America at Crossroads: It’s all about $94

Mickey Kaus | Columnist

$94: Timothy Noah lists the various ways he thinks Obama could  “halt growing income inequality.”  #4 on Noah’s list is “Universal Pre-School.” Noah writes:

 The relationship between early education and income distribution was underscored by a recent study by Harvard economist Raj Chetty. It found that a one-percentile increase in scores on tests administered to Tennessee kindergarteners at the end of the school year correlated with a $94 increase in annual wages at age 27—and that’s after the data were corrected for family background.

Are you impressed with a $94 increase in annual wages? …  It’s almost as if Noah’s solutions are comically inadequate to the task of stopping the tectonic money-inequality trend he describes. …


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