Commentary
For decades, parents have sacrificed and students have gone into debt to fund college degrees that lead nowhere. But the college scam may be up soon—not thanks to any moral awakening on the part of college administrators.
Instead, a tight job market is motivating more employers, including Google, IBM, and some state governments, to scrap degree requirements and open up jobs to nondegree-holders. Elon Musk, who decided “college is basically for fun,” has for years evaluated applicants at Tesla based on skills, not a diploma.
This trend should make college consumers skeptical about blindly forking over a fortune. For too long, Americans have been buying the idea that a degree in something, anything, is necessary to launch a career and join the middle class….