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Subsidizing a signal serves to make the signal more expensive, and does not increase its utility; all Western governments are subsidizing education, and hurting
by nickff 10y ago
Subsidizing a signal serves to make the signal more expensive, and does not increase its utility; all Western governments are subsidizing education, and hurting their citizenries by doing so. Some proponents of the signalling theory have gone as far as to advocate for a tax on education.