Take the study that provocatively claims employers see college graduates’ ability “nearly perfectly.” The same piece reports high school dropouts, high school graduates, and college dropouts enjoy virtually zero payoff for their ability when they first join the labor force. Full catch-up takes over ten years.46 In other words: to win your rightful place in the world, you must either enter the labor force and work for a decade-plus, or graduate from a four-year college. Somber news for “diamonds in the rough” whose skills surpass their credentials.
