Gato on fiat education…

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“it’s been an article of faith for decades that those with college degrees out earn those without. and it clearly shows up in the data. the correlation is unmistakable. but, and this is a massive but, that does not mean what many suspect. it does not mean that “college creates earnings and opportunity.” for many, it starts to seem to mean the opposite: college is lost opportunity and vast expenditure and debt accumulation that will never pay for itself. and a lot of this comes down to bad expectations and a form of “lake wobegon fallacy” of statistical illiteracy.”

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https://boriquagato.substack.com/p/how-higher-education-became-a-cargo