Here is a more nuanced piece about the myths of college. It still does not address
the difference between correlations and causation. But it does get into the problems with averages when looking at the stats associated with the higher earnings of college grads versus non-grads.
"Averages hide a lot of things. In this case, lots and lots of things. For example, one-quarter of workers with only some college or with associate's degrees make more than do half of those with bachelor's degrees."
Thursday, December 8, 2011
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