Politicians across the political spectrum tend to agree that education is a worthwhile investment. Bryan Caplan disagrees: he believes that while education pays off for individuals (though not for everyone), it’s a terrible investment for society at large.

His rationale is that education pays for individuals because it signals intelligence, work ethic, and conformity, not because it helps people develop useful skills. But because signalling is a zero-sum game, education’s benefits to individuals do not translate to gains for society at large. …

Aris Catsambas

I work at Monzo. Ex Google, P&G

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