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Do Income and Education Predict Each Other?

September 7, 2016

In the world of entrepreneurs, we have this notion that a formal education has no bearing on one’s future income, because “anybody can found a Fortune 500 company.” While that statement is true, is the “anybody” typical, or just a rare exception?

In the world of education, we have the opposite perception – that income predetermines how well we’ll do at school. Mired in poverty, a child doesn’t start the day with a healthy breakfast, lives in a violence-filled ghetto and has to leave school early to earn much-needed cash. Is this image real, or more something Hollywood has been serving us?

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