The Value of a College Degree: High Test Scores, Low Ability
The value of Chinese college degree: $44 per month according recent statistics. “China’s college graduates on average make only 300 yuan, or roughly $44, more per month than the average Chinese migrant worker,” writes a Wall Street Journal blog article citing data released by the director of Institute of Population and Labor Economics of the Chinese Academy of Social Sciences. Coincidentally, another story (in Chinese) that is spreading in Chinese media and online space is that a post-graduate degree (masters) is worth less than what a nanny makes. It is no ...