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" ... What makes this idea so doubly excrementally bad is our nation has badly overinvested in higher education. Nearly one-half of newly graduated American college graduates do jobs that historically have been occupied by those with modest educational backgrounds, usually a high school diploma. We have millions of “underemployed” Americans in the eighth year of an economic expansion. Over 40 percent of those entering four year schools fail to graduate–in six years. Millions of college graduates work as retail sales clerks, baristas, and taxi and Uber drivers making modest incomes. They are crowding out qualified high school graduates from these jobs. ... "