The demand for college grads is evident also in the jobless rate. While the overall unemployment level is at 4.3 percent of the labor force, the rate for adult college grads is a mere 1.7 percent. The low rate benefits even those with lesser education, since employers are compelled to teach new workers skills they otherwise might not obtain. In all, it means you can't overlook the American worker when assigning praise for the economic expansion that has confounded the pessimists and forced economists to restudy their old assumptions. More than just financial capital and advanced technology has produced expansion without inflation.
Credit is due also to human capital, American workers, with all their skills, creativity and energy.