Schooling raises earnings only by securing year-round work for women and blacks
Evidence
In fact, employment conditions are far more important than is schooling and experience as a determinant of annual earnings for female and black workers. For these workers, schooling and experience have little or no impact on annual income apart from their increasing the probability of being employed the year round. For white males facing less uncertain unemployment conditions and having access to job ladders and significant promotion possibilities, years of schooling and job experience play a much greater role in the determination of income. — Samuel Bowles and Herbert Gintis, Schooling in Capitalist America, 875
Categorization
- SEED: Article angle: the credentialist case against human capital theory — for marginalized workers education buys stability, not advancement.
- XREF: connects to: Schooling mainly raises earnings by securing year-round employment for marginalized workers