Education Does Not Guarantee Economic Achievement

Forbes ^ | 06/13/2010 | John Tamny

[Buckeye McFrog]

from what I observe, the higher your level of education the more likely you are to be drawn into the halls of academia or some sniveling Federal Bureaucrat policy-wonk job, rather than doing anything productive.

[anniegetyourgun]

dunno

[The Great RJ]

I worked in housing development for many years and with two Harvard MBAs and a graduate of the Wharton School and was not impressed by their practical understanding of how business really works and saw them make some really poor business decisions. I subsequently met several true entrepreneurs, some educated at local colleges and universities others who lacked a college degree who knew more than all these MBAs combined and who had an enviable record of business success.

[WOBBLY BOB]

“NY passes students who get wrong answers on tests”

http://www.nypost.com/p/news/local/how_do_you_pass_ny_school_tests_tCqFKo40FhcwkO5SoPYWRI

[artaxerces]

A German high school grad is 4 YEARS ahead of his American counterpart in Math/science. His salary in the global marketplace is ~20k USD a year.

A Chinese high school grad is roughly comparable to his American counterpart in math/science. His salary in the global marketplace is ~8k USD a year.

Then we have the average American grad who thinks he is more productive than the German guy, looks down on the Chinese guy, and somehow believes that he “deserves” to be paid 30k a year.