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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So, the University of California, *not* all of academia.[/quote]

Stanford University, MIT, Northwestern University, Cornell University, University of Notre Dame, Emory University, University of Washington, and North Carolina State University are among other institutions that have announced either full or partial hiring freezes. You should expect more to follow suit.

[/quote]

Anyone who knows anything about academe knows that this has been going on since the pandemic when enrollment continued its trend of falling off the cliff.  A college education has become too expensive and the cost benefit analysis is not always in the favor of throwing yourself into debt for 10 years.[/quote]

The "folk wisdom" on this is total bullshit. Even accounting for the huge differences between the average student who goes to college and one who does not, there is very good evidence from very good administrative data that going to college causes one's earnings to go up, even for the most marginal students.

See, e.g., https://www.nber.org/papers/w32296

Also notice in that paper that it's not just the individual rate of return to college students that is large. The "social" rate of return is large too. That's another way of saying that when people spread this folk wisdom to discourage people from going to college, they are making the world worse off, full stop.[/quote]

Does that account that marginally admitted students are likely more well off to begin with.  You know like the Varsity Blues sting where rich kids were cheating to get in.  I was the opposite I was an exceptional student with a free ride(with fafsa), but very little return on the college degree.   It took me nearly ten years to get a job in the field and am still making median wages for my area.

Higher education is nothing but a social sorting system.[/quote]

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