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The OP's chart is meaningless because of selection bias. Presumably, the college grads would be more employable because of higher intelligence, greater access t
by vm 14y ago
The OP's chart is meaningless because of selection bias. Presumably, the college grads would be more employable because of higher intelligence, greater access to resources or better habits, which led them to college (I know there are many exceptions to this).
The real question is, what would many of those college grads have done otherwise in those 4 years, with the money they would have saved?
FWIW I learned a ton about myself in college and wouldn't trade that experience for anything.
- chives 14y agoMy biggest problem is that if we are trying to measure the economic value fo a college degree, then shouldn't we only be looking at recent college grads? I mean, he is saying there is economic value in college degree (and therefore you should buy them), but what if you were looking to go to college today? Is that college degree when you graduate going to be worth it in 4 years? I would wager to bet that if we looked at the numbers, college degrees are least valuable to recent graduates and most valuable to people with years of experience and also happen to to possess a college degree.