The Deeper Education Issue Under the College Bribery Scandal

The college admissions bribery scandal has all the components of a made for TV movie, including suspense, celebrities, and unexpected twists and turns. Behind the broken admissions process and the drama, however, a different educational crisis is looming. According to a 2018 Korn Ferry study, by 2030, there could be a global talent shortage of more than 85.2 million people, costing an estimated $8.5 trillion in unrealized annual revenue. In the US alone, the study forecasts $1.7 trillion in lost revenue due to labor shortages—roughly 6 percent of the entire economy. The scandal du jour makes it easy to wag fingers and focus on the foibles of prominent helicopter parents, but perhaps we should be having a different discussion about …