There is a job market for college graduates, but only for those who attend quality schools, get good grades, and take quality programs that prepare them for the job market.<quoted text>
You must have missed the part about factories and plants using robots and computers when assembly lines once employed a lot of non-college candidates who made rather decent money.
Those jobs are either gone or few and far between.
Skills training and technical schools are highly overlooked but my point was high schoolers often go to college because the only alternative is McDonalds.
So, yes, they do end up flipping burgers with college credits.
Galt once did some work for a major corporation in the construction equipment business. The plant employed thousands of highly-paid non-college graduates and had newly-installed modern equipment. The union (UAW) insisted on a wage scale that paid floor sweepers almost as much as the most skilled machinist in the plant. The company wanted to institute a tiered wage structure for new employees, while leaving existing employees unaffected. The union refused to negotiate, despite company threats to move. So the plant was closed and the equipment moved to a state where the labor market was more receptive to modern reality.
The children of the former employees are probably working at McDonald's instead of the plant where their parents worked.