School is all about signaling, not skill-building – Bryan Caplan

While the labor market rewards good grades and fancy degrees, most of the subjects schools require simply arent relevant on the job. Students, much closer to the action, see whats going on: As long as they have good grades and finish their degrees, employers care little about what theyve learned.Does it matter why education pays? Educational austerity is the simplest path back to an economy in which serious on-the-job learning starts during high school not after college.Bryan Caplan is professor of economics at George Mason University and author of The Case Against Education: Why the Education System Is a Waste of Time and Money.

Source: www.latimes.com