Wrong framing. I think it's more that universities are waking up to the markets' value correction for their product, about a decade too late. They nerfed the product into something of low value and are just becoming aware.
> A striking new analysis by economists José Azar, Mireia Giné and Javier Sanz-Espín finds that, after climbing for decades, the wage premium for college graduates in the US has fallen in every one of the past four years. The total drop is almost 10 per cent — its first sustained decline since the 1970s.
Wrong framing. I think it's more that universities are waking up to the markets' value correction for their product, about a decade too late. They nerfed the product into something of low value and are just becoming aware.
> A striking new analysis by economists José Azar, Mireia Giné and Javier Sanz-Espín finds that, after climbing for decades, the wage premium for college graduates in the US has fallen in every one of the past four years. The total drop is almost 10 per cent — its first sustained decline since the 1970s.
Paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7364838
https://archive.md/vVu0i