Why College Degrees Are Losing Their Value
Estimated Reading Time: 3 minutes
The signaling function of college degrees may have been distorted by the phenomenon known as credential inflation. The concept of inflation (the depreciation of purchasing power of a specific currency) applies to other goods besides money. Inflation is related to the Law of Supply and Demand. As the supply of a commodity increases, the value decreases. Conversely, as the good becomes […]