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re: Is anyone else not pushing their kids to attend college?
Posted on 5/10/24 at 7:05 am to Hayekian serf
Posted on 5/10/24 at 7:05 am to Hayekian serf
quote:
Great article
I read the tagline for the organization, assumed their bias, which then led me to assume the flaw in their methodology and..
quote:
But golden ticket thinking is flawed. First, that 68 percent earnings premium is a median: not every college graduate earns so much. Second, people who attend college and people who stop out of their formal education with only a high school diploma are different along other dimensions, and have different preexisting earnings potential. College graduates probably would have out-earned the median high school graduate even if they had not gone to college.
quote:
Next, I estimate counterfactual earnings for the typical student in each program; in other words, what each student would have earned in a parallel universe where she did not pursue higher education.
This post was edited on 5/10/24 at 7:06 am
Posted on 5/10/24 at 8:45 am to SlowFlowPro
99% people in this thread will not understand any of that....hence why they think being in the trades is some amazing thing
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