As Andrew Kelly succinctly put it in a recent paper for the Thomas B. Fordham Institute, “on average ≠ always.” He cites a study by the Federal Reserve Bank of New York that found that the lowest-paid quartile of college graduates earns little more than average high-school graduates do; that’s been so since the 1970s. Which helps to explain all of those college-educated Starbucks baristas.
-Michael Petrilli, as excerpted from this essay
All I know is that some of the most successful human beings of my acquaintance, including my long time business partner, do not have college degrees.
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