America at Crossroads: It’s all about $94
$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. …