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The University of Impossible-to-Get-Into (Update)
Freakonomics Radio
Education: More Than Knowledge
A college education provides more than just knowledge; it offers a lifelong network of connections, including friendships, business contacts, and possibly romantic relationships. The environment fosters interaction with driven individuals, enhancing personal and professional growth. Additionally, a college degree acts as a social signal, indicating to others one’s value in the job market and social circles. This phenomenon contributes to credential inflation, where the educational requirements for careers rise without significant changes in job functions. Over several decades, the average education level in various occupations increased, illustrating a trend towards greater credentialism.
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