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In the 1970s and 1980s, the US led the world on college enrollment. In fact, since the passing of the GI bill in 1944, America had been forging a path. That bill led to 2.2 million American infantrymen attending university in the 12 years in was in effect.
But a generation later, the US hasn’t changed at all, while the rest of the developed world has more or less caught up with it – and some of its key competitors have overtaken it.
The country could once boast the best educated workforce in the world. No longer.
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Notice, however, that both Germany and Australia have lower percentages of college graduates, but fairly robust economies. This is because those countries have fantastic vocational programs, that steer a lot of high school graduates into tech jobs. Australia’s TAFE system adapts much easier to the workplace that 4 year colleges do – sort of like our Jr. Colleges. Maybe it’s not so bad that fewer people are getting business degrees – haha. We need more computer scientists and engineers.