Many recent studies and reports have lamented the relatively meager job market open to graduates, especially those outside of rapidly growing fields.
In an exhaustive research review of the return on investment of a college education, the University of Toronto's Philip Oreopoulos and Uros Petronijevic find that not only college is as good an investment as ever, even as the supply of graduates has exploded.
The most convincing argument as to why that's happened? Technology. As computers and information technology get adopted, there are more jobs that require non-routine, abstract thinking — exactly what colleges hope to develop. In about 1980, the demand for college-related skills started to beat supply, and that's never stopped.