Tuesday, March 08, 2016
Poor vs. Wealthier, College Degree Edition
I have a feeling this is a network effect. Basically: wealthier people who get college degrees have a better network to plug into via family/family friends than do poorer people. This makes it easier to get jobs straight out of college, and that makes a big difference down the road (promotions, experience...). A college degree is nice, but it doesn't by itself get you a job. Having better connections helps a lot when it comes to finding work. The degree is just a check-mark on the resumé (more often required now).