The Myth of Education and Economic Success

This chapter challenges the persistent 'zombie ideas' in the workforce regarding the skills gap and the belief that more education guarantees high-paying jobs. It delves into data analysis from the Federal Reserve, St. Louis, showcasing the declining returns on degrees and wealth over the past 80 years, especially for African Americans. The discussion highlights the complexities of the relationship between education, skills, and economic well-being, critiquing the misconception that obtaining more degrees automatically leads to financial stability.