Trends that hit the black community tend to follow in the working class and, later, middle class and wealthy white communities, perhaps under different circumstances but ultimately similar in nature. Compare the crack/cocaine epidemic with the opioid epidemic, for example. While I support the expansion of elite education, I think it's naive to expect it to be a panacea. Someone still has to see enough value in these grads to hire an order to two magnitude mire highly-paid professionals than there were before. Save some other concurrent intervention, what's more likely is that you'll have more highly-educated underemployed workers than ever.
I doubt that.
https://web.archive.org/web/20140525060607/http://www.cepr.n...
Trends that hit the black community tend to follow in the working class and, later, middle class and wealthy white communities, perhaps under different circumstances but ultimately similar in nature. Compare the crack/cocaine epidemic with the opioid epidemic, for example. While I support the expansion of elite education, I think it's naive to expect it to be a panacea. Someone still has to see enough value in these grads to hire an order to two magnitude mire highly-paid professionals than there were before. Save some other concurrent intervention, what's more likely is that you'll have more highly-educated underemployed workers than ever.