The author is a neocon ex-speechwriter for Bush II. Note the bizarre focus on the nominal wage of college graduates instead of the relative bonus college graduates earn over high school graduates. Wages may be falling for college graduates, but they truly suck for high school graduates.

Given his strange inability to put together a logical argument and his entrenchment in the Republican War on Science, I'm not surprised he considers his college degree worthless. The professors are all liberal anyway.