All of these contribute to today's high rates of student debt, except:
The wage gap. |
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The United States now having a postindustrial/information economy. |
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Credential inflation. |
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Government disinvestment in higher education. |
Ans. The United States now has a postindustrial/information economy
Post-industrial society refers to an economy that undergoes a transition from the production of goods to the provision of services. In other words, the post-industrial society is the stage of society's development when the service sector generates more wealth than the manufacturing sector of the economy. The existing literature demonstrates that the United States was the first country to have more than fifty percent of its workers employed in service sector jobs.
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