[randomdata]

Compared to themselves in a parallel universe where no degrees were awarded, yes. A 4.0 GPA from Harvard isn't making the kid with Down syndrome any more hireable than they already were. If the cure for Down syndrome, or any other condition that impacts one's potential, was as simple as handing them a degree from Harvard on a silver platter, we'd be helping a lot more people than we do.

Where did you come up with this idea that a degree is a medical cure?

[JamesBarney]

You keep thinking im arguing that a degree makes society better off, I'm not arguing that. Im arguing the degree makes the holder better off.

But it sounds like we can agree the degree makes the individual better off in this world. Even if it doesn't compared to another world.

[randomdata]

> You keep thinking im arguing that a degree makes society better off

Not at all...? I think you've misinterpreted my comments.

> But it sounds like we can agree the degree makes the individual better off in this world

When the degree is used as 'quota', to use a Canadianism, into a supply managed profession (doctors, lawyers, etc.), then yes, we can agree. The data is clear that supply management has proven that it can artificially inflate incomes, making those inside the inner circle better of than they would have been in a rational market, at the cost of denying entry to those outside of the special group. In Canada, dairy and poultry farmers simply buy quota to achieve the same outcome. No schooling necessary. You will find that how you get into the inner circle is just an implementation detail.

But when you exclude those with 'quota', the numbers get interesting. Those with only a bachelors degree are less likely to be found among high income earners than those with no degree. That may seem surprising at first, but actually isn't. Those who are economically desirable are compelled away from their studies before they finish. It's just the failures who nobody wanted to hire, so to speak, who reach graduation.

So, there's a whole lot of depends. If you have a professional degree, the numbers show it helps. Not because of the degree, but because of the distorted market associated with having a degree that brings economic value to those who jumped through the right hoops. If you have only a bachelors degree, however, it seems to hinders. At best it has no effect. However, since there is a cost to attaining a bachelors degree (even if just the cost of your time, but certainly most will also see a monetary cost), we know it always hinders in the net. Unless, again, it is the stepping stone towards a professional degree.