if i were university i would simply destroy my value prop of serving as a legal iq test for employershttps://twitter.com/TeresaWatanabe/status/1259964778912509952 …
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caplan’s basic argument is that the college premium is a combination of a little ability bias (i.e. you have to be this intelligent+conscientious to get into college), and two casual effects: signaling (which accounts for the majority of the real increase in outcomes)
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It's very easy for a company to make up it's own "accidentally 80% correlated with IQ" test. It's hard to assess whether a 22-year-old can show up somewhere at 9 am reliably for years (and also fit with an upper middle-class crowd culturally).
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