Care to elaborate? When they say college graduates earn more, at least for anything I&#x27;ve ever read, it is based on mean income. Due to the way mean is calculated, and incomes tending to follow the power law, the top 1% are going to be the ones who have the largest representation of that higher average income.<p>As such, degree holders may simply earn more because they are overly represented in supply managed industries with artificial incomes, like the aforementioned doctor.