Correlation is not necessarily indicative of causation. Individuals who pursue a college degree may well be more ambitious, hard working or otherwise more desirable to employers than those who do not.
Let us assume though that a the degree itself is the source and that it has nothing at all to do with the individual who earned it. We might reasonably expect earnings to reflect the availability or unavailability of qualified individuals. If we suddenly award a B.A. or B.S. to everyone, what do you suppose that might do to the value it confers upon the recipient?
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<Millenial Snowfkake Utopia>
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