I’m digging through unpublished/drafts in the blog and I found this. Its march already and students are starting to deal with finals and afterwards graduations, and finally the drudgery of work for most other people! Thought provoking!
Finally, consider the hundreds of thousands of students who go to college just because they have had it pounded into their heads since childhood that the good jobs require a BA The wage premium that shows up in regression equations may or may not apply to them. In Real Education, I offer an extended example involving a hypothetical young man graduating from high school who is at the 70th percentile in intellectual ability–smart enough to get a BA in today’s world–but just average in intrapersonal and interpersonal ability. He is at the 95th percentile in the visual-spatial and small motor skills useful in becoming a top electrician. He is trying to decide whether to go to college, major in business, and try to become a business executive, or instead become an electrician.