The other higher education bubble: labor supply

Stefanie Botelho's picture

In the conservative imagination, the archetypal professor is Grady Tripp from Wonder Boys, Dave Jennings from Animal House, or Dr. Talc from A Confederacy of Dunces. They have old corduroy sports coats with worn suede elbows, stale lectures, incomprehensible publications, poorly kept offices, and leering stares for young co-eds. The truth is far different.

Most professors are men and women in worn-out clothes from their senior year of college (the last time they could afford clothes). They no longer have offices, but they have up-to-date lectures. They chase jobs, not co-eds.

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