November 27, 2011

HIGHER EDUCATION BUBBLE UPDATE, TOM-FRIEDMAN-CALL-YOUR-OFFICE EDITION: China to Cancel College Majors That Don’t Pay. “The move is meant to solve a problem that has surfaced as the number of China’s university educated have jumped to 8,930 people per every 100,000 in 2010, up nearly 150% from 2000, according to China’s 2010 Census. The surge of college grads, while an accomplishment for the country, has contributed to an overflow of workers whose skillsets don’t match with the needs of the export-led, manufacturing-based economy.”

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