There is continuing controversy over whether there is a higher-education bubble, but higher ed has definitely been "in the bubble" for a long time, deliberately sealed off from any connection to its underlying economic value.
Higher Education in the Bubble
Higher Education in the Bubble
Higher Education in the Bubble
There is continuing controversy over whether there is a higher-education bubble, but higher ed has definitely been "in the bubble" for a long time, deliberately sealed off from any connection to its underlying economic value.