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Bryan Caplan on the Case Against Education

EconTalk

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Education: A Sign of Potential, Not Just Skill

Higher education correlates with increased earnings, primarily due to signaling rather than the acquisition of useful skills. Attending school serves as a certification of a person's potential, indicating them as a desirable candidate in the job market. Additionally, the correlation between education and wealth may be coincidental, reflecting the tendencies of already wealthy individuals rather than education itself being a direct contributor to financial success.

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