Lest I be misinterpreted, I emphatically affirm that education confers some marketable skills, namely literacy and numeracy. Nonetheless, I believe that signaling accounts for at least half of college’s financial reward, and probably more.A college professor who believes the main value of a college degree is signaling to employers that this person has the requisite characteristics and says nothing about the requisite knowledge. Hmmmm....Is college just an expensive, giant "ticket" to a job?
Saturday, December 9, 2017
The World Might Be Better Off Without College for Everyone by Bryan Caplan
The World Might Be Better Off Without College for Everyone
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