um. the way to think about it is that undergraduate university is serving the fu

um. the way to think about it is that undergraduate university is serving the function of trade school, and grad school is now university level. And this does mirror the Iq distribution. So we have just switched from cheap trade schools (physical), and cheap colleges (clerical) to large expensive universities and moved what used to constitute university education up into the graduate level (and in some cases the phd).