Suppose research reveals that college graduates have higher employment rates and higher wages, but a significant proportion of college graduates who get jobs do so in fields other than the field in which they earned their degree. How could this be evidence of signaling? What is the counter-argument?
What will be an ideal response?
If students are getting jobs in other fields, it could mean that they are not using the things they "learned" at school in the work environment. But since the degree is helping them get jobs, it could be that the college degree is a signal to an employer that the worker is of the "high-ability" type, and able to follow through on commitments, manage time, etc. The counter argument could be that one learns many things in college, not just field-specific knowledge, and that these skills are valued by employers. For example, economics majors learn how to think abstractly, which is a valuable skill, and math majors learn problem solving and critical thinking, which are also valuable.
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