College Grads: Not So Scarce
Economists regularly warned in the 1990s that the U.S. faced a shortage of educated workers. The fears were fed by official projections from the Education Dept. which seemed to show an impending decline in the number of new college graduates. For example, an Education Dept. report released in 1997 projected that the number of new bachelor's degrees granted each year would actually decline for the rest of the 1990s.
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