Good post, saved to my hard drive, but this is clearly wrong: “Economists believe that the financial cost of losing a year of education is that you will earn roughly 10% less throughout your career. If properly discounted this amounts to roughly $100,000”- not if you believe, as many economists do, that education is signaling beyond lerning the 3R’s. It really does not matter if you learn calculus a year later than normal.
Good post, saved to my hard drive, but this is clearly wrong: “Economists believe that the financial cost of losing a year of education is that you will earn roughly 10% less throughout your career. If properly discounted this amounts to roughly $100,000”- not if you believe, as many economists do, that education is signaling beyond lerning the 3R’s. It really does not matter if you learn calculus a year later than normal.