Very interesting blog post by Sam McNerny over at Big Think.
"Consider Switzerland. It’s one of the richest countries and has one of
the lowest college enrollment rates in the developed world. How is this
possible? The low productivity content of education, according to Chang.
Believe it or not, Swiss workers produce, innovate and build with fewer
college degrees just fine. Likewise, the United States grew its economy
during the 19th century not from education reforms but
through smart economic policies that encouraged growth and innovation.
It did not become one of the wealthiest countries by 1900 because
Americans were smarter than everyone else."