 with a college degree.
Note that the downward trend begins well before the 2009 economic collapse and our current national job market malaise:
Meanwhile, here’s the trend line for tuition costs:
Soaring costs and declining or stagnant value is the definition of a bubble. And, as is usually the case, what’s driving this bubble is government policy aimed at promoting higher education. Just as the problem with the housing bubble was government policy promoting home ownership.