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With college inflation rates rising nearly 500% since 1985, one might expect to see enrollment stagnating. However, quite the opposite has occurred. The tough job market has people convinced that the American dream comes with a college degree.
Based on this chart you can see that the number of students enrolling in universities is on the rise. However, people believe this directly correlates with getting a job. It sadly does not because the job market is getting smaller by the years and only the most accomplished people in society tend to land the desired jobs.
With the rise of community colleges, degrees that exceed high school are becoming increasingly common. This isn't necessarily a bad thing since no country has ever suffered from a more educated society. What's more, the increasing enrollment rate undoubtedly leads to increased levels of competition between employees that are seeking high level jobs. Again, this is not a bad thing. The only potential danger is that America is neglecting certain blue collar jobs and skill trades, but in my opinion, our market based economy will rectify this problem should it become too exacerbated.