Higher Education Bubble: Paul Krugman Questions the Value of a College Degree

Left-wing economist Paul Krugman questions the value of college degree:

In particular, the notion that putting more kids through college can restore the middle-class society we used to have is wishful thinking. It’s no longer true that having a college degree guarantees that you’ll get a good job, and it’s becoming less true with each passing decade.

So if we want a society of broadly shared prosperity, education isn’t the answer

It appears Paul Krugman thinks the law of diminishing returns is kicking in on higher education. For more on the higher education bubble, here's a Glenn Reynolds classic.