A report by the Los Angeles Times published Wednesday indicates that more than 47,000 community college students are beginning the fall semester on waiting lists, according to a survey of California's two-year colleges.

"There is no question that the system is shrinking in terms of the number of students we're serving but not shrinking in terms of demand," Chancellor Jack Scott said in an interview to the Times on Tuesday. "The real problem is we don't have the financial resources to offer the courses that we could fill. In the long run, it's going to be hurtful to the economy. These are the individuals who are going to make up the future workforce of California."

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