The Upward Degree Race: Is a Master’s Worth It?
22nd February 2019
More than 20 years ago, Professor David Labaree wrote in his book How to Succeed in School Without Really Learning that our education system had turned into a costly race for educational credentials where people are pushed to get higher degrees “to stay a step ahead of the pack.”
In short, educational degrees are positional goods. Now that just about everyone gets a bachelor’s degree, you need a master’s degree to outshine the masses