Amelia Vayda, Chapter 6, Question 6

In Naked Economics Wheelan discusses an experiment that involved dropping off 100,000 high school dropouts on a corner in Chicago and how businesses dealt with the extra amount of laborers who are less skilled. Then they dropped off 100,000 graduates on the same corner and looked at how the businesses reacted. When the high school dropouts were on the corner everyone wanted them to leave or be supported by the government because the skill level was not high enough for the  businesses to employ them. When the graduates came they would get jobs instantly because their skill level was useful. If they didn't get a job they would just start their own company or move to a different place. This part of the chapter was very interesting because all that businesses really care about is your skill level, but for people who come from poor families they might not be able to go to college to become more skilled. This experiment showed me how jobs require specific skills when hiring new employees, and it comes down to if the person dropped out in high school or if they got a degree from a college.