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Suppose you overhear the following statement at a party: It is just not right that Joe, who never went to college, makes more than Ken,

Suppose you overhear the following statement at a party: "It is just not right that Joe, who never went to college, makes more than Ken, who has a master's degree. People with higher degrees deserve to earn more!"

Use human capital theory to explain what is wrong with this argument.

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