Get together with a group of academics and the talk will quickly turn to the dismal job market.

I ran into my old babysitter in the city over the weekend. Her husband has a PhD in anthropology from an Ivy League and a book, but he's still doesn't have a tenure track job. He's got a lousy post-doc that pays around $30,000 per year.

At a party a couple of weeks ago, one woman told me that there were five political theory jobs in the entire country. Colleges just aren't hiring.

Despite Obama's talk about the importance of community colleges, the community college system has had to slash their programs due to budget cuts. 

Dean Dad writes that while we make drastic cuts to our system of higher education, the Asian countries are putting more money into their system. How will we compete with these nations if our colleges are squeezed, our manufacturing system are not modernized, and our health care costs crush us? Where is our comparative advantage?