A new study by the Center on Education and the Workforce at Georgetown shows that more than 5 million workers without a college degree have lost their jobs since the economy went into meltdown in 2008. To make matters worse, it’s increasingly more difficult to obtain a college degree in America. As Bloomberg News reports, since 1978 the price of a college degree has increased by more than 1,120% - much higher than most other essentials like healthcare, housing, and food.
If this trend continues, then people born today should expect to spend more than $400,000 a college degree by the time they become of age. College has now become a luxury only for the rich – and not a tool that anyone can use to achieve the American Dream – like it used to be. In order to create a more egalitarian economy and bring back the middle class – we need to do what other developed nations are doing: make college free.