Friday, August 26, 2011

College is an indicator of success, not a cause.

Talented, motivated, creative people tend to earn more than their peers throughout life. In today’s world, they’re also more likely to complete college. Colleges, for obvious reasons, claim that they make all the difference.

There’s a similar difference in earnings between Brooklynites who work in Manhattan and Brooklynites who work in Brooklyn.

For some people in some careers, some colleges may be worth the price they charge. But millions of other people are paying more than quadruple what their parents paid 25 years ago (plus inflation) for a vague credential, not much knowledge or skills, and a crippling amount of debt.
Listen well, my seniors.

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