The other higher education bubble: labor supply

Stefanie Botelho's picture
Tuesday, March 11, 2014

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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