skimming at sandy beach
(Now at http://p.pdk.to/) I just noticed that it's been a smidge more than a year that I've been using posterous.
First, about half of college freshmen don't graduate, even after six years. Second, those who do graduate enter a job market in which only 20% of graduates can find a non-minimum wage job.
The graduates are four to six years older, minimally educated, have no full-time work experience, and have forfeited four to six years of income. I call this "formally certified stupidity." What would you call it?