There are a multitude of studies that express the conclusion that individuals with higher education earn more income than those without higher education. Yet, I am not convinced that there is a consensus among people as to why that fact exists. If you believe that people are “lucky” and some some “get rich” while others simply are “unlucky”, that is a position (with an external locus of control perspective) that negates the belief in higher education. If you believe that people earn more income because of what they can do (for an employer, client, vendor or partner), then it it logical that if you have more skills (and higher level skills) you will be able to earn higher incomes. This is a position based on an internal locus of control.
My perspective is that [...]