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POINT OF VIEW
College degrees, once the possession of a tiny elite of professional and wealthy individuals, are now held by more than a fourth of the American population. But as educational attainment has expanded, the social distinctiveness of the bachelor's degree and its value on the marketplace have declined -- in turn, increasing the demand for still...
The Dirty Little Secret of Credential Inflation
By RANDALL COLLINSCollege degrees, once the possession of a tiny elite of professional and wealthy individuals, are now held by more than a fourth of the American population. But as educational attainment has expanded, the social distinctiveness of the bachelor's degree and its value on the marketplace have declined -- in turn, increasing the demand for still...
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