Loans and Economics

Kelly Evans reflects on the student loan situation, noting the poor job prospects of many Americans:

And this all comes as globalization and technological change have upended once-reliable career paths, wiped out many mid-level professional jobs and leave low-paying fields in health, food and beverage services, and retail as among the fastest growing job markets over the next decade. 

 Yet part of this might be an economics problem, not just a loan financing one.  Policy makers need to think about how new mid-level jobs can be encouraged.