MORE PROOF THAT - DESPITE WHAT INSTAPUNDIT SAYS - THERE IS NO "HIGHER EDUCATION BUBBLE"

INSTAPUNDIT POSTED AGAIN ON IT TODAY.

THE HIGHER EDUCATION BUBBLE HE CALLS IT.

THE ONLY THING GLENN REYNOLDS POSTS ABOUT MORE FREQUENTLY IS AMAZON - BUT AT LEAST HE MAKES MONEY ON THOSE POSTS, SO WE KNOW WHY HE DOES IT NONSTOP. (WELL FOUR TIMES TODAY!)

BUT SOMEBODY HAS GOT TO TELL GLENN REYNOLDS TO STFU WHEN IT COMES TO WHAT HE CALLS THE "HIGHER EDUCATION BUBBLE".

BECAUSE IT DOESN'T EXIST.

HERE'S MORE PROOF THAT HE'S BEEN BARKING WAY WAY WAY UP THE WRONG TREE:

In the latest salvo in the debate over the value of a college education, a new study concludes that getting any form of post-high school education is "almost always worth it." The merit of the degree applies, according to the study, even if a student attends a very expensive university.

Anthony Carnevale, who directs Georgetown University's Center on Education and the Workforce, says the case for graduating college rests on the "college wage premium"--that is, the wage gains that a college-educated person realizes over a lifetime compared with what a high-school graduate earns. That differential has increased from 75 percent in 2002 to 84 percent today.

And that gap isn't likely to close anytime soon. Even if 20 million more people were to get a college degree today, B.A.-holders would still earn 50 percent more than high-school graduates, Carnevale told reporters.

THERE HAS BEEN HIGHER EDUCATION TUITION INFLATION, BUT THERE IS NO BUBBLE.

IF HIGHER EDUCATION GRADS ARE HAVING A ROUGHER TIME NOW, IT'S ONLY BECAUSE THE ECONOMY SUCKS.

AND ONE OF THE ROOT CAUSES OF TUITION INFLATION IS THAT HIGHER EDUCATION HAS TOO MANY TENURED PROFS MAKING TOO MUCH MONEY.

BUT GLENN REYNOLDS DOESN'T EVER MENTION THIS FACT.

COULD IT BE BECAUSE HE IS A TENURED PROF?

I THINK SO.

GLENN REYNOLDS IS A GREAT BLOGGER AND HE;S RIGHT ON MOST THINGS.

BUT OT ALL.

AND BLOGGING TOO MUCH ABOUT THE IMAGINARY BUBBLE IS ONE THE THINGS HE IS MOST WRONG ABOUT.

HERE'S 3 MORE REASONS GLENN REYNOLDS IS WRONG:

• COLLEGE GRADS HAVE A MUCH LOWER UNEMPLOYMENT RATE THAN PEOPLE WITH NO COLLEGE EDUCATION.
  

• THE DIFFERENCE HAS NEVER EVER BEEN GREATER.

• AND COLLEGE GRADS EARN 600,000 MORE OVER THEIR LIFETIMES THAN HIGH SCHOOL GRADS.
  

SO GLENN: WAKE UP.