The Presidential Daily Brief

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    How Low Unemployment Can Help Reduce Spiraling College Costs

    A low unemployment rate is great for many reasons, but among the less obvious advantages is how it helps to fundamentally reshape the job market in ways that benefit American workers. For one, it forces businesses to compete for labor, opening up new opportunities to workers who may previously have faced barriers to good jobs and pay. This in turn can chip away at a bloated and costly higher education system that plunges many people into massive debt in a bid to land desirable jobs, while at the same time elevating the value of a technical and skills-based education. 

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