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by stocknoob
1770 days ago
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If schooling were about actual education and not signaling, there would be competitive pressure to improve product quality (like any consumer good: TVs, computers, microwaves, cars…). There is no competitive pressure to improve educational outcomes because society doesn’t really care. It’s a signaling mechanism for the top quintile and a childcare holding pen for the rest. |
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E.g. the cost and quality of your average bus driver has not changed appreciably in 4 decades.