We examined income and education credentials and drew the wrong conclusions. Yes, people with college degrees made more money. That's because in most businesses there are only a few positions that require a college degree. In a business with 1,000 employees, there will typically be about 20 positions requiring a degree. Obvious exceptions exist, such as law firms, medical and engineering offices.
We need to create more companies that make a profit in order to justify more positions needing college degrees. That is the right conclusion.
We examined income and education credentials and drew the wrong conclusions. Yes, people with college degrees made more money. That's because in most businesses there are only a few positions that require a college degree. In a business with 1,000 employees, there will typically be about 20 positions requiring a degree. Obvious exceptions exist, such as law firms, medical and engineering offices.
We need to create more companies that make a profit in order to justify more positions needing college degrees. That is the right conclusion.