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Signaling theory is a radical idea that only a few economists give any credence to. O has been proven by economists to be completely wrong and not applicable to the real world at all. O suggests that higher education provides people with workplace skills that provide opportunities for workers to provide benefits to society for which they are rewarded in the labor market. O is basically a theory that says that higher education simply transfers wealth from one group of people in society to another group in society, without increasing overall wealth in society as a whole