A new study finds business school mainly teaches managers to keep wages low
As it turns out, going to business school may not be all that good for business.
A new study from the National Bureau of Economic Research released March 28 revealed that managers with a business degree are not significantly better at running a company than those without one. They were, however, less prone to raise wages.
“If you talk to business schools about our findings, a lot of them don’t find it surprising because part of what they teach is to maximize profits,” said Alex He, a finance professor at the University of Maryland and one of the study’s authors. “We’re just documenting that the kind of profit maximization that they do has these costs on labor.”
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