The four-year undergraduate liberal-arts degree is one of the last great bastions of inefficiency left in America. For better or for worse, it is beginning to die, withering under the heel of the inescapable imperatives of capitalism.
, nearly all focused on the liberal arts, that have either closed entirely or been merged into a bigger neighbor since 2016 — including nine just in Massachusetts.
"Cazenovia College has survived through many difficult and challenging times — the Great Depression, World War II, a major campus fire in 1959, and more, but the current financial challenges are more than the College can overcome,"First is rising prices, driven by the fact that it's hard to make productivity improvements in English Literature courses.
a college degree for many jobs — which significantly increases the amount of money you can expect to make when otherwise you'd be earning nothing at college.Between the rising cost of college and the rising opportunity cost of going to college, the extra money you need to be able to earn as a result of getting a degree, over and above the amount you'd earn without one, has to be larger than ever in order to financially justify such a major purchase.
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