Monday, February 21, 2011

Right Sizing Higher Ed

I notice the headline in the Rogers Morning News this Sunday. Northwest Arkansas Community College President Johnny Haney warned that the proposed capital gains tax cut could hurt higher education funding. Indeed it could, but when we already have more college graduates than we have jobs that really require college degrees, then maybe its time to boost business at the expense of higher education. I mean, do we really need higher ed funding to continue to increase when there are fewer and fewer jobs in the state for graduates to take?

At some point, hopefully things rebound and we find that there is a shortage of college graduates in some fields. Maybe THAT would be a more rational time to subsidize college. Right now, higher taxes are a bigger obstacle than lack of a college educated workforce in creating a business-friendly climate.

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