Could you explain how you think this applies? In his paper, Akerlof describes college as a mitigating factor of the information asymmetry of the labor market. H

Could you explain how you think this applies? In his paper, Akerlof describes college as a mitigating factor of the information asymmetry of the labor market. Higher productivity workers gain education at less personal cost than lower productivity workers, and it thus gains value as a signal. If education doesn't, ultimately, correlate with productivity, then the argument is that the market will simply ignore it.