Responding to the latest study from Anthony Carnevale’s Georgetown Center, Rich Vedder offers some measured criticism here, but praises Carnevale for providing a wealth of data to analyze on the relationship between education and earnings.

The core of the paper is the data it presents on average earnings at various levels of education: high-school dropouts, high-school grads, people with associate’s degrees, bachelor’s degrees, professional degrees. Here’s my question: If everyone could move up one place, would everyone earn more?