> Unfortunately many, if not most high paying jobs will still require higher education, particularly the stereotypically well paying ones.
Not just any higher education, though, but specific professional degrees that grant access to supply managed markets. That part seems to be often missed when this topic comes up.
I recall a Gallup study into the top 1% finding that something like 70% of the top 1% have a professional degrees (doctors, lawyers, etc.). The remaining portion was comprised of more people with high school or less than those with only a bachelor degree, suggesting that a bachelor degree alone does nothing to improve your prospects. Which goes against the common thinking.
But is also echoed in the general economy. With the rise of post-secondary attainment, incomes have held stagnant. If there was a financial advantage gained though higher education itself, not through supply management, incomes would be rising.
Not just any higher education, though, but specific professional degrees that grant access to supply managed markets. That part seems to be often missed when this topic comes up.
I recall a Gallup study into the top 1% finding that something like 70% of the top 1% have a professional degrees (doctors, lawyers, etc.). The remaining portion was comprised of more people with high school or less than those with only a bachelor degree, suggesting that a bachelor degree alone does nothing to improve your prospects. Which goes against the common thinking.
But is also echoed in the general economy. With the rise of post-secondary attainment, incomes have held stagnant. If there was a financial advantage gained though higher education itself, not through supply management, incomes would be rising.