Maybe someone on HN can answer this for me. Why are these articles about the American system written as if they are new developments. Nothing in this article sounds any different from how things were 50 years ago, and probably earlier. I am guessing that 1. more kids are going to college today than 50 years ago (that should be a good thing) and competing for spots at top schools (thus more competition) and 2. the Ame…
The key thing is there's nothing for these grads to do except compete with one another for a share of increasingly limited spots.
It's new in the sense that it's really the first time that Americans will have to acknowledge that one of the tool that was supposed to be the champion of social mobility (education) is no longer working well. And, that America will probably resemble the very thing it loathed: a sort of immobile society where your prospects will be increasingly determined by your parents position in society. Basically a lot like Britain, except with the veneer of American Exceptionalism.