It's regularly pointed out that a very small, single digit percentage of applicants to schools like Harvard, Yale, Princeton and Stanford is actually admitted to those schools. Interesting about this is that difficulty when it comes to gaining admission has traveled well beyond the schools mentioned. No doubt some of those reading this piece attended schools 10, 20, 30 or 40 years ago that they wouldn't stand a chance of getting into today.
The reality of college admissions seemingly speaks to a lot of factors, but an obvious driver is that the popular lament about stagnant wages stateside since the 1970s is a monumentally absurd myth. There's been great economic liberalization since the ‘70s, and earnings for American workers have soared. The world's producers don't eye U.S. market share excitedly because Americans are stagnant, but because their earnings continue to grow. This truth has plainly factored into even greater demand for limited seats at the palaces that we call American universities.
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