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Duncan Foley's avatar

Your post raises some important questions. There are some other related ones. For example, labor economic research identifies a persistent "certification effect", which is hard to explain. There are significant differences, not just in starting salaries, but in lifetime income, between individuals who have completed all but one course toward a degree and individuals who have finished the same degree. This kind of evidence calls into question the idea that the value of a degree is somehow connected with the requirements for it.

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