Earlier,
we wrote about the Obama administration’s attempt to
inject a race-conscious “disparate impact” provision into
colorblind anti-discrimination laws like the Fair Housing Act, and how that
could lead to risky, race-conscious lending, bad loans, and future bank
failures, mortgage meltdowns, and financial crises. Now, Ohio University
economics professor Richard Vedder highlights an additional area where disparate-impact
rules may be having a negative impact: higher education. (“Disparate impact” is
a term in anti-discrimination law for when a neutral policy happens to affect
minorities more than whites. One example is a standardized test that whites
pass at a higher rate than some minority group, even though test scores are
calculated the same way for members of all races. Some civil-rights laws
contain language authorizing “disparate-impact” claims, but others do not, and
are phrased in colorblind terms.)
Vedder
and others like George Leef of the Pope Center for Higher Education Policy
believe the disparate-impact concept is fueling the college-tuition bubble and
artificial competition for unnecessary paper credentials. At Minding the Campus, Vedder notes that
disparate-impact regulations in the employment setting…..To Read More…..
My Take - It
fascinates me that this continues. The Community Reinvestment Act was directly
responsible for the housing bubble and subsequent collapse that caused the
current worldwide economic mess, which also exposed just how fragile the
world's economic systems really are. So now they want to push the same insanity
that was disastrous again and expand the same fallacious thinking into other
areas. Is there anyone out there that thinks this is insane except me. And this
thinking originates from the graduates from some of the elite edifices of
higher education! Clearly; elite higher education is over rated, yet the system is rigged to force employers to hire college graduates.
Make sure to follow the links in this article.
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