[dghlsakjg]

The bachelors degree is not a piece of paper in the same way that a long resume is not the same as experience gained. Either is useless if they are not representative of an underlying truth.

The point of the experience is that it allows you to produce more value with the same inputs.

To wit: nations with higher educational attainment do not see the averaging that you suggest, instead they see rather remarkable standards of living.

[bumby]

I think the real question is: how much of the degree is a signal and how much is an actual increase in knowledge/ability? I know since economists have done work on this and, to my memory, it’s split about 50/50.

If it slides too far to the signal side, it becomes a bad proxy. Considering grade inflation is a thing, I wonder how much of that relationship gets eroded