New Study Debunks The Great Education Myth

If you've read my writing, you probably know of my dislike for The Great Education Myth - the myth forwarded by politicians and power-worshiping pundits like Tom Friedman that says all America has to do is better its education system in order to solve our economic problems. If people just got more college degrees, the myth goes, somehow that will raise wages and improve health care benefits in the face of a trade policy that encourages companies to troll the world for slave labor. Along with a few other progressive economists and reporters, I've written a lot of posts and newspaper articles showing what a bunch of crap this myth really is - and now today, the Financial Times reports on a study that reinforces what we've been writing.

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