We hear continually of how expensive it has become to go to college. The oft-mentioned alleged culprits are higher faculty salaries and a growing cadre of administrators. This is not the case. The article goes part of the way in explaining what has happened.
Income inequality is growing. There many theories on why this is happening. This article focuses on the primary reason – labor saving information technologies.
In this second Part of my series on the life choices of wealthy men, I look at how important their schooling and their military experience were for them. Consideration is also given to which ones were risk avoiders and risk takers.