A new study simulated the effects of a bachelor’s degree on the population of men 25 to 64 who do not have one. The study argues that better education would lift earnings of men in the bottom half of the pay scale, but would only marginally affect the gap between rich and poor. Income inequality and wage stagnation have been popular topics of conversation among academics and policy makers recently. Average incomes of the wealthiest 1% have dramatically outpaced everyone else, but steady job creation has not led to higher pay for most workers. While the study argues that increasing the skills of those in the lower half of the income distribution will improve their economic position, their exercise looks at low skill men, a group which has seen a heavy drop in employment and earnings in recent years. The simulation suggests a bachelor degree would lift the lowest 25% annual earnings to $8,720 from $6,100, and closer to the middle of the pack annual earnings to $37,060 from $34,000. While the boost would be nice for those wage earners, it would only be a marginal improvement in terms of income inequality. What do you think about college degrees and income inequality?