The main function of education is signalling rather than building skill, so subsidising it mostly inflates credentials.
Bryan Caplan Since signaling, not building human capital, is the main function of education, the main effect of government subsidies is credential inflation. Selfishly Speaking, Who Should Skip College?betonit.ai · 19 Feb 2025All korrents from this piece
Their wordsSince signaling, not building human capital, is the main function of education, the main effect of government subsidies is credential inflation.