But the actual work of instruction is increasingly being done not by actual scholars but by adjunct instructors who are paid by the class at starvation rates.
And the student body at third-tier schools is often just plain not ready for traditional college classes.
So, colleges are charging ever more, and offering an increasingly debased product, to people who aren't actually able to receive it. Lovely industry, really.
I think the questions worth asking at this point are:
a) How long can this go on?
b) When it can't, what will happen?
Interestingly, some top companies have dropped their requirements for a college degree.
