Ding ding ding! This also neatly explains why Boomers were able to have a good life with just a high school diploma. Wikipedia has a good chart, but the short

Ding ding ding! This also neatly explains why Boomers were able to have a good life with just a high school diploma. Wikipedia has a good chart, but the short version is that having a high school diploma in 1965 meant you were better educated than 50% of the labor force. PhDs are the new undergraduate degree.