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 Learning to make more money & enhance personal characteristics – it’s not only about just skills, but also signaling

Do you know why we like Coursera so much?

Because it’s online courses yes.

But, it does provide you instant access to top-notch universities.

Now, why does a person pursue to study at the university?

To gather skills?

Yes, indeed, but as Elon Musk says – schools are not for this learning – to gather skills and knowledge.

And to some point, you can agree with that.

However, colleges also give you certificates – signaling.

And whether we want it or not papers do make a difference on the job market.

It does not matter whether you get an online certificate or physical – you can print it if you want.

What matters is you get a certificate.

Is a college degree worth it?

Yes, it’s still is.

The best book there is if you care about data is Bryan Caplan’s book: The case against Education.

In this book, he shows that a college degree is still worth it based on vast data assumptions.

Average college earner earns 1.65 more than high – school diploma guy.

Don’t take us wrong – the amount that you are paid within your career time depends mostly on the level of your lifelong learning, which is not associated with schooling and taking opportunities in your career – stakeholdership.

But, in the general picture, we can see that education pays off – even though it costs money at first.

For years we have seen how education tuitions are surging…

And for good reason – bigger and more demanding campuses, inflation, higher academic salaries and etc.

This is changing though – you don’t need campuses that much when your school gets online.

This is what Coursera does – it takes Universities fully online – it provides education of skills that universities traditionally deliver, with maintaining their degree issuing eligibility.

It’s going that direction if we want or not – just look at the pandemic era, schools pretty much have to teach online leave or take.

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