I’d certainly not say it’s everything, look at all the highly-paid mediocre CEOs. Education has rigorously been shown to lead to higher incomes and wealth on average.
Education is not knowledge either. Today market most directly pays for skilled work that increases revenue/profit. Correlation drops after that. It's a struggle I've been trying to reason for myself too.
I’d certainly not say it’s everything, look at all the highly-paid mediocre CEOs. Education has rigorously been shown to lead to higher incomes and wealth on average.
Education is not knowledge either. Today market most directly pays for skilled work that increases revenue/profit. Correlation drops after that. It's a struggle I've been trying to reason for myself too.
True, but high-quality education, whether personal or formally, tends to produce high-quality knowledge.
Yes, companies pay for what’s perceived to create revenue and profit (and yes, skills are a major factor in that).