Phi Beta Cons

“New Study Shows the Value of a College Education”

The Pew Research Center reported that individuals with a high school degree earned 62% of the salary of college degree holders.  In related news, researchers found that people with kitchens in their homes were 99% more likely to engage in the act of cooking than those without kitchens.

Ok, the analogy is not perfect, but at some point, can the MSM please get past pushing this remedial statistical analysis?  I urge readers to repeat the Stats 101 mantra of “correlation does not equal causation” every time they see this data point.

Furthermore, the headline of the AP article is misleading.  The article doesn’t exactly paint a rosy picture for the college degree; it contains statements like “it’s a sign of the growing value of a college education despite rising tuition costs…” and “roughly nine in 10 college graduates ages 25 to 32 said that their bachelor’s degree had paid off or will pay off in the future.”

Perhaps “New Study Shows Value of College Education” means that the value is less than before.  After all, the title doesn’t say increased value.

Wishful thinking, I know.


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