that what employers need is a signal of competence, but a four-year college degree is a very costly signal for a job-seeker to obtain, and only an imperfect signal of competence to an employer?
Isn't it possible that college degree holders are at an advantage in seeking employment by comparison to persons without college degrees even if students are learning very little during their four years of college?
http://www.openeducation.net/2008/08/20/charles-murray-%E2%8...
that what employers need is a signal of competence, but a four-year college degree is a very costly signal for a job-seeker to obtain, and only an imperfect signal of competence to an employer?
Isn't it possible that college degree holders are at an advantage in seeking employment by comparison to persons without college degrees even if students are learning very little during their four years of college?
http://www.mcclatchydc.com/2011/01/18/106949/study-many-coll...