Fast Company  Education's Economics Of Scarcity  All across the
United States, nay all around the world, the message about
higher education is uniform: More people should go to
university. President Obama has repeatedly stated on record that
"by 2020 America will once again have the highest proportion of
college graduates in the world." The Lumina Foundation is
working to increase the proportion of Americans with degrees to
60% by 2025. That would be a huge increase because currently
less than 30% of adults in the United States have a degree. The
demand is not limited to the United States alone: According to
UNESCO, India could build a new campus every two weeks until
2025 just to account for the demand.  During the short seven
months I spent at college, I, like so many other college
freshman, took Economics 101. I may not be able to explain a
giffen good, but I do recall one thing about the economics of
scarcity: As you create more of a commodity it becomes less
valuable.  Gold is valuable because it's scarc